Paycom Software (PAYC) Stock Price, News & Analysis

19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Paycom Software in the last twelve months. There are currently 16 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PAYC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PAYC, but not buy additional shares or sell existing shares.
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19 Wall Street analysts have issued twelve-month price targets for Paycom Software's stock. Their PAYC share price targets range from $160.00 to $450.00. On average, they anticipate the company's share price to reach $257.18 in the next twelve months. This suggests a possible upside of 35.2% from the stock's current price.
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Paycom Software's stock was trading at $206.72 at the beginning of the year. Since then, PAYC stock has decreased by 8.0% and is now trading at $190.15.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our PAYC earnings forecast.

Paycom Software will be holding an earnings conference call on Wednesday, May 1st at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 929-458-6194 with passcode "192070".

Paycom Software, Inc. (NYSE:PAYC) posted its quarterly earnings data on Wednesday, February, 7th. The software maker reported $1.93 earnings per share for the quarter, beating analysts' consensus estimates of $1.78 by $0.15. The software maker had revenue of $434.60 million for the quarter, compared to the consensus estimate of $422.50 million. Paycom Software had a net margin of 20.12% and a trailing twelve-month return on equity of 24.60%. The company's quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.38 EPS.
Read the conference call transcript.

Paycom Software declared a quarterly dividend on Monday, February 5th. Investors of record on Monday, March 4th will be paid a dividend of $0.375 per share on Monday, March 18th. This represents a $1.50 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Friday, March 1st.
Read our dividend analysis for PAYC.

Paycom Software (NYSE:PAYC) pays an annual dividend of $1.50 per share and currently has a dividend yield of 0.76%. The dividend payout ratio is 25.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PAYC will have a dividend payout ratio of 21.74% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PAYC.

ETFs with the largest weight of Paycom Software (NYSE:PAYC) stock in their portfolio include Global X Cloud Computing ETF (CLOU), Direxion Daily Cloud Computing Bull 2x (CLDL), ERShares Entrepreneurs ETF (ENTR), Clouty Tune ETF (TUNE), WisdomTree Cloud Computing Fund (WCLD), Hartford Large Cap Growth ETF (HFGO), Invesco S&P 500 Equal Weight Industrials ETF (RGI) and Burney U.S. Factor Rotation ETF (BRNY).

Paycom Software declared that its board has initiated a share buyback program on Monday, August 15th 2022, which authorizes the company to repurchase $1,100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 4.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership believes its stock is undervalued.

Paycom Software updated its first quarter 2024 earnings guidance on Wednesday, February, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $494.0 million-$497.0 million, compared to the consensus revenue estimate of $500.5 million.

1,259 employees have rated Paycom Software Chief Executive Officer Chad Richison on Glassdoor.com. Chad Richison has an approval rating of 95% among the company's employees. This puts Chad Richison in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Paycom Software investors own include NVIDIA (NVDA), PayPal (PYPL), Alibaba Group (BABA), Shopify (SHOP), Trade Desk (TTD), Mastercard (MA), Block (SQ), Netflix (NFLX), Tesla (TSLA) and Adobe (ADBE).

Paycom Software's stock is owned by many different retail and institutional investors. Top institutional shareholders include Congress Asset Management Co. MA (0.89%), IMC Chicago LLC (0.00%), Sendero Wealth Management LLC (0.07%), Czech National Bank (0.01%), Banque Cantonale Vaudoise (0.01%) and Bennett Selby Investments LP (0.01%). Insiders that own company stock include Bradley Scott Smith, Chad R Richison, Christopher Gene Thomas, Craig E Boelte, Frederick C Peters II, Holly Faurot, J C Watts Jr, Jason D Clark, Jon Evans and Justin Devon Long.
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Shares of PAYC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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