Q1 EPS Estimates for Paycom Software Decreased by Analyst

Paycom Software, Inc. (NYSE:PAYC - Free Report) - Zacks Research decreased their Q1 2025 earnings per share (EPS) estimates for shares of Paycom Software in a research report issued to clients and investors on Monday, January 13th. Zacks Research analyst R. Department now anticipates that the software maker will earn $2.29 per share for the quarter, down from their prior forecast of $2.30. The consensus estimate for Paycom Software's current full-year earnings is $6.88 per share. Zacks Research also issued estimates for Paycom Software's FY2025 earnings at $7.11 EPS.

Other equities research analysts have also recently issued research reports about the company. Barclays upped their price objective 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. StockNews.com upgraded Paycom Software from a "hold" rating to a "buy" rating in a research note on Monday, December 16th. Citigroup increased their price target on Paycom Software from $172.00 to $196.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. TD Cowen increased their price target on Paycom Software from $193.00 to $248.00 and gave the company a "hold" rating in a research note on Monday, December 9th. Finally, Jefferies Financial Group increased their price target on Paycom Software from $170.00 to $175.00 and gave the company a "hold" rating in a research note on Thursday, October 31st. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, Paycom Software currently has an average rating of "Hold" and a consensus target price of $196.63.

Paycom Software Trading Up 0.9 %

Shares of Paycom Software stock traded up $1.84 on Wednesday, reaching $205.10. 576,472 shares of the company were exchanged, compared to its average volume of 461,875. Paycom Software has a one year low of $139.50 and a one year high of $242.74. The company has a market capitalization of $11.83 billion, a price-to-earnings ratio of 24.68, a PEG ratio of 3.12 and a beta of 1.14. The company has a 50-day moving average of $220.30 and a 200 day moving average of $183.47.

Institutional Trading of Paycom Software

Several large investors have recently bought and sold shares of PAYC. Sylebra Capital LLC boosted its stake in Paycom Software by 53.9% in the second quarter. Sylebra Capital LLC now owns 1,957,468 shares of the software maker's stock valued at $279,996,000 after buying an additional 685,190 shares in the last quarter. FMR LLC boosted its stake in shares of Paycom Software by 55.0% during the third quarter. FMR LLC now owns 1,007,919 shares of the software maker's stock valued at $167,889,000 after purchasing an additional 357,723 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Paycom Software by 9,997.5% during the third quarter. International Assets Investment Management LLC now owns 281,315 shares of the software maker's stock worth $46,859,000 after purchasing an additional 278,529 shares during the last quarter. Confluence Investment Management LLC grew its holdings in shares of Paycom Software by 147.3% during the third quarter. Confluence Investment Management LLC now owns 377,876 shares of the software maker's stock worth $62,943,000 after purchasing an additional 225,081 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Paycom Software by 45.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 486,462 shares of the software maker's stock worth $81,030,000 after purchasing an additional 151,807 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Paycom Software

In related news, CEO Chad R. Richison sold 1,950 shares of the firm's stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $229.09, for a total value of $446,725.50. Following the sale, the chief executive officer now directly owns 2,731,410 shares of the company's stock, valued at $625,738,716.90. This trade represents a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last three months, insiders have sold 23,400 shares of company stock valued at $4,534,725. 14.50% of the stock is owned by corporate insiders.

Paycom Software Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, November 25th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.73%. The ex-dividend date was Monday, November 25th. Paycom Software's dividend payout ratio (DPR) is currently 18.05%.

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.