Paycom Software (NYSE:PAYC) had its price target boosted by Northland Securities from $215.00 to $275.00 in a research note released on Tuesday morning, The Fly reports. Northland Securities currently has an outperform rating on the software maker’s stock.

Other equities analysts have also issued reports about the stock. Oppenheimer boosted their price target on shares of Paycom Software from $175.00 to $220.00 and gave the company an outperform rating in a research report on Wednesday, May 1st. Canaccord Genuity restated a buy rating and issued a $10.00 price target on shares of Chembio Diagnostics in a research report on Thursday, May 2nd. Cantor Fitzgerald began coverage on shares of Upwork in a research report on Tuesday, June 18th. They issued an overweight rating on the stock. Needham & Company LLC restated a buy rating and issued a $10.00 price target (down from $15.00) on shares of Nabriva Therapeutics in a research report on Wednesday, May 1st. Finally, ValuEngine upgraded shares of YY from a sell rating to a hold rating in a research report on Friday, June 7th. Nine analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $194.29.

NYSE PAYC opened at $243.87 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.08. The firm has a market cap of $14.30 billion, a price-to-earnings ratio of 111.87, a price-to-earnings-growth ratio of 3.49 and a beta of 1.63. The stock has a fifty day moving average of $221.35. Paycom Software has a 52-week low of $100.87 and a 52-week high of $246.85.

Paycom Software (NYSE:PAYC) last issued its earnings results on Tuesday, April 30th. The software maker reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.07). Paycom Software had a net margin of 23.38% and a return on equity of 39.02%. The business had revenue of $199.90 million for the quarter, compared to analyst estimates of $195.53 million. During the same quarter last year, the firm posted $0.95 earnings per share. Paycom Software’s revenue was up 29.9% on a year-over-year basis. Sell-side analysts forecast that Paycom Software will post 2.6 earnings per share for the current year.

In other news, COO Jon Evans sold 2,373 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $191.27, for a total value of $453,883.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bradley Scott Smith sold 2,600 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $200.95, for a total transaction of $522,470.00. The disclosure for this sale can be found here. Insiders sold 34,120 shares of company stock valued at $7,000,605 in the last ninety days. Insiders own 16.09% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC boosted its holdings in shares of Paycom Software by 100.0% in the first quarter. Global Retirement Partners LLC now owns 200 shares of the software maker’s stock valued at $38,000 after buying an additional 100 shares during the period. CWM LLC acquired a new position in shares of Paycom Software in the first quarter valued at approximately $45,000. Pittenger & Anderson Inc. boosted its holdings in shares of Paycom Software by 1,125.0% in the first quarter. Pittenger & Anderson Inc. now owns 245 shares of the software maker’s stock valued at $46,000 after buying an additional 225 shares during the period. Icon Wealth Partners LLC acquired a new position in Paycom Software during the first quarter worth $53,000. Finally, Nordea Investment Management AB acquired a new position in Paycom Software during the first quarter worth $59,000. Institutional investors own 74.38% of the company’s stock.

Paycom Software Company Profile

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

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The Fly

Analyst Recommendations for Paycom Software (NYSE:PAYC)

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