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

Paycom Software, Inc. (NYSE:PAYC) has earned a consensus recommendation of “Hold” from the sixteen research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $225.7692.

A number of equities research analysts have commented on the company. TD Cowen reduced their target price on Paycom Software from $258.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Cantor Fitzgerald raised shares of Paycom Software to a “hold” rating in a research note on Thursday, September 11th. Barclays dropped their target price on shares of Paycom Software from $225.00 to $210.00 and set an “equal weight” rating for the company in a report on Thursday, November 6th. Jefferies Financial Group decreased their price target on Paycom Software from $225.00 to $190.00 and set a “hold” rating on the stock in a research note on Thursday, November 6th. Finally, Guggenheim started coverage on Paycom Software in a report on Friday, September 26th. They issued a “buy” rating and a $270.00 price objective on the stock.

Insider Buying and Selling

In other Paycom Software news, insider Bradley Scott Smith sold 1,500 shares of the business’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $223.27, for a total value of $334,905.00. Following the completion of the transaction, the insider owned 24,533 shares in the company, valued at $5,477,482.91. The trade was a 5.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 10.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Paycom Software

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Paycom Software by 3.2% during the third quarter. Vanguard Group Inc. now owns 5,802,788 shares of the software maker’s stock worth $1,207,792,000 after buying an additional 179,218 shares in the last quarter. State Street Corp boosted its holdings in Paycom Software by 2.8% in the third quarter. State Street Corp now owns 2,157,127 shares of the software maker’s stock valued at $448,984,000 after purchasing an additional 59,217 shares in the last quarter. Baillie Gifford & Co. lifted its position in Paycom Software by 10.3% in the third quarter. Baillie Gifford & Co. now owns 1,708,662 shares of the software maker’s stock valued at $355,641,000 after acquiring an additional 158,967 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Paycom Software by 5.3% in the second quarter. Geode Capital Management LLC now owns 1,661,685 shares of the software maker’s stock valued at $383,265,000 after acquiring an additional 83,154 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Paycom Software by 5.0% during the first quarter. Invesco Ltd. now owns 1,233,057 shares of the software maker’s stock worth $269,398,000 after buying an additional 58,176 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Paycom Software Trading Down 1.6%

Shares of PAYC stock opened at $161.40 on Wednesday. Paycom Software has a twelve month low of $156.50 and a twelve month high of $267.76. The company’s 50-day moving average price is $197.80 and its 200-day moving average price is $223.29. The stock has a market cap of $9.08 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 1.79 and a beta of 0.88.

Paycom Software (NYSE:PAYC) last issued its earnings results on Wednesday, November 5th. The software maker reported $1.94 EPS for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.02). The firm had revenue of $493.30 million for the quarter, compared to analysts’ expectations of $492.62 million. Paycom Software had a return on equity of 24.79% and a net margin of 22.65%.Paycom Software’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period last year, the firm earned $1.67 earnings per share. Paycom Software has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Paycom Software will post 7.15 EPS for the current year.

Paycom Software Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 8th. Investors of record on Monday, November 24th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, November 24th. Paycom Software’s dividend payout ratio is presently 18.66%.

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.