Paycom Software, Inc. (NYSE:PAYC – Free Report) – Equities research analysts at Cantor Fitzgerald issued their FY2025 EPS estimates for Paycom Software in a research note issued to investors on Thursday, September 11th. Cantor Fitzgerald analyst M. Vanvliet forecasts that the software maker will post earnings per share of $7.46 for the year. Cantor Fitzgerald has a “Hold” rating on the stock. The consensus estimate for Paycom Software’s current full-year earnings is $7.15 per share. Cantor Fitzgerald also issued estimates for Paycom Software’s FY2026 earnings at $8.16 EPS.
Other equities research analysts also recently issued reports about the stock. Barclays lifted their price target on shares of Paycom Software from $240.00 to $250.00 and gave the company an “equal weight” rating in a research report on Thursday, August 7th. BMO Capital Markets lifted their price target on shares of Paycom Software from $244.00 to $258.00 and gave the company a “market perform” rating in a research report on Thursday, August 7th. JPMorgan Chase & Co. lifted their price target on shares of Paycom Software from $215.00 to $235.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Finally, KeyCorp lifted their price target on shares of Paycom Software from $285.00 to $290.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. One research analyst has rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, Paycom Software currently has a consensus rating of “Hold” and an average target price of $234.36.
Paycom Software Trading Down 1.6%
NYSE PAYC opened at $222.69 on Monday. Paycom Software has a 1-year low of $158.03 and a 1-year high of $267.76. The company has a 50 day moving average of $227.07 and a 200-day moving average of $229.72. The company has a market cap of $12.89 billion, a price-to-earnings ratio of 30.13, a PEG ratio of 2.45 and a beta of 0.81.
Paycom Software (NYSE:PAYC – Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.28. The firm had revenue of $483.60 million during the quarter, compared to the consensus estimate of $472.00 million. Paycom Software had a net margin of 21.22% and a return on equity of 25.40%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the business posted $1.62 earnings per share.
Paycom Software Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 8th. Shareholders of record on Monday, August 25th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, August 25th. Paycom Software’s payout ratio is currently 20.30%.
Institutional Trading of Paycom Software
A number of hedge funds and other institutional investors have recently modified their holdings of PAYC. Baillie Gifford & Co. grew its stake in shares of Paycom Software by 1,918.4% during the first quarter. Baillie Gifford & Co. now owns 1,584,493 shares of the software maker’s stock worth $346,180,000 after buying an additional 1,505,990 shares during the last quarter. Sylebra Capital LLC grew its stake in shares of Paycom Software by 63.8% during the fourth quarter. Sylebra Capital LLC now owns 3,215,085 shares of the software maker’s stock worth $658,996,000 after buying an additional 1,252,617 shares during the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of Paycom Software during the first quarter worth $114,440,000. Zurich Insurance Group Ltd FI bought a new stake in shares of Paycom Software during the fourth quarter worth $60,882,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Paycom Software during the fourth quarter worth $57,068,000. Institutional investors own 87.77% of the company’s stock.
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.
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