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

Shares of Paycom Software, Inc. (NYSE:PAYC) have received a consensus recommendation of “Hold” from the twelve brokerages that are currently covering the firm, MarketBeat Ratings reports. Eleven investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $212.80.

Several equities analysts have issued reports on the stock. StockNews.com downgraded shares of Paycom Software from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. KeyCorp raised shares of Paycom Software from a “sector weight” rating to an “overweight” rating and set a $245.00 price target on the stock in a research note on Monday, March 10th. Piper Sandler boosted their price objective on Paycom Software from $191.00 to $224.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Needham & Company LLC reissued a “hold” rating on shares of Paycom Software in a report on Thursday, February 13th. Finally, Barclays lowered their price target on Paycom Software from $229.00 to $221.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 23rd.

Paycom Software Trading Up 2.6 %

Shares of NYSE:PAYC opened at $215.65 on Tuesday. Paycom Software has a 12-month low of $139.50 and a 12-month high of $242.74. The business has a 50 day moving average of $212.70 and a two-hundred day moving average of $206.65. The company has a market capitalization of $12.48 billion, a PE ratio of 24.23, a PEG ratio of 2.40 and a beta of 0.97.

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Wednesday, February 12th. The software maker reported $2.02 EPS for the quarter, beating the consensus estimate of $1.99 by $0.03. Paycom Software had a net margin of 26.66% and a return on equity of 33.53%. Equities research analysts predict that Paycom Software will post 7.15 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend was Monday, March 10th. Paycom Software’s dividend payout ratio (DPR) is 16.85%.

Insider Buying and Selling

In related news, COO Randall Peck sold 3,600 shares of Paycom Software stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $212.19, for a total value of $763,884.00. Following the completion of the transaction, the chief operating officer now owns 50,665 shares in the company, valued at approximately $10,750,606.35. The trade was a 6.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Bradley Scott Smith sold 3,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $201.01, for a total transaction of $603,030.00. Following the sale, the insider now owns 28,733 shares in the company, valued at approximately $5,775,620.33. This trade represents a 9.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,100 shares of company stock valued at $1,476,024. Company insiders own 14.50% of the company’s stock.

Institutional Investors Weigh In On Paycom Software

A number of hedge funds have recently bought and sold shares of the stock. Glass Jacobson Investment Advisors llc increased its position in shares of Paycom Software by 746.7% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 127 shares of the software maker’s stock valued at $26,000 after purchasing an additional 112 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in shares of Paycom Software during the fourth quarter worth $30,000. MassMutual Private Wealth & Trust FSB increased its holdings in Paycom Software by 135.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the software maker’s stock valued at $33,000 after buying an additional 87 shares during the last quarter. Putney Financial Group LLC acquired a new stake in Paycom Software in the fourth quarter valued at $39,000. Finally, IFP Advisors Inc lifted its holdings in Paycom Software by 635.7% during the 4th quarter. IFP Advisors Inc now owns 206 shares of the software maker’s stock worth $43,000 after buying an additional 178 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

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.