Paycom Software, Inc. (NYSE:PAYC) Receives Consensus Rating of "Hold" from Analysts

Paycom Software, Inc. (NYSE:PAYC - Get Free Report) has received an average recommendation of "Hold" from the twelve analysts that are currently covering the stock, Marketbeat reports. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $212.80.

Several equities analysts recently weighed in on the company. Barclays cut their price objective on Paycom Software from $229.00 to $221.00 and set an "equal weight" rating for the company in a research report on Thursday, January 23rd. Stifel Nicolaus lowered their price objective on shares of Paycom Software from $215.00 to $187.00 and set a "hold" rating on the stock in a research note on Thursday, February 13th. Mizuho upped their target price 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. StockNews.com lowered shares of Paycom Software from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, KeyCorp raised Paycom Software from a "sector weight" rating to an "overweight" rating and set a $245.00 price target for the company in a report on Monday, March 10th.

Remove Ads

Paycom Software Price Performance

PAYC traded up $5.43 on Tuesday, hitting $215.65. The company had a trading volume of 406,694 shares, compared to its average volume of 723,150. The stock has a market cap of $12.48 billion, a price-to-earnings ratio of 24.23, a price-to-earnings-growth ratio of 2.40 and a beta of 0.97. The company's fifty day moving average price is $212.70 and its 200 day moving average price is $206.65. Paycom Software has a 1-year low of $139.50 and a 1-year high of $242.74.

Paycom Software (NYSE:PAYC - Get Free Report) last posted its earnings results on Wednesday, February 12th. The software maker reported $2.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.99 by $0.03. Paycom Software had a net margin of 26.66% and a return on equity of 33.53%. On average, sell-side analysts forecast that Paycom Software will post 7.15 EPS for the current year.

Paycom Software Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.50 annualized dividend and a yield of 0.70%. Paycom Software's dividend payout ratio is currently 16.85%.

Insider Buying and Selling at Paycom Software

In other Paycom Software news, Director J C. Watts, Jr. sold 500 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $218.22, for a total value of $109,110.00. Following the transaction, the director now owns 7,730 shares of the company's stock, valued at approximately $1,686,840.60. The trade was a 6.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Randall Peck sold 3,600 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $212.19, for a total value of $763,884.00. Following the sale, the chief operating officer now owns 50,665 shares in the company, valued at $10,750,606.35. The trade was a 6.63 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,100 shares of company stock valued at $1,476,024. 14.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Paycom Software

A number of hedge funds have recently added to or reduced their stakes in the stock. Glass Jacobson Investment Advisors llc increased its stake in shares of Paycom Software by 746.7% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 127 shares of the software maker's stock valued at $26,000 after buying an additional 112 shares during the period. Murphy & Mullick Capital Management Corp acquired a new stake in Paycom Software in the fourth quarter worth about $30,000. MassMutual Private Wealth & Trust FSB raised its holdings in Paycom Software by 135.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the software maker's stock worth $33,000 after purchasing an additional 87 shares during the last quarter. Putney Financial Group LLC bought a new stake in Paycom Software during the 4th quarter worth about $39,000. Finally, IFP Advisors Inc lifted its position in Paycom Software by 635.7% during the 4th quarter. IFP Advisors Inc now owns 206 shares of the software maker's stock valued at $43,000 after purchasing an additional 178 shares during the period. Institutional investors own 87.77% of the company's stock.

About Paycom Software

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.