Brokerages Set Paycom Software, Inc. (NYSE:PAYC) Price Target at $221.00

Shares of Paycom Software, Inc. (NYSE:PAYC) have earned a consensus recommendation of “Hold” from the seventeen research firms that are currently covering the company, MarketBeat reports. Twelve analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $218.0714.

Several brokerages have recently issued reports on PAYC. Jefferies Financial Group reduced their price objective on Paycom Software from $225.00 to $190.00 and set a “hold” rating on the stock in a research note on Thursday, November 6th. Mizuho reduced their price target on Paycom Software from $220.00 to $180.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Zacks Research upgraded Paycom Software from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 20th. BTIG Research started coverage on Paycom Software in a research report on Wednesday, December 17th. They set a “buy” rating and a $195.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Paycom Software in a report on Monday, December 29th.

Paycom Software Stock Performance

NYSE PAYC opened at $154.51 on Thursday. The firm has a market cap of $8.69 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 1.61 and a beta of 0.82. The firm has a 50 day simple moving average of $161.77 and a 200-day simple moving average of $198.14. Paycom Software has a one year low of $151.74 and a one year high of $267.76.

Paycom Software (NYSE:PAYC) last released its earnings results on Wednesday, November 5th. The software maker reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.02). Paycom Software had a return on equity of 24.79% and a net margin of 22.65%.The business had revenue of $493.30 million for the quarter, compared to analyst estimates of $492.62 million. During the same quarter last year, the company earned $1.67 earnings per share. Paycom Software’s quarterly revenue was up 9.2% compared to the same quarter last year. Equities analysts predict that Paycom Software will post 7.15 EPS for the current fiscal year.

Paycom Software Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, November 24th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Monday, November 24th. Paycom Software’s dividend payout ratio (DPR) is presently 18.66%.

Insider Activity

In related news, CFO Robert D. Foster sold 1,300 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $162.66, for a total transaction of $211,458.00. Following the completion of the transaction, 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 SEC, which is accessible through the SEC website. Company insiders own 10.90% of the company’s stock.

Institutional Investors Weigh In On Paycom Software

Several institutional investors have recently added to or reduced their stakes in the business. True Wealth Design LLC lifted its position in shares of Paycom Software by 946.7% during the 4th quarter. True Wealth Design LLC now owns 157 shares of the software maker’s stock worth $25,000 after buying an additional 142 shares during the last quarter. Caitlin John LLC acquired a new stake in Paycom Software during the 3rd quarter worth $29,000. CYBER HORNET ETFs LLC acquired a new position in Paycom Software in the second quarter valued at $29,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Paycom Software in the third quarter valued at about $31,000. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Paycom Software during the second quarter worth about $33,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

About Paycom Software

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.