Paycom Software, Inc. (NYSE:PAYC) Receives $170.71 Average Price Target from Analysts

Shares of Paycom Software, Inc. (NYSE:PAYC) have earned a consensus recommendation of “Hold” from the seventeen ratings firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $170.7143.

A number of research firms recently weighed in on PAYC. BMO Capital Markets decreased their target price on Paycom Software from $175.00 to $137.00 and set a “market perform” rating on the stock in a report on Thursday, February 12th. BTIG Research reduced their price objective on shares of Paycom Software from $195.00 to $140.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Guggenheim decreased their price objective on shares of Paycom Software from $210.00 to $180.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. KeyCorp dropped their price objective on shares of Paycom Software from $250.00 to $195.00 and set an “overweight” rating on the stock in a research report on Thursday, February 12th. Finally, Zacks Research upgraded shares of Paycom Software from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th.

Paycom Software Price Performance

Shares of PAYC opened at $122.84 on Tuesday. The company has a market cap of $6.67 billion, a PE ratio of 15.18, a price-to-earnings-growth ratio of 1.26 and a beta of 0.80. The firm has a 50-day moving average of $130.39 and a 200-day moving average of $163.96. Paycom Software has a one year low of $104.90 and a one year high of $267.76.

Paycom Software (NYSE:PAYC) last issued its earnings results on Wednesday, February 11th. The software maker reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.01. The company had revenue of $544.30 million for the quarter, compared to analysts’ expectations of $542.79 million. Paycom Software had a net margin of 22.10% and a return on equity of 24.25%. Paycom Software’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.32 EPS. Analysts expect that Paycom Software will post 7.15 earnings per share for the current year.

Paycom Software Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Monday, March 9th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Monday, March 9th. Paycom Software’s dividend payout ratio is currently 18.54%.

Institutional Investors Weigh In On Paycom Software

A number of institutional investors have recently made changes to their positions in PAYC. Allianz Asset Management GmbH raised its stake in Paycom Software by 10,106.6% during the third quarter. Allianz Asset Management GmbH now owns 486,957 shares of the software maker’s stock worth $101,355,000 after acquiring an additional 482,186 shares in the last quarter. Dillon & Associates Inc. lifted its holdings in shares of Paycom Software by 10.9% in the third quarter. Dillon & Associates Inc. now owns 68,153 shares of the software maker’s stock worth $14,176,000 after acquiring an additional 6,696 shares during the last quarter. Baader Bank Aktiengesellschaft boosted its stake in shares of Paycom Software by 37.1% in the 3rd quarter. Baader Bank Aktiengesellschaft now owns 60,390 shares of the software maker’s stock valued at $12,570,000 after purchasing an additional 16,357 shares in the last quarter. Rakuten Investment Management Inc. acquired a new stake in shares of Paycom Software in the 3rd quarter valued at approximately $15,432,000. Finally, Sienna Gestion bought a new stake in shares of Paycom Software during the 3rd quarter valued at approximately $4,515,000. Institutional investors own 87.77% of the company’s stock.

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.