Paycom Software (NYSE:PAYC) PT Raised to $170.00 at Jefferies Financial Group

Paycom Software (NYSE:PAYC) had its target price hoisted by Jefferies Financial Group from $155.00 to $170.00 in a research note issued to investors on Tuesday morning, Benzinga reports. Jefferies Financial Group currently has a hold rating on the software maker’s stock.

PAYC has been the topic of several other research reports. StockNews.com lowered Paycom Software from a “buy” rating to a “hold” rating in a report on Monday, July 15th. TD Cowen raised their target price on Paycom Software from $171.00 to $188.00 and gave the stock a “hold” rating in a research report on Monday, September 23rd. Barclays raised their target price on Paycom Software from $167.00 to $172.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. Finally, Needham & Company LLC restated a “hold” rating on shares of Paycom Software in a research report on Thursday, August 1st. Seventeen analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $182.25.

Paycom Software Trading Down 0.4 %

Shares of NYSE:PAYC opened at $164.60 on Tuesday. Paycom Software has a 1-year low of $139.50 and a 1-year high of $253.33. The firm has a market capitalization of $9.45 billion, a PE ratio of 19.83, a PEG ratio of 2.35 and a beta of 1.17. The business’s 50 day moving average is $165.06 and its 200-day moving average is $163.90.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, July 31st. The software maker reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.07. Paycom Software had a return on equity of 33.36% and a net margin of 26.55%. The company had revenue of $437.51 million for the quarter, compared to analyst estimates of $436.19 million. On average, sell-side analysts predict that Paycom Software will post 6.67 EPS for the current year.

Paycom Software Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Monday, August 26th were given a $0.375 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $1.50 annualized dividend and a yield of 0.91%. Paycom Software’s payout ratio is 18.07%.

Insider Buying and Selling at Paycom Software

In other news, CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $167.97, for a total transaction of $327,541.50. Following the completion of the sale, the chief executive officer now owns 2,994,458 shares in the company, valued at $502,979,110.26. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $167.97, for a total transaction of $327,541.50. Following the completion of the sale, the chief executive officer now directly owns 2,994,458 shares of the company’s stock, valued at $502,979,110.26. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Bradley Scott Smith sold 1,524 shares of Paycom Software stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $157.62, for a total value of $240,212.88. Following the sale, the insider now directly owns 14,769 shares of the company’s stock, valued at approximately $2,327,889.78. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 71,906 shares of company stock worth $11,716,837. 14.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Diversify Wealth Management LLC grew its stake in Paycom Software by 49.1% in the third quarter. Diversify Wealth Management LLC now owns 3,108 shares of the software maker’s stock valued at $511,000 after acquiring an additional 1,024 shares during the period. Andina Capital Management LLC boosted its position in shares of Paycom Software by 4.0% during the third quarter. Andina Capital Management LLC now owns 1,651 shares of the software maker’s stock worth $275,000 after buying an additional 63 shares during the period. Diversify Advisory Services LLC acquired a new position in shares of Paycom Software during the third quarter worth about $256,000. Pallas Capital Advisors LLC boosted its position in shares of Paycom Software by 63.8% during the third quarter. Pallas Capital Advisors LLC now owns 3,152 shares of the software maker’s stock worth $521,000 after buying an additional 1,228 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in shares of Paycom Software by 51.4% during the third quarter. Nisa Investment Advisors LLC now owns 2,666 shares of the software maker’s stock worth $444,000 after buying an additional 905 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

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.