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

Paycom Software, Inc. (NYSE:PAYC) has received a consensus rating of “Hold” from the eleven research firms that are currently covering the stock, Marketbeat.com reports. Ten 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 brokers that have updated their coverage on the stock in the last year is $226.90.

PAYC has been the subject of a number of recent research reports. BMO Capital Markets raised their target price on Paycom Software from $215.00 to $244.00 and gave the stock a “market perform” rating in a research note on Thursday, May 8th. Stifel Nicolaus upped their price objective on shares of Paycom Software from $187.00 to $215.00 and gave the company a “hold” rating in a report on Thursday, May 8th. Wall Street Zen cut shares of Paycom Software from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Barclays boosted their target price on shares of Paycom Software from $221.00 to $240.00 and gave the company an “equal weight” rating in a report on Thursday, May 8th. Finally, Piper Sandler lifted their price target on shares of Paycom Software from $224.00 to $246.00 and gave the company a “neutral” rating in a research report on Thursday, May 8th.

Insider Buying and Selling at Paycom Software

In other Paycom Software news, CEO Chad R. Richison sold 26,426 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $255.52, for a total transaction of $6,752,371.52. Following the sale, the chief executive officer now directly owns 3,277,249 shares in the company, valued at $837,402,664.48. This represents a 0.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Bradley Scott Smith sold 3,000 shares of the company’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 sale, the insider now directly owns 28,733 shares in the company, valued at $5,775,620.33. This represents a 9.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 149,426 shares of company stock valued at $36,577,802 in the last three months. 10.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Paycom Software

Hedge funds have recently bought and sold shares of the stock. Glass Jacobson Investment Advisors llc grew its stake in shares of Paycom Software by 746.7% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 127 shares of the software maker’s stock worth $26,000 after purchasing an additional 112 shares in the last quarter. von Borstel & Associates Inc. acquired a new stake in Paycom Software in the first quarter valued at $27,000. SouthState Corp purchased a new stake in Paycom Software during the 1st quarter worth about $27,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Paycom Software during the 4th quarter worth about $30,000. Finally, Golden State Wealth Management LLC boosted its position in shares of Paycom Software by 112.3% during the 1st quarter. Golden State Wealth Management LLC now owns 138 shares of the software maker’s stock worth $30,000 after acquiring an additional 73 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Paycom Software Trading Up 1.3%

NYSE:PAYC opened at $261.14 on Wednesday. The company has a market cap of $15.11 billion, a P/E ratio of 29.34, a P/E/G ratio of 2.40 and a beta of 0.80. Paycom Software has a twelve month low of $139.50 and a twelve month high of $262.80. The company’s 50-day moving average price is $229.17 and its 200-day moving average price is $220.07.

Paycom Software (NYSE:PAYC) last released its earnings results on Wednesday, May 7th. The software maker reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.62 by $0.18. Paycom Software had a net margin of 26.66% and a return on equity of 33.53%. The business had revenue of $530.50 million for the quarter, compared to analyst estimates of $522.92 million. During the same period last year, the company posted $2.59 EPS. The business’s revenue was up 6.1% on a year-over-year basis. On average, analysts expect that Paycom Software will post 7.15 earnings per share for the current year.

Paycom Software Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, May 27th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Tuesday, May 27th. Paycom Software’s dividend payout ratio (DPR) is 21.40%.

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.