Paycom Software, Inc. (NYSE:PAYC) Given Consensus Rating of “Hold” by Brokerages

Paycom Software, Inc. (NYSE:PAYC) has been assigned a consensus rating of “Hold” from the seventeen brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $168.5714.

Several equities research analysts recently issued reports on PAYC shares. UBS Group dropped their price target on shares of Paycom Software from $245.00 to $210.00 and set a “buy” rating on the stock in a research note on Monday, January 26th. Barclays dropped their target price on Paycom Software from $185.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 12th. Mizuho reduced their price target on Paycom Software from $180.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday, February 12th. Jefferies Financial Group lowered their price objective on Paycom Software from $190.00 to $130.00 and set a “hold” rating for the company in a research note on Thursday, February 12th. Finally, KeyCorp dropped their price objective on Paycom Software from $250.00 to $195.00 and set an “overweight” rating on the stock in a report on Thursday, February 12th.

Paycom Software Trading Up 4.8%

NYSE:PAYC opened at $129.85 on Friday. Paycom Software has a twelve month low of $104.90 and a twelve month high of $267.76. The firm’s fifty day simple moving average is $142.54 and its 200 day simple moving average is $177.32. The firm has a market capitalization of $7.05 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 1.35 and a beta of 0.79.

Paycom Software (NYSE:PAYC) last posted its earnings results on Wednesday, February 11th. The software maker reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.01. Paycom Software had a return on equity of 24.25% and a net margin of 22.10%.The business had revenue of $544.30 million during the quarter, compared to analyst estimates of $542.79 million. During the same quarter last year, the firm earned $2.32 earnings per share. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, analysts predict that Paycom Software will post 7.15 earnings per share for the current year.

Paycom Software Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Monday, March 9th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Monday, March 9th. Paycom Software’s payout ratio is 18.54%.

Insider Transactions at Paycom Software

In other Paycom Software news, CFO Robert D. Foster sold 1,300 shares of the stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $162.66, for a total transaction of $211,458.00. Following the transaction, the chief financial officer directly owned 14,747 shares in the company, valued at $2,398,747.02. This represents a 8.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 10.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Paycom Software

Several hedge funds and other institutional investors have recently modified their holdings of the stock. MidFirst Bank bought a new position in shares of Paycom Software during the fourth quarter worth about $802,000. Ketron Financial acquired a new stake in Paycom Software during the fourth quarter valued at approximately $326,000. River Road Asset Management LLC lifted its holdings in Paycom Software by 481.9% during the 4th quarter. River Road Asset Management LLC now owns 392,403 shares of the software maker’s stock worth $62,533,000 after buying an additional 324,970 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Paycom Software by 15.7% during the 4th quarter. Pacer Advisors Inc. now owns 4,866 shares of the software maker’s stock worth $775,000 after buying an additional 662 shares during the last quarter. Finally, Kera Capital Partners Inc. acquired a new position in shares of Paycom Software in the 4th quarter worth approximately $247,000. Institutional investors own 87.77% of the company’s stock.

Paycom Software Company Profile

Paycom Software, Inc (NYSE: PAYC) is a cloud-based human capital management (HCM) software provider that delivers an end-to-end solution for human resources, payroll, talent acquisition, time and labor management, and talent management. Its single-database platform enables organizations to process payroll, track time, administer benefits, and manage recruiting and employee development through a unified system. Paycom’s software is designed to streamline administrative tasks, improve data accuracy, and provide real-time reporting and analytics to support strategic HR decisions.

The company’s core offerings include payroll processing with built-in tax compliance, employee self-service functionality, automated time tracking, and customizable talent acquisition tools that allow employers to create and post job requisitions, screen candidates, and conduct onboarding electronically.