Paycom Software, Inc. (NYSE:PAYC) Given Consensus Recommendation of "Hold" by Brokerages

Paycom Software, Inc. (NYSE:PAYC - Get Free Report) has been given a consensus recommendation of "Hold" by the twelve ratings firms that are currently covering the firm, Marketbeat Ratings reports. Eleven research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $212.80.

Several analysts recently commented on PAYC shares. StockNews.com lowered Paycom Software from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Stifel Nicolaus dropped their price objective on shares of Paycom Software from $215.00 to $187.00 and set a "hold" rating on the stock in a report on Thursday, February 13th. KeyCorp upgraded shares of Paycom Software from a "sector weight" rating to an "overweight" rating and set a $245.00 price target on the stock in a research report on Monday, March 10th. Barclays cut their price objective on shares of 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. Finally, Piper Sandler raised their target price on Paycom Software from $191.00 to $224.00 and gave the stock a "neutral" rating in a report on Friday, February 14th.

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Paycom Software Stock Up 3.8 %

Shares of NYSE:PAYC traded up $7.87 on Friday, hitting $215.86. 898,000 shares of the company traded hands, compared to its average volume of 701,669. The stock has a 50 day simple moving average of $209.04 and a 200-day simple moving average of $199.78. The company has a market cap of $12.36 billion, a PE ratio of 24.25, a PEG ratio of 2.40 and a beta of 1.14. Paycom Software has a 52 week low of $139.50 and a 52 week high of $242.74.

Paycom Software (NYSE:PAYC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The software maker reported $2.02 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%. As a group, sell-side analysts anticipate that Paycom Software will post 7.15 earnings per share for the current year.

Paycom Software Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.69%. The ex-dividend date is Monday, March 10th. Paycom Software's payout ratio is 16.85%.

Insider Activity

In other news, Director J C. Watts, Jr. sold 500 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $218.22, for a total value of $109,110.00. Following the sale, the director now directly owns 7,730 shares in the company, valued at approximately $1,686,840.60. This trade represents a 6.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Randall Peck sold 3,600 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $212.19, for a total transaction of $763,884.00. Following the completion of the sale, the chief operating officer now owns 50,665 shares of the company's stock, valued at approximately $10,750,606.35. This trade represents a 6.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 14.50% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PAYC. Glass Jacobson Investment Advisors llc increased its holdings in shares of Paycom Software by 746.7% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 127 shares of the software maker's stock valued at $26,000 after purchasing an additional 112 shares during the period. Brooklyn Investment Group acquired a new position in Paycom Software in the 3rd quarter worth approximately $28,000. Pin Oak Investment Advisors Inc. lifted its stake in Paycom Software by 73.3% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 182 shares of the software maker's stock valued at $30,000 after acquiring an additional 77 shares during the period. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Paycom Software in the 4th quarter valued at $30,000. Finally, First Horizon Advisors Inc. raised its holdings in shares of Paycom Software by 821.7% during the third quarter. First Horizon Advisors Inc. now owns 212 shares of the software maker's stock worth $35,000 after purchasing an additional 189 shares during the last quarter. Institutional investors and hedge funds 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.