Paycom Software (PAYC) – Analysts’ Weekly Ratings Updates

Paycom Software (NYSE: PAYC) recently received a number of ratings updates from brokerages and research firms:

• 1/31/2025 – Paycom Software was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 1/23/2025 – Paycom Software had its price target lowered by analysts at Barclays PLC from $229.00 to $221.00. They now have an “equal weight” rating on the stock.
• 1/16/2025 – Paycom Software had its price target lowered by analysts at Citigroup Inc. from $234.00 to $221.00. They now have a “neutral” rating on the stock.
• 1/15/2025 – Paycom Software was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 12/16/2024 – Paycom Software was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 12/13/2024 – Paycom Software had its price target raised by analysts at Mizuho from $190.00 to $210.00. They now have a “neutral” rating on the stock.
• 12/9/2024 – Paycom Software had its price target raised by analysts at TD Cowen from $193.00 to $248.00. They now have a “hold” rating on the stock.

Paycom Software Trading Down 0.9 %

NYSE PAYC traded down $1.90 on Tuesday, hitting $203.34. 99,940 shares of the company were exchanged, compared to its average volume of 457,489. The company has a market cap of $11.72 billion, a PE ratio of 24.47, a PEG ratio of 2.85 and a beta of 1.15. The stock has a fifty day moving average of $215.83 and a 200-day moving average of $189.11. Paycom Software, Inc. has a 12 month low of $139.50 and a 12 month high of $242.74.

Insider Transactions at Paycom Software

In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $226.55, for a total transaction of $441,772.50. Following the completion of the sale, the chief executive officer now owns 2,737,260 shares in the company, valued at approximately $620,126,253. The trade was a 0.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 7,800 shares of company stock valued at $1,756,209 in the last 90 days. 12.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Paycom Software

Several hedge funds and other institutional investors have recently made changes to their positions in PAYC. The Manufacturers Life Insurance Company raised its position in Paycom Software by 2.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 39,571 shares of the software maker’s stock valued at $5,660,000 after buying an additional 879 shares during the last quarter. Creative Planning raised its holdings in shares of Paycom Software by 13.2% in the second quarter. Creative Planning now owns 5,951 shares of the software maker’s stock valued at $851,000 after purchasing an additional 692 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Paycom Software by 49.0% in the second quarter. Cetera Investment Advisers now owns 26,878 shares of the software maker’s stock valued at $3,845,000 after purchasing an additional 8,836 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Paycom Software during the second quarter valued at about $856,000. Finally, Czech National Bank boosted its holdings in Paycom Software by 8.2% during the third quarter. Czech National Bank now owns 9,913 shares of the software maker’s stock worth $1,651,000 after purchasing an additional 752 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.