Analysts Set Paycom Software, Inc. (NYSE:PAYC) Target Price at $168.57

Shares of Paycom Software, Inc. (NYSE:PAYC) have been given an average recommendation of “Hold” by the seventeen analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $168.5714.

Several equities research analysts have recently weighed in on the company. BTIG Research reduced their price target on Paycom Software from $195.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. TD Cowen cut their price objective on Paycom Software from $200.00 to $184.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Mizuho reduced their target price on Paycom Software from $180.00 to $120.00 and set a “neutral” rating on the stock in a research note on Thursday, February 12th. UBS Group lowered their target price on shares of Paycom Software from $245.00 to $210.00 and set a “buy” rating for the company in a research note on Monday, January 26th. Finally, Jefferies Financial Group cut their price target on shares of Paycom Software from $190.00 to $130.00 and set a “hold” rating on the stock in a report on Thursday, February 12th.

Paycom Software Stock Down 3.0%

PAYC stock opened at $125.89 on Friday. Paycom Software has a twelve month low of $104.90 and a twelve month high of $267.76. The stock has a market capitalization of $6.83 billion, a price-to-earnings ratio of 15.56, a price-to-earnings-growth ratio of 1.37 and a beta of 0.80. The firm’s fifty day simple moving average is $141.80 and its two-hundred day simple moving average is $176.08.

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

Paycom Software Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Monday, March 9th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.2%. Paycom Software’s dividend payout ratio (DPR) is 18.54%.

Insider Buying and Selling at Paycom Software

In related news, CFO Robert D. Foster sold 1,300 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $162.66, for a total value of $211,458.00. Following the completion of the sale, the chief financial officer owned 14,747 shares in the company, valued at approximately $2,398,747.02. The trade was a 8.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 10.90% of the company’s stock.

Institutional Investors Weigh In On Paycom Software

Several hedge funds have recently modified their holdings of the business. True Wealth Design LLC raised its stake in Paycom Software by 946.7% in the fourth quarter. True Wealth Design LLC now owns 157 shares of the software maker’s stock worth $25,000 after buying an additional 142 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of 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 during the period. Clearstead Advisors LLC raised its position in shares of Paycom Software by 140.3% in the 4th quarter. Clearstead Advisors LLC now owns 161 shares of the software maker’s stock worth $26,000 after acquiring an additional 94 shares in the last quarter. Caitlin John LLC purchased a new stake in shares of Paycom Software during the 3rd quarter worth $29,000. Finally, CYBER HORNET ETFs LLC bought a new stake in Paycom Software during the second quarter valued at about $29,000. Hedge funds and other 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.