Brokerages Set Paycom Software, Inc. (NYSE:PAYC) PT at $159.67

Shares of Paycom Software, Inc. (NYSE:PAYC) have been given a consensus rating of “Hold” by the fourteen ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and five have given a 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 $159.6667.

Several research analysts have issued reports on PAYC shares. UBS Group dropped their target price on Paycom Software from $210.00 to $183.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. Zacks Research upgraded Paycom Software from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 18th. Citigroup increased their target price on Paycom Software from $120.00 to $136.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Barclays reduced their target price on Paycom Software from $150.00 to $148.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 7th. Finally, Jefferies Financial Group reduced their target price on Paycom Software from $190.00 to $130.00 and set a “hold” rating on the stock in a research note on Thursday, February 12th.

Institutional Trading of Paycom Software

Several institutional investors and hedge funds have recently modified their holdings of PAYC. Vanguard Group Inc. raised its position in Paycom Software by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 5,802,788 shares of the software maker’s stock valued at $1,207,792,000 after purchasing an additional 179,218 shares in the last quarter. State Street Corp raised its position in Paycom Software by 0.4% during the 4th quarter. State Street Corp now owns 2,165,546 shares of the software maker’s stock valued at $345,101,000 after purchasing an additional 8,419 shares in the last quarter. Baillie Gifford & Co. raised its position in Paycom Software by 10.3% during the 3rd quarter. Baillie Gifford & Co. now owns 1,708,662 shares of the software maker’s stock valued at $355,641,000 after purchasing an additional 158,967 shares in the last quarter. First Trust Advisors LP grew its holdings in Paycom Software by 19.9% during the 4th quarter. First Trust Advisors LP now owns 1,665,529 shares of the software maker’s stock worth $265,419,000 after acquiring an additional 275,954 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Paycom Software by 28.2% during the 4th quarter. Invesco Ltd. now owns 1,559,682 shares of the software maker’s stock worth $248,551,000 after acquiring an additional 343,494 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Paycom Software Trading Up 2.0%

Shares of PAYC opened at $136.28 on Wednesday. Paycom Software has a twelve month low of $104.90 and a twelve month high of $267.76. The company has a market cap of $6.49 billion, a P/E ratio of 15.75, a P/E/G ratio of 1.22 and a beta of 0.77. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.83. The company’s fifty day simple moving average is $126.69 and its 200-day simple moving average is $143.81.

Paycom Software (NYSE:PAYC) last announced its earnings results on Wednesday, May 6th. The software maker reported $3.15 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.16. Paycom Software had a net margin of 22.44% and a return on equity of 28.34%. The business had revenue of $571.80 million for the quarter, compared to the consensus estimate of $564.37 million. During the same quarter in the prior year, the firm posted $2.80 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, analysts expect that Paycom Software will post 8.73 EPS for the current year.

Paycom Software Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Tuesday, May 26th. Paycom Software’s dividend payout ratio is currently 17.34%.

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.