Paycom Software (NYSE:PAYC) “Equal-Weight” Rating Maintained Today By Barclays; The Price Objective Given is $151

September 8, 2018 - By Victoria Pittman

Paycom Software, Inc. (NYSE:PAYC) Logo

Paycom Software (NYSE:PAYC) Rating Reaffirmed

Recently, In a note released on 7 September, Paycom Software (NYSE:PAYC) shares have had their “Equal-Weight” Rating kept by equity analysts at Barclays, who currently has a $151 PT on firm. This target by Barclays suggests the possibile downside of -3.14 % from the last stock close price.

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

Among 9 analysts covering Paycom Software (NYSE:PAYC), 4 have Buy rating, 0 Sell and 5 Hold. Therefore 44% are positive. Paycom Software has $151 highest and $95 lowest target. $128.78’s average target is -17.40% below currents $155.9 stock price. Paycom Software had 14 analyst reports since March 13, 2018 according to SRatingsIntel. The company was downgraded on Friday, March 23 by Stifel Nicolaus. Barclays Capital downgraded the stock to “Equal-Weight” rating in Thursday, April 12 report. The rating was maintained by Bank of America on Wednesday, August 1 with “Buy”. The stock of Paycom Software, Inc. (NYSE:PAYC) earned “Equal-Weight” rating by Barclays Capital on Friday, September 7. The firm earned “Equal-Weight” rating on Wednesday, May 2 by Barclays Capital. The firm has “Neutral” rating by Credit Suisse given on Wednesday, August 1. The rating was maintained by KeyBanc Capital Markets on Tuesday, March 13 with “Overweight”. The company was downgraded on Wednesday, May 2 by First Analysis. Barclays Capital maintained it with “Equal-Weight” rating and $131 target in Wednesday, August 1 report. The firm earned “Neutral” rating on Wednesday, May 2 by Credit Suisse.

The stock increased 2.54% or $3.86 during the last trading session, reaching $155.9. About 786,345 shares traded. Paycom Software, Inc. (NYSE:PAYC) has risen 57.82% since September 8, 2017 and is uptrending. It has outperformed by 45.25% the S&P500.

Analysts await Paycom Software, Inc. (NYSE:PAYC) to report earnings on October, 30. They expect $0.43 EPS, up 79.17 % or $0.19 from last year’s $0.24 per share. PAYC’s profit will be $25.21 million for 90.64 P/E if the $0.43 EPS becomes a reality. After $0.54 actual EPS reported by Paycom Software, Inc. for the previous quarter, Wall Street now forecasts -20.37 % negative 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 $9.14 billion. It provides functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement. It has a 102.03 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 news for Paycom Software, Inc. (NYSE:PAYC) were recently published by: Businesswire.com, which released: “Paycom Ranks No. 5 on Fortune’s 100 Fastest-Growing Companies List” on August 23, 2018. Seekingalpha.com‘s article titled: “Paycom Software Soaring” and published on September 04, 2018 is yet another important article.

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

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