11 Analysts Evaluate Paycom Software: What You Need to Know – Paycom Software (NYSE:PAYC)
Paycom Software Rating PAYC The last three months are provided by 11 analysts, showing both bullish and bearish views.
The table below summarizes their most recent ratings, revealing how sentiment has changed over the past 30 days, and comparing it to previous months.
| bullish | somewhat bullish | indifferent | A bit bearish | Bearish | |
|---|---|---|---|---|---|
| Overall rating | 0 | 0 | 11 | 0 | 0 |
| last 30 days | 0 | 0 | 1 | 0 | 0 |
| 1 million years ago | 0 | 0 | 1 | 0 | 0 |
| 2M ago | 0 | 0 | 3 | 0 | 0 |
| 3M ago | 0 | 0 | 6 | 0 | 0 |
When assessing 12-month price targets, analysts proclaimed their insights for Paycom Software, giving an average target of $208.18, with a high estimate of $260.00 and a low estimate of $175.00. This upward trend is evident, with the current average price representing a 10.63% increase from the previous average price target of $188.18.
Analyst Ratings: A closer look
A look at what financial experts think of Paycom Software through recent analyst action. The following summary profiles the leading analysts, their most recent assessments, and changes to ratings and price targets.
| analyst | Analyst Company | action taken | grade | Current price target | Previous price target |
|---|---|---|---|---|---|
| Remo Renshaw | barclays bank | reduce | Equal weight | $221.00 | $229.00 |
| Steven Enders | Citigroup | reduce | neutral | $221.00 | $234.00 |
| Siti Panigrahi | Mizuho | improve | neutral | $210.00 | $190.00 |
| Daniel Jester | BMO Capital | improve | market performance | $260.00 | $197.00 |
| Jared Levine | TD Cowan | improve | catch | $248.00 | $193.00 |
| Siti Panigrahi | Mizuho | improve | neutral | $190.00 | $170.00 |
| Steven Enders | Citigroup | improve | neutral | $196.00 | $172.00 |
| Remo Renshaw | barclays bank | improve | Equal weight | $181.00 | $172.00 |
| Samad Samana | Jeffries | improve | catch | $175.00 | $170.00 |
| Daniel Jester | BMO Capital | improve | market performance | $197.00 | $183.00 |
| Arvind Ramnani | Piper Sandler | improve | neutral | $191.00 | $160.00 |
Key insights:
- Action taken: Analysts frequently update their recommendations based on changing market conditions and company performance. Whether they “maintain,” “raise,” or “lower” their stance reflects their reaction to the latest developments related to Paycom Software. This information provides a snapshot of how analysts view a company’s current situation.
- grade: By analyzing trends, analysts provide qualitative assessments ranging from “outperform” to “underperform.” These ratings convey expectations for Paycom Software’s relative performance compared to the broader market.
- Price target: Analysts provide insights on price targets and estimate the future value of Paycom Software stock. This comparison reveals trends in analyst expectations over time.
For valuable insights into the Paycom Software market performance, consider these analyst reviews, along with key financial metrics. Use our ratings form to stay informed and make prudent decisions.
Stay up to date with the latest ratings from Paycom Software analysts.
A Deep Dive into the Background of Paycom Software
Paycom is a rapidly growing provider of payroll and human capital management software, targeting customers with 50-10,000 employees in the United States. Paycom was founded in 1998 and as of 2023, it served approximately 19,500 customers according to the parent group. In addition to its core payroll software, Paycom offers a variety of HCM add-on modules, including attendance, talent management, and benefits management.
The Economic Impact of Paycom Software: Analysis
Market value analysis: The company’s market capitalization exceeds the industry average and displays dominant size relative to its peers, indicating a strong market position.
Revenue growth: Paycom Software’s impressive 3-month performance is evident. The company achieved an impressive revenue growth rate through September 30, 2024 11.23%. This marks a significant increase in the company’s revenue. Compared to competitors, the company’s growth rate is above the average of its industrial peers and beating expectations.
net income: The company’s net profit margin performance is excellent and exceeds the industry average. Impressive net profit margin 16.21%, The company has strong profitability and effective cost control.
Return on Equity (ROE): The company’s ROE performs well and beats the industry average. Has an impressive ROE 5.07%, The company’s equity capital is used effectively.
Return on assets (ROA): Paycom Software’s ROA exceeds industry standards, underscoring the company’s superior financial performance. has an impressive 1.88% ROA, a company uses its assets efficiently to get the best return.
Debt Management: Paycom Software’s debt-to-equity ratio is below the industry average 0.06reflecting a lower reliance on debt financing and a more conservative financial approach.
The core of analyst ratings: What every investor should know
Benzinga tracks 150 analyst firms and reports their stock estimates. Analysts typically arrive at their conclusions by predicting how much money the company will make in the future (usually over the next five years) and the risk or predictability of the company’s revenue streams.
Analysts participate in company calls and meetings, study company financial statements, and communicate with insiders to issue their ratings on stocks. Analysts typically rate each stock quarterly, or whenever the company has a major update.
Some analysts publish forecasts on metrics such as growth expectations, earnings and revenue to provide additional guidance for their ratings. When using analyst ratings, it’s important to remember that stock and industry analysts are human and simply provide their opinions to investors.
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