Paycom Software (NYSE:PAYC) “Overweight” Rating Kept Today By KeyBanc; The Price Objective Given is $127

March 14, 2018 - By reb123z

 Paycom Software (NYSE:PAYC)

Paycom Software (NYSE:PAYC) Rating Reaffirmed

In a research note revealed to investors this morning, KeyBanc reaffirmed their “Overweight” rating on Paycom Software (NYSE:PAYC) shares. The target price per share would suggest a possible upside of 14.69 % from company’s last close price.

Paycom Software, Inc. (NYSE:PAYC) Ratings Coverage

Among 18 analysts covering Paycom Software (NYSE:PAYC), 13 have Buy rating, 0 Sell and 5 Hold. Therefore 72% are positive. Paycom Software has $127 highest and $34 lowest target. $85.44’s average target is -22.84% below currents $110.7305 stock price. Paycom Software had 65 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of Paycom Software, Inc. (NYSE:PAYC) earned “Hold” rating by Mizuho on Tuesday, January 23. The rating was maintained by RBC Capital Markets with “Hold” on Wednesday, July 19. The stock has “Neutral” rating by Credit Suisse on Wednesday, February 7. The stock of Paycom Software, Inc. (NYSE:PAYC) earned “Overweight” rating by Barclays Capital on Wednesday, November 1. RBC Capital Markets maintained the stock with “Hold” rating in Sunday, September 3 report. JP Morgan downgraded Paycom Software, Inc. (NYSE:PAYC) on Wednesday, November 2 to “Neutral” rating. Robert W. Baird maintained the stock with “Buy” rating in Monday, September 11 report. The rating was maintained by Oppenheimer on Wednesday, November 1 with “Outperform”. Mizuho maintained the shares of PAYC in report on Tuesday, August 1 with “Hold” rating. The firm has “Neutral” rating by Credit Suisse given on Wednesday, November 1.

The stock increased 1.11% or $1.2105 during the last trading session, reaching $110.7305. About 114,034 shares traded. Paycom Software, Inc. (NYSE:PAYC) has risen 61.78% since March 14, 2017 and is uptrending. It has outperformed by 45.08% the S&P500.

Analysts await Paycom Software, Inc. (NYSE:PAYC) to report earnings on May, 1. They expect $0.78 EPS, up 77.27 % or $0.34 from last year’s $0.44 per share. PAYC’s profit will be $46.16 million for 35.49 P/E if the $0.78 EPS becomes a reality. After $0.24 actual EPS reported by Paycom Software, Inc. for the previous quarter, Wall Street now forecasts 225.00 % EPS growth.

Paycom Software, Inc. provides cloud human capital management software solution that is delivered as software-as-a-service for small to mid-sized companies in the United States. The company has market cap of $6.55 billion. It provides functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement. It has a 97.65 P/E ratio. The companyÂ’s HCM solution offers a suite of applications in the areas of talent acquisition, including applicant tracking, candidate tracker, background checks, on-boarding, E-Verify, and tax credit service applications; and time and labor management, such as time and attendance, scheduling/schedule exchange, time-off requests, labor allocation, labor management reports/push reporting, and geofencing/geotracking applications.

More recent Paycom Software, Inc. (NYSE:PAYC) news were published by: which released: “Paycom Software, Inc. Announces Increased Stock Repurchase Plan” on February 13, 2018. Also published the news titled: “The Zacks Analyst Blog Highlights: Builders FirstSource, Paycom Software …” on March 12, 2018.‘s news article titled: “ highlights: Sony, Atlas Air Worldwide Holdings, Mammoth Energy …” with publication date: March 13, 2018 was also an interesting one.

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