Paycom Software, Inc. (PAYC) Reaches $115.35 High on Apr, 17; Canon Inc. (CAJ) Had 1 Analysts Last Week

April 17, 2018 - By Maria Brooks

Paycom Software, Inc. (NYSE:PAYC) Logo

The stock of Paycom Software, Inc. (NYSE:PAYC) reached all time high today, Apr, 17 and still has $121.12 target or 5.00% above today’s $115.35 share price. This indicates more upside for the $6.81 billion company. This technical setup was reported by Barchart.com. If the $121.12 PT is reached, the company will be worth $340.65 million more. The stock increased 2.98% or $3.34 during the last trading session, reaching $115.35. About 532,154 shares traded. Paycom Software, Inc. (NYSE:PAYC) has risen 92.63% since April 17, 2017 and is uptrending. It has outperformed by 81.08% the S&P500.

Among 3 analysts covering Canon (NYSE:CAJ), 1 have Buy rating, 1 Sell and 1 Hold. Therefore 33% are positive. Canon had 5 analyst reports since November 20, 2015 according to SRatingsIntel. On Friday, November 20 the stock rating was downgraded by Macquarie Research to “Neutral”. The rating was downgraded by JP Morgan to “Neutral” on Thursday, January 7. CLSA upgraded the stock to “Outperform” rating in Friday, November 25 report. The firm earned “Underweight” rating on Wednesday, October 26 by JP Morgan. The stock has “Underperform” rating by CLSA on Friday, July 15. See Canon Inc. (NYSE:CAJ) latest ratings:

Paycom Software, Inc. provides cloud human capital management software solution that is delivered as software-as-a-service for small to mid-sized companies in the United States. The company has market cap of $6.81 billion. It provides functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement. It has a 101.72 P/E ratio. 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 service applications; 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 applications.

Analysts await Paycom Software, Inc. (NYSE:PAYC) to report earnings on May, 1 after the close. They expect $0.78 earnings per share, up 77.27% or $0.34 from last year’s $0.44 per share. PAYC’s profit will be $46.07 million for 36.97 P/E if the $0.78 EPS becomes a reality. After $0.24 actual earnings per share reported by Paycom Software, Inc. for the previous quarter, Wall Street now forecasts 225.00% EPS growth.

Among 18 analysts covering Paycom Software (NYSE:PAYC), 11 have Buy rating, 0 Sell and 7 Hold. Therefore 61% are positive. Paycom Software had 67 analyst reports since August 5, 2015 according to SRatingsIntel. As per Wednesday, November 1, the company rating was maintained by JP Morgan. The firm has “Buy” rating by Northland Capital given on Thursday, January 11. The firm has “Hold” rating given on Tuesday, January 23 by Mizuho. The firm earned “Neutral” rating on Monday, July 10 by Mizuho. The firm earned “Overweight” rating on Tuesday, February 13 by KeyBanc Capital Markets. Robert W. Baird initiated Paycom Software, Inc. (NYSE:PAYC) on Thursday, January 7 with “Outperform” rating. Stifel Nicolaus maintained the shares of PAYC in report on Thursday, June 16 with “Buy” rating. RBC Capital Markets maintained Paycom Software, Inc. (NYSE:PAYC) on Wednesday, July 19 with “Hold” rating. The company was maintained on Wednesday, September 13 by Barclays Capital. Credit Suisse maintained Paycom Software, Inc. (NYSE:PAYC) on Wednesday, August 2 with “Outperform” rating.

Canon Inc. manufactures and sells office multifunction devices , plain paper copying machines, laser and inkjet printers, cameras, and lithography equipment. The company has market cap of $39.80 billion. The firm operates in three divisions: Office Business Unit, Imaging System Business Unit, and Industry and Others Business Unit. It has a 17.47 P/E ratio. The Office Business Unit segment makes, markets, and services a range of office MFDs, printers, copying machines for personal and office use, production print products for print professionals, laser multifunction printers, digital production printing systems, continuous feed printers, wide-format printers, and document solutions, as well as provides software, services, and solutions.

Paycom Software, Inc. (NYSE:PAYC) Ratings Chart

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