Paycom Software, Inc. (NYSE:PAYC) Receives $257.18 Average PT from Analysts

Shares of Paycom Software, Inc. (NYSE:PAYC) have been given a consensus rating of “Hold” by the nineteen research firms that are covering the firm, MarketBeat reports. Sixteen research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $257.18.

A number of research analysts recently commented on PAYC shares. Piper Sandler raised their price target on Paycom Software from $185.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. Jefferies Financial Group reiterated a “hold” rating and issued a $195.00 target price on shares of Paycom Software in a research report on Friday, January 5th. BTIG Research assumed coverage on Paycom Software in a research report on Tuesday, February 6th. They issued a “neutral” rating on the stock. UBS Group lifted their target price on Paycom Software from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Finally, JPMorgan Chase & Co. lifted their target price on Paycom Software from $140.00 to $165.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th.

Hedge Funds Weigh In On Paycom Software

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Paycom Software by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 5,936,910 shares of the software maker’s stock worth $1,227,278,000 after purchasing an additional 137,583 shares during the period. American Century Companies Inc. grew its holdings in Paycom Software by 18.8% during the third quarter. American Century Companies Inc. now owns 1,139,511 shares of the software maker’s stock worth $295,441,000 after buying an additional 180,202 shares in the last quarter. Brown Capital Management LLC grew its holdings in Paycom Software by 10.1% during the fourth quarter. Brown Capital Management LLC now owns 1,106,045 shares of the software maker’s stock worth $228,642,000 after buying an additional 101,744 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in Paycom Software by 7.9% during the first quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 977,055 shares of the software maker’s stock worth $182,426,000 after buying an additional 71,272 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in Paycom Software by 16,173.6% during the fourth quarter. International Assets Investment Management LLC now owns 787,803 shares of the software maker’s stock worth $162,855,000 after buying an additional 782,962 shares in the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Paycom Software Price Performance

Shares of Paycom Software stock opened at $186.58 on Tuesday. The business has a fifty day simple moving average of $189.86 and a two-hundred day simple moving average of $198.20. Paycom Software has a 1 year low of $146.15 and a 1 year high of $374.04. The company has a market capitalization of $10.74 billion, a price-to-earnings ratio of 31.62, a P/E/G ratio of 3.21 and a beta of 1.17.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings results on Wednesday, February 7th. The software maker reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.15. Paycom Software had a return on equity of 24.60% and a net margin of 20.12%. The business had revenue of $434.60 million during the quarter, compared to the consensus estimate of $422.50 million. During the same quarter last year, the firm posted $1.38 EPS. The company’s quarterly revenue was up 17.3% on a year-over-year basis. As a group, equities analysts anticipate that Paycom Software will post 5.73 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, March 4th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend was Friday, March 1st. Paycom Software’s dividend payout ratio (DPR) is presently 25.42%.

Paycom Software Company Profile

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.