Paycom Software, Inc. (NYSE:PAYC) Stock Has Average Price Target of $256.21

Shares of Paycom Software, Inc. (NYSE:PAYC) have earned a consensus recommendation of “Hold” from the seventeen brokerages that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $255.36.

A number of research firms have commented on PAYC. BMO Capital Markets raised their price target on Paycom Software from $145.00 to $208.00 and gave the company a “market perform” rating in a report on Thursday, August 6th. Jefferies Financial Group upped their price objective on Paycom Software from $160.00 to $300.00 and gave the stock a “hold” rating in a research note on Tuesday, October 27th. Citigroup cut their target price on Paycom Software from $279.00 to $264.00 and set a “neutral” rating for the company in a research report on Friday, November 6th. UBS Group lifted their target price on Paycom Software from $205.00 to $285.00 and gave the company a “buy” rating in a research note on Tuesday, September 1st. Finally, Needham & Company LLC reissued a “hold” rating on shares of Paycom Software in a research note on Thursday, November 5th.

Insider Transactions at Paycom Software

In other news, insider Shane Hadlock sold 241 shares of Paycom Software stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $240.07, for a total transaction of $57,856.87. Following the sale, the insider owned 69,911 shares in the company, valued at $16,783,533.77. This trade represents a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 13.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Paycom Software

Hedge funds and other institutional investors have recently modified their holdings of the stock. Pictet Asset Management Holding SA raised its position in shares of Paycom Software by 0.6% during the 3rd quarter. Pictet Asset Management Holding SA now owns 6,240 shares of the software maker’s stock valued at $1,358,000 after buying an additional 40 shares in the last quarter. Childress Capital Advisors LLC boosted its holdings in Paycom Software by 1.4% during the 3rd quarter. Childress Capital Advisors LLC now owns 2,951 shares of the software maker’s stock valued at $642,000 after acquiring an additional 42 shares during the period. Archford Capital Strategies LLC boosted its stake in shares of Paycom Software by 1.1% during the second quarter. Archford Capital Strategies LLC now owns 4,684 shares of the software maker’s stock valued at $589,000 after purchasing an additional 49 shares during the period. CX Institutional boosted its position in Paycom Software by 4.7% in the 3rd quarter. CX Institutional now owns 1,399 shares of the software maker’s stock valued at $304,000 after buying an additional 63 shares during the period. Finally, Versant Capital Management Inc grew its stake in Paycom Software by 2.6% in the third quarter. Versant Capital Management Inc now owns 2,689 shares of the software maker’s stock worth $585,000 after purchasing an additional 69 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Paycom Software Stock Up 0.6%

Shares of Paycom Software stock opened at $237.89 on Wednesday. The company’s 50 day moving average is $238.21 and its 200 day moving average is $167.60. The company has a market cap of $10.71 billion, a price-to-earnings ratio of 22.79, a price-to-earnings-growth ratio of 1.13 and a beta of 0.75. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06. Paycom Software has a twelve month low of $104.90 and a twelve month high of $275.22.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings data on Wednesday, November 4th. The software maker reported $3.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.56. The company had revenue of $543.80 million for the quarter, compared to the consensus estimate of $535.26 million. Paycom Software had a net margin of 23.28% and a return on equity of 52.12%. The firm’s revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.94 earnings per share. Research analysts anticipate that Paycom Software will post 10.92 EPS for the current year.

Paycom Software Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 7th. Shareholders of record on Monday, November 23rd will be issued a dividend of $0.3750 per share. This represents a $1.50 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Monday, November 23rd. Paycom Software’s dividend payout ratio (DPR) is 14.37%.

Paycom Software Company Profile

Paycom Software, Inc. provides cloud-based human capital management (HCM) software that helps employers manage payroll and related workforce processes through a unified platform. Its services support organizations throughout the employee life cycle, from hiring and onboarding to payroll, benefits administration, time and labor management, and talent management. The company’s platform includes employee self-service tools and Beti, a feature that enables employees to review and complete their own payroll.