Brokerages Set Paycom Software, Inc. (NYSE:PAYC) Target Price at $159.67

Shares of Paycom Software, Inc. (NYSE:PAYC) have earned a consensus recommendation of “Hold” from the fourteen ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $159.6667.

A number of analysts have recently weighed in on PAYC shares. UBS Group reduced their price objective on shares of Paycom Software from $210.00 to $183.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. BTIG Research boosted their price objective on shares of Paycom Software from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. BMO Capital Markets boosted their price objective on shares of Paycom Software from $137.00 to $145.00 and gave the stock a “market perform” rating in a research note on Thursday, May 7th. Weiss Ratings restated a “sell (d+)” rating on shares of Paycom Software in a research note on Friday, May 1st. Finally, Cantor Fitzgerald boosted their price objective on shares of Paycom Software from $115.00 to $135.00 and gave the stock a “neutral” rating in a research note on Friday, March 6th.

Paycom Software Stock Performance

PAYC stock opened at $141.29 on Wednesday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $6.73 billion, a price-to-earnings ratio of 16.33, a P/E/G ratio of 1.22 and a beta of 0.77. Paycom Software has a 12 month low of $104.90 and a 12 month high of $267.76. The firm has a 50 day moving average of $126.80 and a two-hundred day moving average of $142.68.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Wednesday, May 6th. The software maker reported $3.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.16. Paycom Software had a net margin of 22.44% and a return on equity of 28.34%. The business had revenue of $571.80 million during the quarter, compared to analysts’ expectations of $564.37 million. During the same period in the previous year, the company earned $2.80 earnings per share. Paycom Software’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, equities analysts anticipate that Paycom Software will post 9.09 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Tuesday, May 26th. Paycom Software’s payout ratio is presently 17.34%.

Institutional Trading of Paycom Software

A number of institutional investors and hedge funds have recently modified their holdings of the company. UMB Bank n.a. raised its stake in Paycom Software by 7.6% during the 3rd quarter. UMB Bank n.a. now owns 789 shares of the software maker’s stock valued at $164,000 after purchasing an additional 56 shares during the last quarter. Mackenzie Financial Corp raised its stake in 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 purchasing an additional 63 shares during the last quarter. Davis Investment Partners LLC raised its stake in Paycom Software by 2.3% during the 4th quarter. Davis Investment Partners LLC now owns 2,988 shares of the software maker’s stock valued at $455,000 after purchasing an additional 68 shares during the last quarter. Compound Planning Inc. raised its stake in Paycom Software by 2.9% during the 3rd quarter. Compound Planning Inc. now owns 2,899 shares of the software maker’s stock valued at $603,000 after purchasing an additional 83 shares during the last quarter. Finally, Boyd Watterson Asset Management LLC OH raised its stake in Paycom Software by 0.8% during the 3rd quarter. Boyd Watterson Asset Management LLC OH now owns 10,576 shares of the software maker’s stock valued at $2,201,000 after purchasing an additional 84 shares during the last quarter. 87.77% of the stock is currently 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.