Providing a diverse range of perspectives from bullish to bearish, 5 analysts have published ratings on Paycom Software PAYC in the last three months.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 0 | 3 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 0 | 1 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 1 | 0 | 1 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Paycom Software, presenting an average target of $212.6, a high estimate of $250.00, and a low estimate of $185.00. Experiencing a 3.36% decline, the current average is now lower than the previous average price target of $220.00.
Deciphering Analyst Ratings: An In-Depth Analysis
A clear picture of Paycom Software's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Steven Enders | Citigroup | Lowers | Neutral | $198.00 | $205.00 |
| Kevin Mcveigh | UBS | Raises | Buy | $250.00 | $235.00 |
| Samad Samana | Jefferies | Announces | Hold | $195.00 | - |
| Arvind Ramnani | Piper Sandler | Maintains | Neutral | $185.00 | - |
| Kevin Mcveigh | UBS | Announces | Buy | $235.00 | - |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Paycom Software. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Paycom Software compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Paycom Software's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on Paycom Software analyst ratings.
All You Need to Know About Paycom Software
Paycom is a fast-growing provider of payroll and human capital management, or HCM, software primarily targeting clients with 50-10,000 employees in the United States. Paycom was established in 1998 and services about 19,000 clients as of 2022, based on parent company grouping. Alongside its core payroll software, Paycom offers various HCM add-on modules, including time and attendance, talent management, and benefits administration.
Paycom Software's Economic Impact: An Analysis
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Growth: Over the 3 months period, Paycom Software showcased positive performance, achieving a revenue growth rate of 21.59% as of 30 September, 2023. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: Paycom Software's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 18.51%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Paycom Software's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 5.32%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Paycom Software's ROA excels beyond industry benchmarks, reaching 1.93%. This signifies efficient management of assets and strong financial health.
Debt Management: Paycom Software's debt-to-equity ratio is below the industry average at 0.02, reflecting a lower dependency on debt financing and a more conservative financial approach.
Understanding the Relevance of Analyst Ratings
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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