Paycom Software, Inc. (NYSE:PAYC) Receives $214.23 Average PT from Analysts

Shares of Paycom Software, Inc. (NYSE:PAYC) have earned a consensus rating of “Hold” from the fifteen analysts that are presently covering the firm, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $214.2308.

A number of analysts have recently weighed in on the company. Weiss Ratings upgraded Paycom Software from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Wall Street Zen downgraded shares of Paycom Software from a “buy” rating to a “hold” rating in a research report on Sunday, September 6th. Stifel Nicolaus increased their price objective on shares of Paycom Software from $120.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, August 6th. BMO Capital Markets raised their price objective on shares of Paycom Software from $145.00 to $208.00 and gave the company a “market perform” rating in a research report on Thursday, August 6th. Finally, Citigroup boosted their target price on shares of Paycom Software from $136.00 to $194.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th.

Paycom Software Stock Down 0.8%

Shares of PAYC opened at $225.88 on Tuesday. The company has a market capitalization of $10.18 billion, a P/E ratio of 24.00, a PEG ratio of 1.26 and a beta of 0.78. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.07 and a quick ratio of 1.07. Paycom Software has a one year low of $104.90 and a one year high of $244.98. The business’s 50 day simple moving average is $197.91 and its 200-day simple moving average is $154.01.

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Wednesday, August 5th. The software maker reported $2.78 earnings per share for the quarter, beating analysts’ consensus estimates of $2.38 by $0.40. Paycom Software had a return on equity of 37.06% and a net margin of 22.78%.The firm had revenue of $531.20 million during the quarter, compared to analysts’ expectations of $513.12 million. During the same period last year, the firm posted $2.06 EPS. The business’s revenue was up 9.8% on a year-over-year basis. As a group, sell-side analysts predict that Paycom Software will post 10.65 EPS for the current fiscal year.

Paycom Software Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th were paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, August 24th. Paycom Software’s dividend payout ratio is 15.94%.

Insiders Place Their Bets

In related news, insider Shane Hadlock sold 2,577 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $237.60, for a total value of $612,295.20. Following the completion of the transaction, the insider owned 70,152 shares in the company, valued at $16,668,115.20. The trade was a 3.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 13.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Paycom Software during the second quarter worth $632,460,000. Reinhart Partners LLC. boosted its holdings in Paycom Software by 20.1% in the second quarter. Reinhart Partners LLC. now owns 1,219,906 shares of the software maker’s stock valued at $153,320,000 after acquiring an additional 204,191 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Paycom Software by 5.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 552,470 shares of the software maker’s stock valued at $88,042,000 after acquiring an additional 27,069 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Paycom Software by 10.1% in the first quarter. Dimensional Fund Advisors LP now owns 538,376 shares of the software maker’s stock valued at $65,435,000 after acquiring an additional 49,460 shares during the last quarter. Finally, River Road Asset Management LLC increased its position in Paycom Software by 481.9% in the fourth quarter. River Road Asset Management LLC now owns 392,403 shares of the software maker’s stock worth $62,533,000 after purchasing an additional 324,970 shares during the period. 87.77% of the stock is currently owned by institutional investors.

Paycom Software Company Profile

Paycom Software, Inc is a provider of cloud-based payroll and human capital management (HCM) software for businesses. Its platform is designed to help organizations manage employee data and payroll processes through a unified system, serving small, midsize and larger employers primarily in the United States.

The company’s products and services include payroll processing, tax management, time and labor management, talent acquisition, onboarding, employee learning, performance management, compensation planning, benefits administration, expense management and compliance tools.