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

Paycom Software, Inc. (NYSE:PAYC) has received an average recommendation of “Hold” from the fourteen research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $159.25.

Several equities analysts recently weighed in on the stock. Cantor Fitzgerald raised their target price on shares of Paycom Software from $115.00 to $135.00 and gave the company a “neutral” rating in a research note on Friday, March 6th. Mizuho boosted their price target on shares of Paycom Software from $120.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. UBS Group dropped their price objective on shares of Paycom Software from $210.00 to $183.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. Barclays dropped their price objective on shares of Paycom Software from $150.00 to $148.00 and set an “equal weight” rating for the company in a report on Thursday, May 7th. Finally, BMO Capital Markets raised their price objective on Paycom Software from $137.00 to $145.00 and gave the company a “market perform” rating in a research report on Thursday, May 7th.

Institutional Trading of Paycom Software

Large investors have recently added to or reduced their stakes in the company. Sienna Gestion purchased a new position in shares of Paycom Software in the 3rd quarter worth $4,515,000. Willis Investment Counsel raised its position in shares of Paycom Software by 122.2% during the 4th quarter. Willis Investment Counsel now owns 22,100 shares of the software maker’s stock valued at $3,522,000 after buying an additional 12,156 shares in the last quarter. Berkeley Inc lifted its holdings in shares of Paycom Software by 47.5% in the 4th quarter. Berkeley Inc now owns 40,794 shares of the software maker’s stock valued at $6,501,000 after acquiring an additional 13,140 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Paycom Software by 203.1% in the 4th quarter. Nordea Investment Management AB now owns 190,276 shares of the software maker’s stock valued at $30,336,000 after acquiring an additional 127,493 shares during the last quarter. Finally, Harbor Capital Advisors Inc. bought a new position in shares of Paycom Software in the 4th quarter valued at about $1,911,000. Institutional investors own 87.77% of the company’s stock.

Paycom Software Trading Up 6.5%

PAYC stock opened at $133.85 on Thursday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.08 and a quick ratio of 1.08. Paycom Software has a 1-year low of $104.90 and a 1-year high of $248.95. The business has a 50 day simple moving average of $132.65 and a two-hundred day simple moving average of $135.29. The company has a market capitalization of $6.38 billion, a price-to-earnings ratio of 15.47, a PEG ratio of 1.07 and a beta of 0.80.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Wednesday, May 6th. The software maker reported $3.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.16. Paycom Software had a net margin of 22.44% and a return on equity of 28.34%. The firm had revenue of $571.80 million for the quarter, compared to analysts’ expectations of $564.37 million. During the same quarter last year, the business posted $2.80 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. Research analysts anticipate that Paycom Software will post 9.32 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Tuesday, May 26th were paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $1.50 dividend on an annualized basis and a yield of 1.1%. Paycom Software’s dividend payout ratio is presently 17.34%.

About Paycom Software

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.