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

Paycom Software, Inc. (NYSE:PAYC) has been assigned an average rating of “Hold” from the seventeen ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $170.7143.

A number of equities analysts have recently weighed in on PAYC shares. Mizuho dropped their price target on shares of Paycom Software from $180.00 to $120.00 and set a “neutral” rating on the stock in a research note on Thursday, February 12th. Zacks Research raised shares of Paycom Software from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. BMO Capital Markets dropped their price target 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. Citigroup dropped their price target on shares of Paycom Software from $185.00 to $128.00 and set a “neutral” rating on the stock in a research note on Friday, February 13th. Finally, Guggenheim dropped their price target on shares of Paycom Software from $210.00 to $180.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th.

Paycom Software Stock Up 1.0%

Shares of NYSE:PAYC opened at $126.74 on Friday. The company’s fifty day moving average is $124.18 and its two-hundred day moving average is $153.07. Paycom Software has a 12-month low of $104.90 and a 12-month high of $267.76. The company has a market cap of $6.04 billion, a P/E ratio of 15.67, a price-to-earnings-growth ratio of 1.32 and a beta of 0.79.

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

Paycom Software Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Monday, March 9th were paid a $0.375 dividend. The ex-dividend date of this dividend was Monday, March 9th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.2%. Paycom Software’s dividend payout ratio is 18.54%.

Hedge Funds Weigh In On Paycom Software

A number of hedge funds have recently modified their holdings of PAYC. Hsbc Holdings PLC increased its position in Paycom Software by 25.5% during the fourth quarter. Hsbc Holdings PLC now owns 98,103 shares of the software maker’s stock worth $15,651,000 after buying an additional 19,937 shares during the last quarter. Corient Private Wealth LLC increased its position in Paycom Software by 218.3% during the fourth quarter. Corient Private Wealth LLC now owns 14,217 shares of the software maker’s stock worth $2,266,000 after buying an additional 9,750 shares during the last quarter. Union Savings Bank acquired a new position in Paycom Software during the fourth quarter worth $80,000. Caitong International Asset Management Co. Ltd increased its position in Paycom Software by 66,500.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 666 shares of the software maker’s stock worth $106,000 after buying an additional 665 shares during the last quarter. Finally, MidFirst Bank acquired a new position in Paycom Software during the fourth quarter worth $802,000. 87.77% of the stock is owned by institutional investors and hedge funds.

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.