Paycom Software (NYSE:PAYC) Upgraded at Zacks Research

Zacks Research upgraded shares of Paycom Software (NYSE:PAYC) from a strong sell rating to a hold rating in a research report sent to investors on Wednesday morning,Zacks.com reports.

Other research analysts have also issued research reports about the stock. Cantor Fitzgerald dropped their price objective on shares of Paycom Software from $135.00 to $115.00 and set a “neutral” rating for the company in a report on Thursday, February 12th. JPMorgan Chase & Co. dropped their price target on shares of Paycom Software from $235.00 to $220.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Mizuho cut their price target on shares of Paycom Software from $180.00 to $120.00 and set a “neutral” rating on the stock in a report on Thursday, February 12th. BTIG Research decreased their price objective on Paycom Software from $195.00 to $140.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Finally, Weiss Ratings lowered Paycom Software from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 3rd. Five equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $168.57.

Paycom Software Stock Performance

Shares of NYSE:PAYC opened at $114.82 on Wednesday. Paycom Software has a 52-week low of $104.90 and a 52-week high of $267.76. The company has a market capitalization of $6.46 billion, a PE ratio of 14.19, a price-to-earnings-growth ratio of 1.32 and a beta of 0.79. The company has a fifty day moving average of $145.91 and a 200-day moving average of $180.25.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Wednesday, February 11th. The software maker reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.01. Paycom Software had a return on equity of 24.25% and a net margin of 22.10%.The company had revenue of $544.30 million for the quarter, compared to the consensus estimate of $542.79 million. During the same quarter last year, the business posted $2.32 EPS. Paycom Software’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, equities analysts forecast that Paycom Software will post 7.15 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Monday, March 9th will be issued a $0.375 dividend. The ex-dividend date is Monday, March 9th. This represents a $1.50 annualized dividend and a yield of 1.3%. Paycom Software’s payout ratio is presently 18.54%.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Paycom Software

Several institutional investors and hedge funds have recently made changes to their positions in the business. UMB Bank n.a. increased its holdings in Paycom Software by 7.6% in the third quarter. UMB Bank n.a. now owns 789 shares of the software maker’s stock worth $164,000 after purchasing an additional 56 shares in the last quarter. ORG Wealth Partners LLC increased its stake in shares of Paycom Software by 4.4% in the 3rd quarter. ORG Wealth Partners LLC now owns 1,390 shares of the software maker’s stock valued at $289,000 after acquiring an additional 59 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of Paycom Software by 4.0% during the 3rd quarter. Mackenzie Financial Corp now owns 1,624 shares of the software maker’s stock valued at $338,000 after acquiring an additional 63 shares during the period. World Investment Advisors lifted its position in shares of Paycom Software by 5.1% during the 2nd quarter. World Investment Advisors now owns 1,352 shares of the software maker’s stock valued at $313,000 after acquiring an additional 66 shares during the period. Finally, Davis Investment Partners LLC boosted its stake in Paycom Software by 2.3% during the fourth quarter. Davis Investment Partners LLC now owns 2,988 shares of the software maker’s stock worth $455,000 after acquiring an additional 68 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Paycom Software Company Profile

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.