UBS Group Cuts Paycom Software (NYSE:PAYC) Price Target to $183.00

Paycom Software (NYSE:PAYC) had its price objective decreased by UBS Group from $210.00 to $183.00 in a research report report published on Tuesday,Benzinga reports. UBS Group currently has a buy rating on the software maker’s stock.

Several other research analysts have also issued reports on PAYC. TD Cowen lowered their target price on Paycom Software from $200.00 to $184.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Citigroup decreased their price target on Paycom Software from $185.00 to $128.00 and set a “neutral” rating for the company in a report on Friday, February 13th. Zacks Research upgraded Paycom Software from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th. BTIG Research decreased their price target on Paycom Software from $195.00 to $140.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Finally, Cantor Fitzgerald increased their price target on Paycom Software from $115.00 to $135.00 and gave the stock a “neutral” rating in a report on Friday, March 6th. Five analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $168.79.

Paycom Software Stock Down 3.8%

Shares of NYSE:PAYC opened at $125.53 on Tuesday. The firm has a market cap of $5.98 billion, a P/E ratio of 15.52, a P/E/G ratio of 1.37 and a beta of 0.79. Paycom Software has a 12-month low of $104.90 and a 12-month high of $267.76. The business has a fifty day simple moving average of $124.71 and a 200 day simple moving average of $151.04.

Paycom Software (NYSE:PAYC) last announced its earnings results on Wednesday, February 11th. The software maker reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 24.25% and a net margin of 22.10%.Paycom Software’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period last year, the company earned $2.32 EPS. As a group, equities research analysts expect that Paycom Software will post 8.59 EPS for the current year.

Paycom Software Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Monday, March 9th were paid a $0.375 dividend. The ex-dividend date was Monday, March 9th. This represents a $1.50 annualized dividend and a dividend yield of 1.2%. Paycom Software’s dividend payout ratio (DPR) is currently 18.54%.

Institutional Trading of Paycom Software

Large investors have recently made changes to their positions in the company. CYBER HORNET ETFs LLC acquired a new stake in shares of Paycom Software in the 2nd quarter valued at about $29,000. Caitlin John LLC bought a new position in Paycom Software in the 3rd quarter valued at about $29,000. MUFG Securities EMEA plc bought a new position in Paycom Software in the 2nd quarter valued at about $33,000. Steigerwald Gordon & Koch Inc. bought a new position in Paycom Software in the 3rd quarter valued at about $31,000. Finally, Brown Brothers Harriman & Co. lifted its position in Paycom Software by 190.6% in the 4th quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker’s stock valued at $25,000 after acquiring an additional 101 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

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.