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

Shares of Paycom Software, Inc. (NYSE:PAYC - Get Free Report) have received an average recommendation of "Hold" from the twelve brokerages that are presently covering the firm, MarketBeat Ratings reports. Eleven investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $193.67.

Several analysts recently issued reports on PAYC shares. StockNews.com lowered shares of Paycom Software from a "buy" rating to a "hold" rating in a report on Monday, July 15th. Citigroup upped their price objective on shares of Paycom Software from $172.00 to $196.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Jefferies Financial Group lifted their target price on shares of Paycom Software from $170.00 to $175.00 and gave the company a "hold" rating in a report on Thursday, October 31st. Barclays upped their price target on Paycom Software from $172.00 to $181.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 31st. Finally, Piper Sandler lifted their price objective on Paycom Software from $160.00 to $191.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st.

Paycom Software Price Performance

PAYC traded up $1.56 during trading hours on Friday, reaching $228.75. The company's stock had a trading volume of 492,992 shares, compared to its average volume of 756,983. The stock has a market cap of $13.19 billion, a PE ratio of 27.53, a P/E/G ratio of 3.09 and a beta of 1.14. Paycom Software has a fifty-two week low of $139.50 and a fifty-two week high of $233.69. The business's 50-day moving average is $173.56 and its 200-day moving average is $164.47.

Paycom Software Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, November 25th will be issued a dividend of $0.375 per share. The ex-dividend date is Monday, November 25th. This represents a $1.50 annualized dividend and a yield of 0.66%. Paycom Software's dividend payout ratio (DPR) is 18.05%.

Insider Activity

In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the business's stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $155.63, for a total transaction of $303,478.50. Following the completion of the transaction, the chief executive officer now owns 2,978,858 shares in the company, valued at $463,599,670.54. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the firm's stock in a transaction on Monday, August 12th. The stock was sold at an average price of $155.63, for a total value of $303,478.50. Following the sale, the chief executive officer now directly owns 2,978,858 shares in the company, valued at $463,599,670.54. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Craig E. Boelte sold 11,882 shares of the company's stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $155.98, for a total value of $1,853,354.36. Following the transaction, the chief financial officer now directly owns 294,849 shares of the company's stock, valued at approximately $45,990,547.02. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 70,382 shares of company stock worth $11,805,199. 14.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Paycom Software

Several hedge funds have recently added to or reduced their stakes in the stock. Wrapmanager Inc. grew its holdings in shares of Paycom Software by 2.6% during the third quarter. Wrapmanager Inc. now owns 2,176 shares of the software maker's stock worth $362,000 after purchasing an additional 56 shares during the last quarter. Empirical Finance LLC grew its stake in Paycom Software by 3.9% during the 1st quarter. Empirical Finance LLC now owns 1,580 shares of the software maker's stock worth $314,000 after buying an additional 60 shares during the last quarter. Andina Capital Management LLC increased its position in Paycom Software by 4.0% during the third quarter. Andina Capital Management LLC now owns 1,651 shares of the software maker's stock worth $275,000 after buying an additional 63 shares during the period. Davis Investment Partners LLC lifted its stake in Paycom Software by 1.0% in the third quarter. Davis Investment Partners LLC now owns 6,397 shares of the software maker's stock valued at $1,067,000 after buying an additional 64 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Paycom Software by 26.7% in the third quarter. GAMMA Investing LLC now owns 323 shares of the software maker's stock valued at $54,000 after acquiring an additional 68 shares during the period. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

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.