Paycom Software, Inc. (NYSE:PAYC) Given Average Rating of “Hold” by Brokerages

Paycom Software, Inc. (NYSE:PAYC) has earned a consensus recommendation of “Hold” from the fifteen analysts that are currently covering the stock, Marketbeat reports. Nine research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $214.2308.

A number of analysts have weighed in on the company. TD Cowen upped their target price on Paycom Software from $149.00 to $244.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. UBS Group lifted their price target on Paycom Software from $205.00 to $285.00 and gave the company a “buy” rating in a report on Tuesday, September 1st. Stifel Nicolaus boosted their price target on Paycom Software from $120.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, August 6th. Wall Street Zen cut Paycom Software from a “buy” rating to a “hold” rating in a research note on Sunday, September 6th. Finally, BMO Capital Markets raised their price objective on Paycom Software from $145.00 to $208.00 and gave the company a “market perform” rating in a research report on Thursday, August 6th.

Insider Buying and Selling at Paycom Software

In other news, insider Shane Hadlock sold 241 shares of Paycom Software stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $240.07, for a total value of $57,856.87. Following the transaction, the insider owned 69,911 shares of the company’s stock, valued at $16,783,533.77. The trade was a 0.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 13.20% of the company’s stock.

Institutional Investors Weigh In On Paycom Software

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Paycom Software in the second quarter worth $632,460,000. Reinhart Partners LLC. boosted its position in shares of Paycom Software by 887.4% in the 4th quarter. Reinhart Partners LLC. now owns 598,323 shares of the software maker’s stock worth $95,351,000 after purchasing an additional 537,726 shares in the last quarter. Contour Asset Management LLC acquired a new stake in shares of Paycom Software in the 4th quarter worth $60,333,000. Bank of New York Mellon Corp purchased a new position in Paycom Software during the 2nd quarter worth $42,858,000. Finally, River Road Asset Management LLC grew its stake in Paycom Software by 481.9% during the 4th quarter. River Road Asset Management LLC now owns 392,403 shares of the software maker’s stock worth $62,533,000 after buying an additional 324,970 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Paycom Software Trading Up 0.1%

NYSE:PAYC opened at $226.32 on Tuesday. The firm has a 50-day simple moving average of $199.65 and a 200-day simple moving average of $154.51. Paycom Software has a one year low of $104.90 and a one year high of $244.98. The firm has a market cap of $10.20 billion, a P/E ratio of 24.05, a P/E/G ratio of 1.26 and a beta of 0.78. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.07 and a current ratio of 1.07.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Wednesday, August 5th. The software maker reported $2.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.38 by $0.40. The firm had revenue of $531.20 million for the quarter, compared to the consensus estimate of $513.12 million. Paycom Software had a net margin of 22.78% and a return on equity of 37.06%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the firm earned $2.06 earnings per share. Equities analysts anticipate that Paycom Software will post 10.65 EPS for the current fiscal year.

Paycom Software Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, August 24th. Paycom Software’s dividend payout ratio is presently 15.94%.

Paycom Software Company Profile

Paycom Software, Inc is a provider of cloud-based payroll and human capital management (HCM) software for businesses. Its platform is designed to help organizations manage employee data and payroll processes through a unified system, serving small, midsize and larger employers primarily in the United States.

The company’s products and services include payroll processing, tax management, time and labor management, talent acquisition, onboarding, employee learning, performance management, compensation planning, benefits administration, expense management and compliance tools.