Paycom Software, Inc. (NYSE:PAYC) Receives $202.56 Consensus Price Target from Analysts

Paycom Software, Inc. (NYSE:PAYC - Get Free Report) has been assigned a consensus rating of "Hold" from the twelve research firms that are covering the company, MarketBeat Ratings reports. Eleven investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $202.56.

A number of research analysts have issued reports on the stock. Barclays raised their price target on shares of Paycom Software from $172.00 to $181.00 and gave the stock an "equal weight" rating in a report on Thursday, October 31st. BMO Capital Markets lifted their target price on Paycom Software from $183.00 to $197.00 and gave the stock a "market perform" rating in a report on Thursday, October 31st. TD Cowen increased their price target on shares of Paycom Software from $193.00 to $248.00 and gave the stock a "hold" rating in a report on Monday, December 9th. Mizuho lifted their price objective on shares of Paycom Software from $190.00 to $210.00 and gave the company a "neutral" rating in a research note on Friday, December 13th. Finally, StockNews.com raised shares of Paycom Software from a "hold" rating to a "buy" rating in a report on Monday, December 16th.

Insider Activity at Paycom Software

In related news, CEO Chad R. Richison sold 1,950 shares of the company's stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $229.09, for a total transaction of $446,725.50. Following the sale, the chief executive officer now directly owns 2,731,410 shares in the company, valued at approximately $625,738,716.90. This represents a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders sold 37,050 shares of company stock worth $6,780,365. Company insiders own 14.50% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PAYC. Nisa Investment Advisors LLC lifted its holdings in Paycom Software by 51.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,666 shares of the software maker's stock worth $444,000 after buying an additional 905 shares during the last quarter. Profund Advisors LLC acquired a new stake in shares of Paycom Software during the 2nd quarter worth about $589,000. Sylebra Capital LLC lifted its stake in Paycom Software by 53.9% during the second quarter. Sylebra Capital LLC now owns 1,957,468 shares of the software maker's stock worth $279,996,000 after purchasing an additional 685,190 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Paycom Software by 9.3% in the third quarter. Principal Financial Group Inc. now owns 65,809 shares of the software maker's stock valued at $10,962,000 after purchasing an additional 5,574 shares in the last quarter. Finally, FMR LLC increased its stake in Paycom Software by 55.0% in the third quarter. FMR LLC now owns 1,007,919 shares of the software maker's stock valued at $167,889,000 after purchasing an additional 357,723 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company's stock.

Paycom Software Stock Down 1.1 %

Shares of PAYC traded down $2.38 during mid-day trading on Friday, hitting $206.72. 351,156 shares of the company traded hands, compared to its average volume of 785,308. The company has a market capitalization of $11.92 billion, a PE ratio of 24.88, a price-to-earnings-growth ratio of 3.12 and a beta of 1.11. The business has a 50 day moving average of $215.32 and a 200 day moving average of $178.40. Paycom Software has a 1-year low of $139.50 and a 1-year high of $242.74.

Paycom Software Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, November 25th were given a dividend of $0.375 per share. The ex-dividend date was Monday, November 25th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.73%. Paycom Software's payout ratio is currently 18.05%.

Paycom Software Company Profile

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.