Paycom Software, Inc. (NYSE:PAYC) Receives Average Rating of “Hold” from Analysts

Shares of Paycom Software, Inc. (NYSE:PAYC) have been given a consensus rating of “Hold” by the twelve ratings firms that are covering the stock, Marketbeat.com reports. Eleven investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $212.80.

PAYC has been the topic of a number of research reports. TD Cowen upped their target price on Paycom Software from $193.00 to $248.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Piper Sandler upped their price objective on shares of Paycom Software from $191.00 to $224.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Mizuho lifted their price objective on shares of Paycom Software from $190.00 to $210.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Stifel Nicolaus decreased their target price on shares of Paycom Software from $215.00 to $187.00 and set a “hold” rating for the company in a research report on Thursday, February 13th. Finally, StockNews.com cut shares of Paycom Software from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th.

Insider Buying and Selling

In other Paycom Software news, insider Bradley Scott Smith sold 3,000 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $201.01, for a total value of $603,030.00. Following the completion of the sale, the insider now directly owns 28,733 shares of the company’s stock, valued at $5,775,620.33. This trade represents a 9.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Randall Peck sold 3,600 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $212.19, for a total value of $763,884.00. Following the completion of the sale, the chief operating officer now owns 50,665 shares in the company, valued at approximately $10,750,606.35. The trade was a 6.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,100 shares of company stock valued at $1,476,024. 14.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Paycom Software

Several large investors have recently added to or reduced their stakes in the company. Glass Jacobson Investment Advisors llc lifted its holdings in Paycom Software by 746.7% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 127 shares of the software maker’s stock valued at $26,000 after purchasing an additional 112 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in shares of Paycom Software in the fourth quarter valued at approximately $30,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Paycom Software by 135.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the software maker’s stock valued at $33,000 after buying an additional 87 shares in the last quarter. Putney Financial Group LLC bought a new position in Paycom Software in the 4th quarter worth approximately $39,000. Finally, IFP Advisors Inc boosted its holdings in Paycom Software by 635.7% in the 4th quarter. IFP Advisors Inc now owns 206 shares of the software maker’s stock worth $43,000 after buying an additional 178 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Paycom Software Trading Down 1.1 %

NYSE:PAYC opened at $195.90 on Tuesday. The firm has a fifty day simple moving average of $212.58 and a two-hundred day simple moving average of $205.59. Paycom Software has a 12 month low of $139.50 and a 12 month high of $242.74. The stock has a market capitalization of $11.22 billion, a price-to-earnings ratio of 22.01, a PEG ratio of 2.40 and a beta of 0.97.

Paycom Software (NYSE:PAYC) last issued its earnings results on Wednesday, February 12th. The software maker reported $2.02 EPS for the quarter, beating the consensus estimate of $1.99 by $0.03. Paycom Software had a return on equity of 33.53% and a net margin of 26.66%. Equities analysts predict that Paycom Software will post 7.15 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Monday, March 10th. Paycom Software’s payout ratio is 16.85%.

About Paycom Software

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.