Paycom Software (NYSE:PAYC) Hits New 12-Month Low – Should You Sell?

Shares of Paycom Software, Inc. (NYSE:PAYC) hit a new 52-week low during trading on Friday . The stock traded as low as $150.38 and last traded at $150.41, with a volume of 45501 shares traded. The stock had previously closed at $152.78.

Analysts Set New Price Targets

A number of research firms recently commented on PAYC. Citigroup lowered their price target on shares of Paycom Software from $191.00 to $185.00 and set a “neutral” rating on the stock in a report on Tuesday, December 23rd. KeyCorp cut their price target on Paycom Software from $290.00 to $250.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. BTIG Research started coverage on Paycom Software in a report on Wednesday, December 17th. They issued a “buy” rating and a $195.00 price objective for the company. Barclays dropped their price objective on shares of Paycom Software from $210.00 to $185.00 and set an “equal weight” rating on the stock in a report on Monday. Finally, Jefferies Financial Group reduced their target price on shares of Paycom Software from $225.00 to $190.00 and set a “hold” rating for the company in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, Paycom Software presently has an average rating of “Hold” and a consensus price target of $218.07.

Paycom Software Trading Down 1.0%

The stock’s fifty day moving average is $161.54 and its two-hundred day moving average is $197.83. The firm has a market cap of $8.51 billion, a P/E ratio of 18.86, a price-to-earnings-growth ratio of 1.58 and a beta of 0.82.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $492.62 million. During the same quarter last year, the business posted $1.67 EPS. The company’s quarterly revenue was up 9.2% on a year-over-year basis. On average, analysts forecast that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, November 24th were given a dividend of $0.375 per share. 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 18.66%.

Insider Buying and Selling at Paycom Software

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

Hedge Funds Weigh In On Paycom Software

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tema Etfs LLC purchased a new stake in shares of Paycom Software during the 4th quarter valued at $63,000. Three Seasons Wealth LLC grew its position in Paycom Software by 6.2% in the fourth quarter. Three Seasons Wealth LLC now owns 3,028 shares of the software maker’s stock worth $483,000 after acquiring an additional 178 shares in the last quarter. Birch Financial Group LLC increased its stake in Paycom Software by 12.3% in the fourth quarter. Birch Financial Group LLC now owns 3,277 shares of the software maker’s stock valued at $522,000 after acquiring an additional 360 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its position in Paycom Software by 1.3% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 19,859 shares of the software maker’s stock valued at $3,165,000 after purchasing an additional 259 shares in the last quarter. Finally, Cascade Investment Advisors Inc. lifted its stake in Paycom Software by 13.5% during the fourth quarter. Cascade Investment Advisors Inc. now owns 8,082 shares of the software maker’s stock worth $1,288,000 after purchasing an additional 961 shares during the last quarter. 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.