Paycom Software, Inc. (NYSE:PAYC) Receives $225.77 Consensus Price Target from Brokerages

Shares of Paycom Software, Inc. (NYSE:PAYC) have received a consensus recommendation of “Hold” from the seventeen analysts that are presently covering the firm, MarketBeat Ratings reports. Twelve investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $223.5714.

A number of research analysts recently issued reports on the company. BTIG Research assumed coverage on Paycom Software in a research report on Wednesday. They set a “buy” rating and a $195.00 price objective for the company. Zacks Research raised shares of Paycom Software from a “strong sell” rating to a “hold” rating in a report on Thursday, November 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Paycom Software in a research report on Monday. UBS Group reduced their target price on shares of Paycom Software from $285.00 to $245.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Finally, Barclays reduced their price objective on Paycom Software from $225.00 to $210.00 and set an “equal weight” rating for the company in a research report on Thursday, November 6th.

Paycom Software Stock Performance

Shares of NYSE:PAYC opened at $164.07 on Friday. The company’s fifty day moving average is $175.93 and its two-hundred day moving average is $209.91. Paycom Software has a 1-year low of $156.50 and a 1-year high of $267.76. The stock has a market capitalization of $9.23 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 1.81 and a beta of 0.84.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, November 5th. The software maker reported $1.94 earnings per share for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.02). Paycom Software had a net margin of 22.65% and a return on equity of 24.79%. The business had revenue of $493.30 million for the quarter, compared to the consensus estimate of $492.62 million. During the same period in the prior year, the company earned $1.67 EPS. Paycom Software’s quarterly revenue was up 9.2% on a year-over-year basis. Sell-side analysts expect that Paycom Software will post 7.15 EPS for the current fiscal year.

Paycom Software Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, November 24th were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Monday, November 24th. Paycom Software’s payout ratio is currently 18.66%.

Insider Activity at Paycom Software

In other news, CFO Robert D. Foster sold 1,300 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $162.66, for a total value of $211,458.00. Following the completion of the sale, the chief financial officer directly owned 14,747 shares of the company’s stock, valued at approximately $2,398,747.02. This represents a 8.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 10.90% of the company’s stock.

Hedge Funds Weigh In On Paycom Software

Several hedge funds have recently made changes to their positions in the business. Brooklyn Investment Group lifted its stake in Paycom Software by 19.4% during the first quarter. Brooklyn Investment Group now owns 240 shares of the software maker’s stock valued at $52,000 after purchasing an additional 39 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Paycom Software by 7.6% in the third quarter. UMB Bank n.a. now owns 789 shares of the software maker’s stock valued at $164,000 after buying an additional 56 shares in the last quarter. Applied Finance Capital Management LLC lifted its position in shares of Paycom Software by 4.3% during the 2nd quarter. Applied Finance Capital Management LLC now owns 1,425 shares of the software maker’s stock valued at $330,000 after acquiring an additional 59 shares during the last quarter. ORG Wealth Partners LLC boosted its stake in shares of Paycom Software by 4.4% during the 3rd quarter. ORG Wealth Partners LLC now owns 1,390 shares of the software maker’s stock worth $289,000 after acquiring an additional 59 shares in the last quarter. Finally, Wallace Advisory Group LLC boosted its stake in shares of Paycom Software by 2.7% during the 2nd quarter. Wallace Advisory Group LLC now owns 2,262 shares of the software maker’s stock worth $494,000 after acquiring an additional 60 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

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.