Analysts Set Paycom Software, Inc. (NYSE:PAYC) Price Target at $170.71

Shares of Paycom Software, Inc. (NYSE:PAYC) have received an average recommendation of “Hold” from the seventeen research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $170.7143.

Several research firms have recently commented on PAYC. KeyCorp reduced their price objective on Paycom Software from $250.00 to $195.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. BMO Capital Markets reduced their price objective on Paycom Software from $175.00 to $137.00 and set a “market perform” rating for the company in a research note on Thursday, February 12th. Zacks Research upgraded Paycom Software from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. Citigroup cut their price target on Paycom Software from $185.00 to $128.00 and set a “neutral” rating for the company in a research note on Friday, February 13th. Finally, Guggenheim cut their price target on Paycom Software from $210.00 to $180.00 and set a “buy” rating for the company in a research note on Thursday, February 12th.

Institutional Investors Weigh In On Paycom Software

Institutional investors have recently bought and sold shares of the business. CYBER HORNET ETFs LLC purchased a new stake in Paycom Software in the 2nd quarter worth $29,000. Caitlin John LLC purchased a new stake in Paycom Software in the 3rd quarter worth $29,000. MUFG Securities EMEA plc purchased a new stake in Paycom Software in the 2nd quarter worth $33,000. Steigerwald Gordon & Koch Inc. purchased a new stake in Paycom Software in the 3rd quarter worth $31,000. Finally, Brown Brothers Harriman & Co. increased its stake in Paycom Software by 190.6% in the 4th quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker’s stock worth $25,000 after buying an additional 101 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Paycom Software Trading Up 4.8%

Shares of PAYC opened at $133.02 on Friday. The firm has a market cap of $6.34 billion, a PE ratio of 16.44, a P/E/G ratio of 1.34 and a beta of 0.79. The firm has a fifty day simple moving average of $124.25 and a two-hundred day simple moving average of $151.87. Paycom Software has a 1-year low of $104.90 and a 1-year high of $267.76.

Paycom Software (NYSE:PAYC) last announced its earnings results on Wednesday, February 11th. The software maker reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.01. The business had revenue of $544.30 million during the quarter, compared to analyst estimates of $542.79 million. Paycom Software had a net margin of 22.10% and a return on equity of 24.25%. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.32 EPS. As a group, research analysts forecast that Paycom Software will post 8.59 EPS for the current fiscal year.

Paycom Software Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Monday, March 9th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Monday, March 9th. Paycom Software’s dividend payout ratio is presently 18.54%.

Paycom Software Company Profile

Paycom Software, Inc (NYSE: PAYC) is a cloud-based human capital management (HCM) software provider that delivers an end-to-end solution for human resources, payroll, talent acquisition, time and labor management, and talent management. Its single-database platform enables organizations to process payroll, track time, administer benefits, and manage recruiting and employee development through a unified system. Paycom’s software is designed to streamline administrative tasks, improve data accuracy, and provide real-time reporting and analytics to support strategic HR decisions.

The company’s core offerings include payroll processing with built-in tax compliance, employee self-service functionality, automated time tracking, and customizable talent acquisition tools that allow employers to create and post job requisitions, screen candidates, and conduct onboarding electronically.