Paycom Software, Inc. (NYSE:PAYC) Receives $159.75 Average Target Price from Brokerages

Shares of Paycom Software, Inc. (NYSE:PAYC) have been assigned a consensus rating of “Moderate Buy” from the fourteen analysts that are presently covering the company, MarketBeat.com reports. Eight analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $159.75.

Several equities analysts recently issued reports on the company. Zacks Research raised Paycom Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. TD Cowen reduced their target price on Paycom Software from $154.00 to $149.00 and set a “buy” rating for the company in a report on Friday, June 26th. UBS Group reduced their target price on Paycom Software from $210.00 to $183.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. Barclays boosted their price target on Paycom Software from $148.00 to $154.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st. Finally, Citigroup upped their price target on Paycom Software from $120.00 to $136.00 and gave the company a “neutral” rating in a report on Thursday, May 7th.

Paycom Software Stock Up 4.6%

Shares of Paycom Software stock opened at $169.23 on Monday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market capitalization of $8.06 billion, a PE ratio of 19.56, a price-to-earnings-growth ratio of 1.37 and a beta of 0.80. Paycom Software has a 52-week low of $104.90 and a 52-week high of $248.95. The company has a 50-day simple moving average of $138.02 and a two-hundred day simple moving average of $133.21.

Paycom Software (NYSE:PAYC) last issued its earnings results on Wednesday, May 6th. The software maker reported $3.15 earnings per share (EPS) for the quarter, topping 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 firm 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 was up 7.8% on a year-over-year basis. On average, analysts anticipate that Paycom Software will post 9.37 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th were given a $0.375 dividend. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $1.50 dividend on an annualized basis and a yield of 0.9%. Paycom Software’s payout ratio is 17.34%.

Institutional Trading of Paycom Software

Institutional investors have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. raised its holdings in shares of Paycom Software by 190.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker’s stock valued at $25,000 after purchasing an additional 101 shares during the last quarter. Clearstead Advisors LLC boosted its holdings in Paycom Software by 140.3% in the fourth quarter. Clearstead Advisors LLC now owns 161 shares of the software maker’s stock worth $26,000 after purchasing an additional 94 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in Paycom Software in the second quarter worth approximately $29,000. MUFG Securities EMEA plc purchased a new stake in Paycom Software in the second quarter worth approximately $33,000. Finally, Palisade Asset Management LLC bought a new stake in Paycom Software in the 3rd quarter worth approximately $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.