Paycom Software, Inc. (NYSE:PAYC) Given Average Rating of “Hold” by Brokerages

Paycom Software, Inc. (NYSE:PAYC) has been given a consensus recommendation of “Hold” by the eleven brokerages that are currently covering the firm, MarketBeat reports. Eleven equities research analysts have rated the stock with a hold recommendation. The average twelve-month target price among brokerages that have covered the stock in the last year is $209.22.

Several brokerages have commented on PAYC. Barclays dropped their target price on shares of Paycom Software from $229.00 to $221.00 and set an “equal weight” rating for the company in a research report on Thursday, January 23rd. BMO Capital Markets upped their price objective on Paycom Software from $183.00 to $197.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Piper Sandler raised their target price on Paycom Software from $191.00 to $224.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. TD Cowen upped their price target on Paycom Software from $193.00 to $248.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Finally, Mizuho increased their price target on shares of Paycom Software from $190.00 to $210.00 and gave the company a “neutral” rating in a research report on Friday, December 13th.

Institutional Investors Weigh In On Paycom Software

A number of hedge funds and other institutional investors have recently made changes to their positions in PAYC. Private Trust Co. NA raised its holdings in Paycom Software by 9.3% in the 4th quarter. Private Trust Co. NA now owns 575 shares of the software maker’s stock valued at $118,000 after acquiring an additional 49 shares during the period. Oppenheimer & Co. Inc. grew its position in shares of Paycom Software by 1.8% in the fourth quarter. Oppenheimer & Co. Inc. now owns 2,939 shares of the software maker’s stock valued at $602,000 after purchasing an additional 51 shares during the last quarter. Wrapmanager Inc. increased its stake in shares of Paycom Software by 2.6% during the third quarter. Wrapmanager Inc. now owns 2,176 shares of the software maker’s stock worth $362,000 after purchasing an additional 56 shares during the period. Benjamin Edwards Inc. boosted its stake in Paycom Software by 1.1% in the 4th quarter. Benjamin Edwards Inc. now owns 5,502 shares of the software maker’s stock valued at $1,128,000 after purchasing an additional 60 shares during the period. Finally, Andina Capital Management LLC boosted its stake in Paycom Software by 4.0% in the 3rd quarter. Andina Capital Management LLC now owns 1,651 shares of the software maker’s stock valued at $275,000 after purchasing an additional 63 shares during the period. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Paycom Software Stock Performance

Paycom Software stock opened at $213.18 on Monday. The business’s fifty day moving average is $207.92 and its two-hundred day moving average is $194.07. The firm has a market cap of $12.21 billion, a P/E ratio of 23.95, a P/E/G ratio of 2.40 and a beta of 1.15. Paycom Software has a 52 week low of $139.50 and a 52 week high of $242.74.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, February 12th. The software maker reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.03. Paycom Software had a return on equity of 33.53% and a net margin of 26.66%. On average, equities research analysts predict that Paycom Software will post 7.15 earnings per share for the current year.

Paycom Software Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Monday, March 10th. Paycom Software’s payout ratio is currently 16.85%.

About Paycom Software

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.