Brokerages Set Paycom Software, Inc. (NYSE:PAYC) Price Target at $209.22

Shares of Paycom Software, Inc. (NYSE:PAYC - Get Free Report) have been given a consensus rating of "Hold" by the eleven research firms that are presently covering the stock, Marketbeat reports. Eleven investment analysts have rated the stock with a hold rating. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $209.22.

A number of research analysts have weighed in on PAYC shares. BMO Capital Markets raised their price objective on Paycom Software from $183.00 to $197.00 and gave the company a "market perform" rating in a report on Thursday, October 31st. StockNews.com raised shares of Paycom Software from a "hold" rating to a "buy" rating in a research note on Friday, January 31st. TD Cowen upped their price objective on shares of Paycom Software from $193.00 to $248.00 and gave the company a "hold" rating in a research note on Monday, December 9th. Needham & Company LLC reissued a "hold" rating on shares of Paycom Software in a research note on Thursday, February 13th. Finally, Piper Sandler upped their price target on Paycom Software from $191.00 to $224.00 and gave the company a "neutral" rating in a research report on Friday, February 14th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. FMR LLC raised its stake in shares of Paycom Software by 137.8% in the 4th quarter. FMR LLC now owns 2,396,452 shares of the software maker's stock valued at $491,201,000 after acquiring an additional 1,388,533 shares during the period. Sylebra Capital LLC lifted its stake in Paycom Software by 63.8% during the fourth quarter. Sylebra Capital LLC now owns 3,215,085 shares of the software maker's stock worth $658,996,000 after purchasing an additional 1,252,617 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Paycom Software by 1,153.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 401,889 shares of the software maker's stock worth $82,375,000 after buying an additional 369,825 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Paycom Software in the fourth quarter valued at $63,923,000. Finally, Zurich Insurance Group Ltd FI purchased a new stake in shares of Paycom Software in the 4th quarter valued at $60,882,000. Institutional investors and hedge funds own 87.77% of the company's stock.

Paycom Software Stock Performance

Shares of PAYC stock traded down $1.95 on Monday, reaching $214.22. 324,243 shares of the company were exchanged, compared to its average volume of 545,221. Paycom Software has a 1 year low of $139.50 and a 1 year high of $242.74. The business has a 50-day moving average price of $208.86 and a 200 day moving average price of $193.01. The company has a market cap of $12.35 billion, a price-to-earnings ratio of 24.07, a P/E/G ratio of 2.48 and a beta of 1.15.

Paycom Software (NYSE:PAYC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $2.02 EPS for the quarter, topping the consensus estimate of $1.99 by $0.03. Paycom Software had a return on equity of 33.53% and a net margin of 26.66%. As a group, equities analysts anticipate that Paycom Software will post 6.9 earnings per share for the current year.

Paycom Software Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Monday, March 10th. Paycom Software's dividend payout ratio is presently 16.85%.

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.