Paycom Software, Inc. (NYSE:PAYC) Receives Consensus Rating of “Hold” from Analysts

Shares of Paycom Software, Inc. (NYSE:PAYC) have been assigned an average rating of “Hold” from the nineteen analysts that are presently covering the stock, Marketbeat reports. Sixteen research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $257.18.

A number of analysts have commented on PAYC shares. UBS Group lifted their target price on Paycom Software from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. Citigroup reduced their target price on Paycom Software from $205.00 to $198.00 and set a “neutral” rating for the company in a report on Wednesday, January 31st. BTIG Research began coverage on Paycom Software in a report on Tuesday, February 6th. They issued a “neutral” rating for the company. Piper Sandler lifted their price objective on Paycom Software from $185.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $195.00 price objective on shares of Paycom Software in a report on Friday, January 5th.

Hedge Funds Weigh In On Paycom Software

A number of hedge funds have recently made changes to their positions in the stock. Hexagon Capital Partners LLC raised its stake in shares of Paycom Software by 333.3% in the 4th quarter. Hexagon Capital Partners LLC now owns 130 shares of the software maker’s stock valued at $27,000 after acquiring an additional 100 shares during the period. Fairfield Bush & CO. purchased a new position in shares of Paycom Software in the 2nd quarter valued at $27,000. KB Financial Partners LLC purchased a new position in shares of Paycom Software in the 1st quarter valued at $28,000. Clear Street Markets LLC raised its stake in shares of Paycom Software by 98.0% in the 1st quarter. Clear Street Markets LLC now owns 97 shares of the software maker’s stock valued at $29,000 after acquiring an additional 48 shares during the period. Finally, Sunbelt Securities Inc. purchased a new position in shares of Paycom Software in the 1st quarter valued at $33,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Paycom Software Trading Down 0.3 %

Shares of Paycom Software stock opened at $197.67 on Friday. The firm has a market capitalization of $11.38 billion, a PE ratio of 33.50, a price-to-earnings-growth ratio of 3.39 and a beta of 1.17. The business’s 50-day moving average price is $189.68 and its 200-day moving average price is $205.53. Paycom Software has a 12 month low of $146.15 and a 12 month high of $374.04.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings results on Wednesday, February 7th. The software maker reported $1.93 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $422.50 million. During the same period last year, the company earned $1.38 EPS. Paycom Software’s revenue for the quarter was up 17.3% compared to the same quarter last year. As a group, analysts predict 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 issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Friday, March 1st. Paycom Software’s dividend payout ratio (DPR) is presently 25.42%.

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.