Brokerages Set Paycom Software, Inc. (NYSE:PAYC) PT at $257.18

Shares of Paycom Software, Inc. (NYSE:PAYC) have been given a consensus rating of “Hold” by the nineteen research firms that are presently covering the firm, MarketBeat reports. Sixteen research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $257.18.

A number of research firms recently commented on PAYC. Citigroup decreased their target price on Paycom Software from $205.00 to $198.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 31st. Piper Sandler boosted their target price on Paycom Software from $185.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. UBS Group boosted their target price on Paycom Software from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Jefferies Financial Group restated a “hold” rating and set a $195.00 price objective on shares of Paycom Software in a research report on Friday, January 5th. Finally, JPMorgan Chase & Co. upped their price objective on Paycom Software from $140.00 to $165.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Mather Group LLC. bought a new position in Paycom Software in the first quarter worth approximately $26,000. Hexagon Capital Partners LLC grew its stake in Paycom Software by 333.3% in the fourth quarter. Hexagon Capital Partners LLC now owns 130 shares of the software maker’s stock worth $27,000 after purchasing an additional 100 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its stake in Paycom Software by 83.5% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 156 shares of the software maker’s stock worth $40,000 after purchasing an additional 71 shares in the last quarter. Transcendent Capital Group LLC bought a new position in Paycom Software in the fourth quarter worth approximately $41,000. Finally, GAMMA Investing LLC purchased a new stake in Paycom Software during the fourth quarter worth $49,000. Institutional investors own 87.77% of the company’s stock.

Paycom Software Stock Down 0.7 %

Shares of Paycom Software stock opened at $186.58 on Tuesday. The stock’s 50-day simple moving average is $189.86 and its 200-day simple moving average is $198.20. Paycom Software has a 52 week low of $146.15 and a 52 week high of $374.04. The company has a market capitalization of $10.74 billion, a price-to-earnings ratio of 31.62, a PEG ratio of 3.21 and a beta of 1.17.

Paycom Software (NYSE:PAYC) last posted its earnings results on Wednesday, February 7th. The software maker reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.15. The company had revenue of $434.60 million for the quarter, compared to the consensus estimate of $422.50 million. Paycom Software had a return on equity of 24.60% and a net margin of 20.12%. The firm’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.38 earnings per share. On average, equities analysts expect that Paycom Software will post 5.73 earnings per share for the current year.

Paycom Software Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, March 4th were paid a dividend of $0.375 per share. The ex-dividend date was Friday, March 1st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.80%. Paycom Software’s dividend payout ratio is 25.42%.

About Paycom Software

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.