Paycom Software, Inc. (NYSE:PAYC) Receives Consensus Recommendation of “Hold” from Brokerages

Paycom Software, Inc. (NYSE:PAYC) has been assigned a consensus rating of “Hold” from the twelve ratings firms that are presently covering the firm, Marketbeat reports. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $193.67.

A number of brokerages have commented on PAYC. StockNews.com downgraded shares of Paycom Software from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a research report on Thursday, August 1st. Barclays increased their target price on Paycom Software from $172.00 to $181.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Mizuho lifted their price target on Paycom Software from $170.00 to $190.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Finally, Citigroup increased their price objective on Paycom Software from $172.00 to $196.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st.

Paycom Software Stock Performance

NYSE PAYC opened at $228.77 on Friday. The firm’s fifty day moving average is $173.56 and its two-hundred day moving average is $164.64. Paycom Software has a one year low of $139.50 and a one year high of $233.69. The firm has a market cap of $13.19 billion, a PE ratio of 27.53, a P/E/G ratio of 3.09 and a beta of 1.14.

Paycom Software Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, November 25th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Monday, November 25th. Paycom Software’s dividend payout ratio is currently 18.05%.

Insider Activity

In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $155.63, for a total transaction of $303,478.50. Following the transaction, the chief executive officer now directly owns 2,978,858 shares of the company’s stock, valued at $463,599,670.54. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Chad R. Richison sold 1,950 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $155.63, for a total transaction of $303,478.50. Following the sale, the chief executive officer now directly owns 2,978,858 shares in the company, valued at approximately $463,599,670.54. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Craig E. Boelte sold 11,882 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $155.98, for a total value of $1,853,354.36. Following the completion of the transaction, the chief financial officer now owns 294,849 shares of the company’s stock, valued at approximately $45,990,547.02. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 70,382 shares of company stock valued at $11,805,199 in the last ninety days. Company insiders own 14.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PAYC. Armstrong Advisory Group Inc. acquired a new position in Paycom Software during the 3rd quarter worth $26,000. Ashton Thomas Private Wealth LLC bought a new stake in Paycom Software in the second quarter valued at about $25,000. MFA Wealth Advisors LLC acquired a new stake in Paycom Software during the second quarter valued at approximately $26,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Paycom Software during the 2nd quarter worth approximately $27,000. Finally, First Horizon Advisors Inc. lifted its holdings in Paycom Software by 821.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 212 shares of the software maker’s stock worth $35,000 after buying an additional 189 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Paycom Software Company Profile

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.