Paycom Software, Inc. (NYSE:PAYC) Plans Quarterly Dividend of $0.38

Paycom Software, Inc. (NYSE:PAYC) declared a quarterly dividend on Monday, February 10th,RTT News reports. Shareholders of record on Monday, March 10th will be paid a dividend of 0.375 per share by the software maker on Monday, March 24th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.73%.

Paycom Software has a payout ratio of 16.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Paycom Software to earn $7.16 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 20.9%.

Paycom Software Trading Up 2.5 %

NYSE:PAYC opened at $204.85 on Tuesday. The firm’s fifty day simple moving average is $212.80 and its 200 day simple moving average is $190.69. Paycom Software has a twelve month low of $139.50 and a twelve month high of $242.74. The firm has a market capitalization of $11.81 billion, a price-to-earnings ratio of 24.65, a PEG ratio of 2.81 and a beta of 1.15.

Insider Activity at Paycom Software

In other news, CEO Chad R. Richison sold 1,950 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $229.09, for a total transaction of $446,725.50. Following the completion of the sale, the chief executive officer now owns 2,731,410 shares in the company, valued at approximately $625,738,716.90. This represents a 0.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 14.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Mizuho lifted their price objective on shares of Paycom Software from $190.00 to $210.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. TD Cowen boosted their price objective on shares of Paycom Software from $193.00 to $248.00 and gave the stock a “hold” rating in a report on Monday, December 9th. BMO Capital Markets upped their price objective on shares of Paycom Software from $183.00 to $197.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Jefferies Financial Group lifted their target price on Paycom Software from $170.00 to $175.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Finally, Barclays reduced their price target on Paycom Software from $229.00 to $221.00 and set an “equal weight” rating for the company in a report on Thursday, January 23rd. Ten investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $204.75.

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.