Paycom Software (NYSE:PAYC) Rating Kept
Mizuho Securities have a $80.0 price target on the stock. The price target would suggest a potential downside of -2.68 % from Paycom Software (NYSE:PAYC)’s stock close price. This rating was disclosed in analysts note on Wednesday morning.
NYSE:PAYC is currently trading 2.69% higher at $82.45 as of 4:08 AM New York time. Paycom Software’s stock is 0% in the last 200 days. It has underperformed the S&P500, which has increased 6.00% in the same time period.
Out of 11 analysts covering Paycom Software, 0 rate it a Buy, 0 indicate a Hold while 0 suggest a Sell. The highest target is $55 and the lowest is $43 according to Thomson/First Call. The 12-month mean target is $48, which means downside potential of 41.78% over the current price.
Paycom Software (NYSE:PAYC) Profile
Paycom Software, Inc. is a provider of a cloud-based human capital management (HCM) software solution delivered as Software-as-a-Service (SaaS). The Company provides functionality and data analytics that businesses need to manage the complete employment life cycle from recruitment to retirement. The Company’s applications streamline client processes and provide clients and their employees with the ability to directly access and manage administrative processes, including applications that identify candidates, on-board employees, manage time and labor, administer payroll deductions and benefits, manage performance, terminate employees and administer post-termination health benefits, such as COBRA.
Paycom Software (NYSE:PAYC) traded up 2.69% on 7 February, hitting $82.45. A total of 167,002 shares of the company’s stock traded hands. This is down from average of 490,867 shares. Paycom Software has a 52 week low of $39.15 and a 52 week high of $83.11. The company has a market cap of $4.88B and a P/E ratio of 77.6.
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The post Mizuho Securities Reiterates a Neutral Rating on Paycom Software (NYSE:PAYC) and $80.0 Target appeared first on Octafinance.