Paycom Software (NYSE:PAYC) Given New $183.00 Price Target at UBS Group

Paycom Software (NYSE:PAYC) had its target price cut by UBS Group from $210.00 to $183.00 in a report issued on Tuesday,Benzinga reports. They currently have a buy rating on the software maker’s stock.

Several other research firms also recently weighed in on PAYC. Weiss Ratings downgraded Paycom Software from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, February 3rd. TD Cowen cut their target price on shares of Paycom Software from $200.00 to $184.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Zacks Research upgraded shares of Paycom Software from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 18th. Jefferies Financial Group decreased their price target on shares of Paycom Software from $190.00 to $130.00 and set a “hold” rating for the company in a research note on Thursday, February 12th. Finally, Guggenheim dropped their price objective 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. Five equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Paycom Software currently has a consensus rating of “Hold” and a consensus price target of $168.79.

Paycom Software Stock Performance

Shares of PAYC stock opened at $130.39 on Tuesday. The stock’s 50-day moving average is $124.36 and its two-hundred day moving average is $151.37. Paycom Software has a 1 year low of $104.90 and a 1 year high of $267.76. The firm has a market cap of $6.22 billion, a price-to-earnings ratio of 16.12, a PEG ratio of 1.40 and a beta of 0.79.

Paycom Software (NYSE:PAYC) last posted its earnings results 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. The business had revenue of $544.30 million during the quarter, compared to the consensus estimate of $542.79 million. Paycom Software had a return on equity of 24.25% and a net margin of 22.10%.The business’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.32 EPS. As a group, research analysts predict that Paycom Software will post 8.59 EPS for the current year.

Paycom Software Announces Dividend

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 dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Monday, March 9th. Paycom Software’s dividend payout ratio is 18.54%.

Institutional Investors Weigh In On Paycom Software

Several hedge funds have recently modified their holdings of PAYC. True Wealth Design LLC raised its position in Paycom Software by 946.7% during the 4th quarter. True Wealth Design LLC now owns 157 shares of the software maker’s stock worth $25,000 after buying an additional 142 shares during the last quarter. Brown Brothers Harriman & Co. lifted its stake in shares of Paycom Software by 190.6% in the 4th quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker’s stock worth $25,000 after acquiring an additional 101 shares during the period. Clearstead Advisors LLC boosted its holdings in shares of Paycom Software by 140.3% in the fourth quarter. Clearstead Advisors LLC now owns 161 shares of the software maker’s stock valued at $26,000 after acquiring an additional 94 shares in the last quarter. Caitlin John LLC acquired a new position in shares of Paycom Software during the third quarter worth about $29,000. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Paycom Software during the second quarter worth about $29,000. 87.77% of the stock is owned by institutional investors and hedge funds.

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.