Paycom Software, Inc. (NYSE:PAYC – Get Free Report) declared a quarterly dividend on Monday, April 29th, RTT News reports. Shareholders of record on Tuesday, May 28th will be paid a dividend of 0.375 per share by the software maker on Monday, June 10th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.78%.
Paycom Software has a payout ratio of 17.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Paycom Software to earn $6.90 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 21.7%.
Paycom Software Trading Up 2.2 %
Shares of PAYC stock opened at $193.14 on Tuesday. The firm has a market capitalization of $11.12 billion, a price-to-earnings ratio of 32.74, a PEG ratio of 3.22 and a beta of 1.17. The firm’s 50 day moving average is $189.87 and its 200-day moving average is $195.96. Paycom Software has a 1 year low of $146.15 and a 1 year high of $374.04.
Analyst Ratings Changes
A number of research analysts have issued reports on PAYC shares. UBS Group upped their target price on shares of Paycom Software from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Citigroup reduced their price objective on shares of Paycom Software from $205.00 to $198.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 31st. JPMorgan Chase & Co. upped their target price on shares of Paycom Software from $140.00 to $165.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. Jefferies Financial Group reaffirmed a “hold” rating and set a $195.00 price objective on shares of Paycom Software in a research note on Friday, January 5th. Finally, Piper Sandler raised their target price on Paycom Software from $185.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. Seventeen research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $257.18.
View Our Latest Research Report on Paycom Software
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.
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