Paycom Software (NYSE:PAYC) Price Target Lowered to $210.00 at UBS Group

Paycom Software (NYSE:PAYC) had its price objective trimmed by UBS Group from $245.00 to $210.00 in a report issued on Monday,Benzinga reports. The firm currently has a buy rating on the software maker’s stock.

Several other analysts also recently commented on the stock. Mizuho dropped their price objective on shares of Paycom Software from $220.00 to $180.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. BTIG Research assumed coverage on shares of Paycom Software in a research report on Wednesday, December 17th. They set a “buy” rating and a $195.00 target price for the company. KeyCorp lowered their price target on shares of Paycom Software from $290.00 to $250.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Paycom Software in a research note on Monday, December 29th. Finally, Citigroup decreased their price objective on Paycom Software from $191.00 to $185.00 and set a “neutral” rating for the company in a report on Tuesday, December 23rd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $209.64.

Paycom Software Trading Down 2.9%

NYSE:PAYC opened at $147.80 on Monday. The company has a market capitalization of $8.32 billion, a P/E ratio of 18.38, a PEG ratio of 1.56 and a beta of 0.82. Paycom Software has a 12 month low of $142.88 and a 12 month high of $267.76. The firm has a fifty day simple moving average of $159.25 and a 200-day simple moving average of $193.27.

Paycom Software (NYSE:PAYC) last released its earnings results on Wednesday, November 5th. The software maker reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.96 by ($0.02). Paycom Software had a net margin of 22.65% and a return on equity of 24.79%. The firm had revenue of $493.30 million during the quarter, compared to analyst estimates of $492.62 million. During the same period in the previous year, the company earned $1.67 earnings per share. Paycom Software’s revenue was up 9.2% on a year-over-year basis. Equities analysts forecast that Paycom Software will post 7.15 EPS for the current year.

Paycom Software Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Monday, November 24th were given a dividend of $0.375 per share. The ex-dividend date was Monday, November 24th. This represents a $1.50 dividend on an annualized basis and a yield of 1.0%. Paycom Software’s dividend payout ratio is currently 18.66%.

Insiders Place Their Bets

In related news, CFO Robert D. Foster sold 1,300 shares of Paycom Software stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $162.66, for a total value of $211,458.00. Following the sale, the chief financial officer directly owned 14,747 shares in the company, valued at approximately $2,398,747.02. The trade was a 8.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 10.90% of the company’s stock.

Institutional Trading of Paycom Software

A number of hedge funds have recently bought and sold shares of PAYC. Allianz Asset Management GmbH increased its stake in shares of Paycom Software by 10,106.6% in the 3rd quarter. Allianz Asset Management GmbH now owns 486,957 shares of the software maker’s stock worth $101,355,000 after acquiring an additional 482,186 shares during the last quarter. Two Sigma Investments LP grew its holdings in shares of Paycom Software by 228.7% in the third quarter. Two Sigma Investments LP now owns 532,124 shares of the software maker’s stock valued at $110,756,000 after purchasing an additional 370,219 shares during the period. Woodline Partners LP acquired a new stake in Paycom Software during the third quarter worth about $58,452,000. Robeco Institutional Asset Management B.V. increased its position in Paycom Software by 230.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 341,286 shares of the software maker’s stock worth $54,387,000 after purchasing an additional 238,155 shares during the last quarter. Finally, Jennison Associates LLC purchased a new position in Paycom Software during the second quarter worth about $49,853,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

About Paycom Software

Paycom Software, Inc (NYSE: PAYC) is a cloud-based human capital management (HCM) software provider that delivers an end-to-end solution for human resources, payroll, talent acquisition, time and labor management, and talent management. Its single-database platform enables organizations to process payroll, track time, administer benefits, and manage recruiting and employee development through a unified system. Paycom’s software is designed to streamline administrative tasks, improve data accuracy, and provide real-time reporting and analytics to support strategic HR decisions.

The company’s core offerings include payroll processing with built-in tax compliance, employee self-service functionality, automated time tracking, and customizable talent acquisition tools that allow employers to create and post job requisitions, screen candidates, and conduct onboarding electronically.