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.
View PAYC analyst ratings or view top-rated stocks.

19 Wall Street research analysts have issued 12-month price targets for Paycom Software's shares. Their PAYC share price targets range from $160.00 to $450.00. On average, they predict the company's stock price to reach $257.18 in the next year. This suggests a possible upside of 39.1% from the stock's current price.
View analysts price targets for PAYC or view top-rated stocks among Wall Street analysts.

Paycom Software's stock was trading at $206.72 at the start of the year. Since then, PAYC shares have decreased by 10.6% and is now trading at $184.87.
View the best growth stocks for 2024 here.

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

Paycom Software declared a quarterly dividend on Monday, February 5th. Shareholders 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 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend 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 0.79%. 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), ERShares Entrepreneurs ETF (ENTR), Clouty Tune ETF (TUNE), Direxion Daily Cloud Computing Bull 2x (CLDL), WisdomTree Cloud Computing Fund (WCLD), Hartford Large Cap Growth ETF (HFGO), Invesco S&P 500 Equal Weight Industrials ETF (RGI) and Cultivar ETF (CVAR).

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

Paycom Software updated its first quarter 2024 earnings guidance on Wednesday, February, 7th. The company provided earnings per share 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 a variety of institutional and retail investors. Top institutional shareholders include Congress Asset Management Co. MA (0.89%), IMC Chicago LLC (0.00%), Congress Wealth Management LLC DE (0.11%), Sendero Wealth Management LLC (0.07%), Czech National Bank (0.01%) and Banque Cantonale Vaudoise (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.
View institutional ownership trends.

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.
Compare Top Brokerages Here.