Paycom Software, Inc. (NYSE:PAYC) Receives $159.25 Average PT from Brokerages

Paycom Software, Inc. (NYSE:PAYC) has received an average rating of “Hold” from the fourteen research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $159.25.

Several equities analysts recently weighed in on PAYC shares. UBS Group cut their price target on Paycom Software from $210.00 to $183.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. Weiss Ratings reiterated a “sell (d+)” rating on shares of Paycom Software in a research report on Friday, May 1st. TD Cowen dropped their price objective on Paycom Software from $154.00 to $149.00 and set a “buy” rating on the stock in a report on Friday, June 26th. BTIG Research boosted their price objective on Paycom Software from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, Mizuho upped their target price on Paycom Software from $120.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th.

Hedge Funds Weigh In On Paycom Software

Large investors have recently added to or reduced their stakes in the stock. Sienna Gestion acquired a new stake in shares of Paycom Software in the third quarter worth approximately $4,515,000. Willis Investment Counsel raised its stake in Paycom Software by 122.2% in the 4th quarter. Willis Investment Counsel now owns 22,100 shares of the software maker’s stock valued at $3,522,000 after purchasing an additional 12,156 shares during the last quarter. Berkeley Inc raised its stake in Paycom Software by 47.5% in the 4th quarter. Berkeley Inc now owns 40,794 shares of the software maker’s stock valued at $6,501,000 after purchasing an additional 13,140 shares during the last quarter. Nordea Investment Management AB lifted its holdings in Paycom Software by 203.1% in the 4th quarter. Nordea Investment Management AB now owns 190,276 shares of the software maker’s stock valued at $30,336,000 after purchasing an additional 127,493 shares in the last quarter. Finally, Harbor Capital Advisors Inc. purchased a new position in Paycom Software in the 4th quarter valued at $1,911,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Paycom Software Stock Down 3.8%

PAYC stock opened at $138.30 on Thursday. The firm has a market cap of $6.59 billion, a PE ratio of 15.99, a P/E/G ratio of 1.23 and a beta of 0.80. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.08 and a current ratio of 1.08. The firm’s fifty day moving average is $133.96 and its 200 day moving average is $134.42. Paycom Software has a one year low of $104.90 and a one year high of $248.95.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Wednesday, May 6th. The software maker reported $3.15 earnings per share for the quarter, beating 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 company had revenue of $571.80 million during the quarter, compared to analysts’ expectations of $564.37 million. During the same quarter in the previous year, the company earned $2.80 earnings per share. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, research analysts forecast that Paycom Software will post 9.32 EPS for the current year.

Paycom Software Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Tuesday, May 26th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, May 26th. Paycom Software’s payout ratio is presently 17.34%.

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.