Paycom Software (NYSE:PAYC - Get Free Report) posted its quarterly earnings results on Wednesday. The software maker reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.03, Zacks reports. Paycom Software had a return on equity of 32.90% and a net margin of 25.78%. Paycom Software updated its FY 2025 guidance to EPS.
Paycom Software Trading Down 1.1 %
PAYC traded down $2.26 during trading on Friday, hitting $209.72. The company's stock had a trading volume of 900,247 shares, compared to its average volume of 454,779. The firm has a market capitalization of $12.09 billion, a price-to-earnings ratio of 25.24, a P/E/G ratio of 2.81 and a beta of 1.15. Paycom Software has a twelve month low of $139.50 and a twelve month high of $242.74. The business's fifty day simple moving average is $210.30 and its 200 day simple moving average is $192.20.
Paycom Software Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.50 dividend on an annualized basis and a yield of 0.72%. Paycom Software's payout ratio is 18.05%.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on PAYC. BMO Capital Markets upped their target price on Paycom Software from $183.00 to $197.00 and gave the company a "market perform" rating in a research report on Thursday, October 31st. Citigroup cut their price objective on shares of Paycom Software from $234.00 to $221.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Jefferies Financial Group raised their target price on shares of Paycom Software from $170.00 to $175.00 and gave the stock a "hold" 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 report on Friday, January 31st. Finally, TD Cowen lifted their price objective on Paycom Software from $193.00 to $248.00 and gave the company a "hold" rating in a research note on Monday, December 9th. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Paycom Software currently has a consensus rating of "Hold" and an average price target of $209.22.
Check Out Our Latest Report on PAYC
About Paycom Software
(
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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.
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