Paycom Software, Inc. (NYSE:PAYC) Given Consensus Recommendation of “Hold” by Brokerages

Paycom Software, Inc. (NYSE:PAYC) has earned a consensus recommendation of “Hold” from the seventeen ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $168.5714.

Several research analysts recently weighed in on the stock. KeyCorp cut their target price on shares of Paycom Software from $250.00 to $195.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. Cantor Fitzgerald cut their price objective on shares of Paycom Software from $135.00 to $115.00 and set a “neutral” rating for the company in a research report on Thursday, February 12th. BMO Capital Markets reduced their price objective on shares of Paycom Software from $175.00 to $137.00 and set a “market perform” rating on the stock in a research note on Thursday, February 12th. TD Cowen lowered their target price on shares of Paycom Software from $200.00 to $184.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. Finally, Citigroup reduced their price target on Paycom Software from $185.00 to $128.00 and set a “neutral” rating on the stock in a research note on Friday, February 13th.

Insider Transactions at Paycom Software

In other Paycom Software 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 completion of the sale, the chief financial officer owned 14,747 shares in the company, valued at $2,398,747.02. The trade was a 8.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 10.90% of the company’s stock.

Institutional Investors Weigh In On Paycom Software

Several hedge funds have recently modified their holdings of PAYC. Brighton Jones LLC acquired a new position in Paycom Software during the fourth quarter worth approximately $638,000. AQR Capital Management LLC raised its position in shares of Paycom Software by 23.7% in the 1st quarter. AQR Capital Management LLC now owns 19,155 shares of the software maker’s stock worth $4,136,000 after buying an additional 3,674 shares during the period. United Services Automobile Association purchased a new stake in Paycom Software during the first quarter valued at about $215,000. Empowered Funds LLC increased its stake in Paycom Software by 22.8% during the first quarter. Empowered Funds LLC now owns 7,958 shares of the software maker’s stock worth $1,739,000 after acquiring an additional 1,480 shares during the last quarter. Finally, Focus Partners Wealth raised its holdings in shares of Paycom Software by 220.8% in the 1st quarter. Focus Partners Wealth now owns 3,940 shares of the software maker’s stock worth $861,000 after purchasing an additional 2,712 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

Paycom Software Stock Performance

PAYC stock opened at $129.85 on Friday. The stock’s 50 day moving average price is $142.54 and its 200 day moving average price is $177.32. The firm has a market cap of $7.05 billion, a P/E ratio of 16.05, a PEG ratio of 1.35 and a beta of 0.79. Paycom Software has a 1 year low of $104.90 and a 1 year high of $267.76.

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Wednesday, February 11th. The software maker reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $542.79 million. During the same period in the previous year, the firm posted $2.32 earnings per share. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, research analysts predict that Paycom Software will post 7.15 earnings per share for the current year.

Paycom Software Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Monday, March 9th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.2%. The ex-dividend date is Monday, March 9th. Paycom Software’s dividend payout ratio is presently 18.54%.

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.