<div id="readability-page-1"><p><span>Paycom Software (NYSE:PAYC - Get Free Report)</span> had its target price hoisted by analysts at Barclays  from $240.00 to $250.00 in a report released on Thursday,Benzinga reports. The firm presently has an &#34;equal weight&#34; rating on the software maker's stock. Barclays's target price would indicate a potential upside of 1.13% from the stock's previous close.</p><ul><li>3 Explosive Tech Stocks Breaking Out Right Now </li></ul><p>Several other research analysts also recently weighed in on PAYC. Stifel Nicolaus boosted their target price on Paycom Software from $187.00 to $215.00 and gave the stock a &#34;hold&#34; rating in a research note on Thursday, May 8th. BMO Capital Markets upped their target price on shares of Paycom Software from $244.00 to $258.00 and gave the stock a &#34;market perform&#34; rating in a research report on Thursday. Needham &amp; Company LLC  reissued a &#34;hold&#34; rating on shares of Paycom Software in a research report on Thursday, May 8th. KeyCorp boosted their target price on Paycom Software from $245.00 to $270.00 and gave the stock an &#34;overweight&#34; rating in a research report on Thursday, May 8th. Finally, Piper Sandler upped their price target on shares of Paycom Software from $224.00 to $246.00 and gave the company a &#34;neutral&#34; rating in a research note on Thursday, May 8th. Eleven investment analysts have rated the stock with a hold rating and one  has issued  a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of &#34;Hold&#34; and a consensus price target of $229.30.</p><div><p><span></span><span>Get <strong>Paycom Software</strong> alerts:</span></p></div><p><b>Check Out Our Latest Analysis on Paycom Software</b></p><h2>Paycom Software Stock Up 10.7%</h2><ul><li>PayPal’s User Decline Won’t Stop Its Double-Digit Upside</li></ul><p>NYSE:PAYC opened at $247.20 on Thursday. Paycom Software has a 12-month low of $152.46 and a 12-month high of $267.76. The stock's 50 day moving average price is $237.44 and its two-hundred day moving average price is $226.70. The firm has a market capitalization of $14.30 billion, a price-to-earnings ratio of 34.88, a P/E/G ratio of 2.46 and a beta of 0.81. </p><p>Paycom Software (NYSE:PAYC - Get Free Report) last posted its earnings results on Wednesday, August 6th. The software maker reported $2.06 earnings per share for the quarter, topping analysts' consensus estimates of $1.78 by $0.28. Paycom Software had a net margin of 20.60% and a return on equity of 25.53%. The business had revenue of $483.60 million for the quarter, compared to analyst estimates of $472.00 million. During the same quarter in the prior year, the firm posted $1.62 EPS. Paycom Software's revenue was up 10.5% on a year-over-year basis.  Equities research analysts expect that  Paycom Software will post 7.15 EPS for the current year. </p><h2>Insiders Place Their Bets</h2><ul><li>Bargain alert: 3 large caps with RSIs that scream oversold</li></ul><p>In other news, insider Bradley Scott Smith sold 1,500 shares of the company's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $249.96, for a total transaction of $374,940.00. Following the transaction, the insider owned 27,233 shares of the company's stock, valued at $6,807,160.68. This represents a 5.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Chad R. Richison sold 26,426 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $255.52, for a total value of $6,752,371.52. Following the sale, the chief executive officer owned 3,277,249 shares in the company, valued at approximately $837,402,664.48. This represents a 0.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 52,016 shares of company stock valued at $13,514,208 in the last quarter. Insiders own  10.90% of the company's stock. </p><h2>Hedge Funds Weigh In On Paycom Software</h2><p>Several institutional investors and hedge funds have recently modified their holdings of the stock. SouthState Corp purchased a new position in  Paycom Software in the 1st quarter worth about $27,000.  von Borstel &amp; Associates Inc. purchased a new stake in shares of  Paycom Software in the first quarter valued at approximately $27,000.  Glass Jacobson Investment Advisors llc grew its holdings in shares of  Paycom Software by 746.7% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 127 shares of the software maker's stock worth $26,000 after buying an additional 112 shares in the last quarter.  Golden State Wealth Management LLC grew its stake in shares of  Paycom Software by 112.3% in the first quarter. Golden State Wealth Management LLC now owns 138 shares of the software maker's stock valued at $30,000 after buying an additional 73 shares in the last quarter.  Finally, MassMutual Private Wealth &amp; Trust FSB raised its holdings in shares of  Paycom Software by 135.9% during the first quarter. MassMutual Private Wealth &amp; Trust FSB now owns 151 shares of the software maker's stock worth $33,000 after purchasing an additional 87 shares during the period. 87.77% of the stock is currently owned by institutional investors. </p><h2>Paycom Software Company Profile</h2> (Get Free Report)<p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Paycom Software</li><li>Airline Stocks - Top Airline Stocks to Buy Now</li><li>CrowdStrike Stock Slides—Is Growth Momentum Tapping Out?</li><li>3 Grocery Stocks That Can Help Take a Bite Out of Inflation </li><li>Don't Mix the Signal for Noise in Super Micro Computer's Earnings</li><li>Bank Stocks - Best Bank Stocks to Invest In</li><li>Shopify Stock Will Hit $200 Soon, Here’s Why</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBBWUM?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBBWUM"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Paycom Software Right Now?</h2><p>Before you consider Paycom Software, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Paycom Software wasn't on the list.</p><p>While Paycom Software currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

PAYC

<p>Barclays has raised its price target for Paycom Software (NYSE:PAYC) from $240 to $250, maintaining an "equal weight" rating. This suggests a potential upside of 1.13% from the previous close. Other analysts have also adjusted their targets, with an average rating of "Hold" and a consensus price target of $229.30. Paycom's stock opened at $247.20, with a 12-month high of $267.76. The company reported strong earnings, exceeding estimates with $2.06 EPS and $483.60 million in revenue for the last quarter.</p>

Paycom Software (NYSE:PAYC) Stock Price Expected to Rise, Barclays Analyst Says