Paycom Software’s (PAYC) Market Perform Rating Reiterated at William Blair

William Blair reiterated their market perform rating on shares of Paycom Software (NYSE:PAYC) in a report released on Thursday, Zacks.com reports.

A number of other research analysts also recently weighed in on the stock. Needham & Company LLC restated a hold rating on shares of Paycom Software in a research report on Thursday. BTIG Research assumed coverage on shares of Paycom Software in a research note on Tuesday, February 6th. They set a neutral rating for the company. Jefferies Financial Group restated a hold rating and issued a $195.00 price target on shares of Paycom Software in a research note on Friday, January 5th. StockNews.com upgraded Paycom Software from a hold rating to a buy rating in a research report on Friday. Finally, JPMorgan Chase & Co. increased their target price on Paycom Software from $165.00 to $175.00 and gave the company a neutral rating in a report on Thursday. Sixteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Paycom Software has an average rating of Hold and an average price target of $247.25.

Paycom Software Trading Up 2.7 %

Paycom Software stock opened at $171.29 on Thursday. The firm has a market cap of $9.86 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 2.92 and a beta of 1.17. Paycom Software has a 12 month low of $146.15 and a 12 month high of $374.04. The stock has a fifty day simple moving average of $189.34 and a two-hundred day simple moving average of $193.90.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Wednesday, February 7th. The software maker reported $1.93 EPS for the quarter, topping the consensus estimate of $1.78 by $0.15. The company had revenue of $434.60 million during the quarter, compared to the consensus estimate of $422.50 million. Paycom Software had a return on equity of 32.84% and a net margin of 26.91%. Paycom Software’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same period last year, the company earned $1.38 EPS. On average, equities research analysts forecast that Paycom Software will post 5.82 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Tuesday, May 28th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Friday, May 24th. Paycom Software’s payout ratio is 18.27%.

Hedge Funds Weigh In On Paycom Software

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Paycom Software by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 5,936,910 shares of the software maker’s stock valued at $1,227,278,000 after purchasing an additional 137,583 shares during the period. American Century Companies Inc. increased its stake in Paycom Software by 18.8% in the 3rd quarter. American Century Companies Inc. now owns 1,139,511 shares of the software maker’s stock worth $295,441,000 after buying an additional 180,202 shares in the last quarter. Brown Capital Management LLC raised its holdings in Paycom Software by 10.1% during the fourth quarter. Brown Capital Management LLC now owns 1,106,045 shares of the software maker’s stock valued at $228,642,000 after acquiring an additional 101,744 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in Paycom Software by 7.9% during the first quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 977,055 shares of the software maker’s stock valued at $182,426,000 after acquiring an additional 71,272 shares during the period. Finally, International Assets Investment Management LLC lifted its position in shares of Paycom Software by 16,173.6% in the fourth quarter. International Assets Investment Management LLC now owns 787,803 shares of the software maker’s stock valued at $162,855,000 after acquiring an additional 782,962 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

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.