Paycom Software (NYSE:PAYC) Upgraded at KeyCorp

KeyCorp upgraded shares of Paycom Software (NYSE:PAYC) from a sector weight rating to an overweight rating in a research note published on Monday morning, Marketbeat reports. The firm currently has $245.00 price target on the software maker’s stock. KeyCorp also issued estimates for Paycom Software’s Q1 2025 earnings at $2.09 EPS, Q2 2025 earnings at $1.23 EPS, Q3 2025 earnings at $1.35 EPS, Q4 2025 earnings at $1.93 EPS, FY2025 earnings at $6.60 EPS, Q1 2026 earnings at $2.37 EPS, Q2 2026 earnings at $1.41 EPS, Q3 2026 earnings at $1.54 EPS, Q4 2026 earnings at $2.18 EPS and FY2026 earnings at $7.51 EPS.

A number of other brokerages have also recently issued reports on PAYC. Mizuho increased their target price on shares of Paycom Software from $190.00 to $210.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Stifel Nicolaus decreased their price objective on shares of Paycom Software from $215.00 to $187.00 and set a “hold” rating on the stock in a report on Thursday, February 13th. StockNews.com lowered shares of Paycom Software from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Piper Sandler increased their price objective on shares of Paycom Software from $191.00 to $224.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Finally, Barclays decreased their price objective on shares of Paycom Software from $229.00 to $221.00 and set an “equal weight” rating on the stock in a report on Thursday, January 23rd. Twelve research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Paycom Software presently has an average rating of “Hold” and a consensus target price of $212.80.

Paycom Software Stock Performance

Shares of PAYC stock opened at $206.47 on Monday. Paycom Software has a 52-week low of $139.50 and a 52-week high of $242.74. The stock has a market cap of $11.82 billion, a price-to-earnings ratio of 23.20, a P/E/G ratio of 2.40 and a beta of 1.14. The firm has a fifty day moving average of $208.92 and a 200-day moving average of $198.95.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, February 12th. The software maker reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.03. Paycom Software had a net margin of 26.66% and a return on equity of 33.53%. On average, sell-side analysts predict that Paycom Software will post 7.15 earnings per share for the current year.

Paycom Software Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Monday, March 10th. Paycom Software’s dividend payout ratio (DPR) is presently 16.85%.

Insider Activity

In related news, Director J C. Watts, Jr. sold 500 shares of Paycom Software stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $218.22, for a total transaction of $109,110.00. Following the transaction, the director now owns 7,730 shares of the company’s stock, valued at $1,686,840.60. This trade represents a 6.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Randall Peck sold 3,600 shares of Paycom Software stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $212.19, for a total transaction of $763,884.00. Following the transaction, the chief operating officer now directly owns 50,665 shares in the company, valued at $10,750,606.35. The trade was a 6.63 % decrease in their position. The disclosure for this sale can be found here. Insiders own 14.50% of the company’s stock.

Institutional Trading of Paycom Software

Hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its holdings in Paycom Software by 14.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 326,018 shares of the software maker’s stock worth $54,305,000 after buying an additional 41,187 shares during the period. Principal Financial Group Inc. raised its holdings in Paycom Software by 9.3% during the 3rd quarter. Principal Financial Group Inc. now owns 65,809 shares of the software maker’s stock worth $10,962,000 after buying an additional 5,574 shares during the period. FMR LLC raised its holdings in Paycom Software by 55.0% during the 3rd quarter. FMR LLC now owns 1,007,919 shares of the software maker’s stock worth $167,889,000 after buying an additional 357,723 shares during the period. Nordea Investment Management AB raised its holdings in Paycom Software by 3.5% during the 4th quarter. Nordea Investment Management AB now owns 204,377 shares of the software maker’s stock worth $41,952,000 after buying an additional 6,916 shares during the period. Finally, SpiderRock Advisors LLC acquired a new stake in shares of Paycom Software in the third quarter valued at approximately $555,000. 87.77% of the stock is currently 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.