Paycom Software, Inc. (PAYC) To Go Ex-Dividend on May 26th

Paycom Software, Inc. (NYSE:PAYC) declared a quarterly dividend on Monday, May 4th. Shareholders of record on Tuesday, May 26th will be paid a dividend of 0.375 per share by the software maker on Monday, June 8th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, May 26th.

Paycom Software has a dividend payout ratio of 15.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Paycom Software to earn $9.54 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 15.7%.

Paycom Software Price Performance

Shares of NYSE:PAYC opened at $131.63 on Wednesday. Paycom Software has a 1 year low of $104.90 and a 1 year high of $267.76. The firm has a market capitalization of $6.27 billion, a PE ratio of 16.27, a P/E/G ratio of 1.39 and a beta of 0.77. The business’s 50 day moving average price is $125.21 and its 200-day moving average price is $147.15.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, February 11th. The software maker reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.01. Paycom Software had a return on equity of 24.25% and a net margin of 22.10%.The company had revenue of $544.30 million for the quarter, compared to analyst estimates of $542.79 million. During the same quarter last year, the firm posted $2.32 EPS. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, analysts expect that Paycom Software will post 8.59 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have commented on PAYC shares. TD Cowen cut their price objective on shares of Paycom Software from $200.00 to $184.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Cantor Fitzgerald increased their price target on Paycom Software from $115.00 to $135.00 and gave the company a “neutral” rating in a report on Friday, March 6th. KeyCorp lowered their price objective on Paycom Software from $250.00 to $195.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. Citigroup cut their target price on Paycom Software from $185.00 to $128.00 and set a “neutral” rating for the company in a research note on Friday, February 13th. Finally, UBS Group lowered their price target on shares of Paycom Software from $210.00 to $183.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. Five equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Paycom Software presently has a consensus rating of “Hold” and an average price target of $168.79.

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.