Brokerages Set Paycom Software, Inc. (NYSE:PAYC) Target Price at $209.22

Paycom Software, Inc. (NYSE:PAYC) has been assigned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the firm, Marketbeat reports. Eleven research analysts have rated the stock with a hold rating. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $209.22.

PAYC has been the topic of several research reports. Mizuho upped their price target on Paycom Software from $190.00 to $210.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Citigroup reduced their target price 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 boosted their price target on shares of Paycom Software from $170.00 to $175.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. increased their price objective on shares of Paycom Software from $185.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Finally, StockNews.com raised shares of Paycom Software from a “hold” rating to a “buy” rating in a report on Friday, January 31st.

Paycom Software Trading Up 1.1 %

PAYC opened at $215.86 on Monday. Paycom Software has a 1-year low of $139.50 and a 1-year high of $242.74. The stock has a market capitalization of $12.45 billion, a PE ratio of 24.25, a PEG ratio of 2.34 and a beta of 1.15. The firm has a 50-day moving average price of $208.86 and a two-hundred day moving average price of $193.01.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Wednesday, February 12th. The software maker reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.03. Paycom Software had a net margin of 26.66% and a return on equity of 33.53%. On average, research analysts predict that Paycom Software will post 7.16 EPS for the current year.

Paycom Software Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Monday, March 10th. Paycom Software’s dividend payout ratio (DPR) is 16.85%.

Institutional Trading of Paycom Software

Hedge funds have recently added to or reduced their stakes in the business. Sylebra Capital LLC increased its holdings in shares of Paycom Software by 63.8% in the fourth quarter. Sylebra Capital LLC now owns 3,215,085 shares of the software maker’s stock worth $658,996,000 after acquiring an additional 1,252,617 shares in the last quarter. FMR LLC increased its stake in Paycom Software by 137.8% during the 4th quarter. FMR LLC now owns 2,396,452 shares of the software maker’s stock worth $491,201,000 after purchasing an additional 1,388,533 shares in the last quarter. Geode Capital Management LLC increased its stake in Paycom Software by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 1,516,768 shares of the software maker’s stock worth $310,245,000 after purchasing an additional 89,848 shares in the last quarter. Northern Trust Corp lifted its stake in Paycom Software by 10.9% in the fourth quarter. Northern Trust Corp now owns 724,016 shares of the software maker’s stock valued at $148,402,000 after buying an additional 70,897 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Paycom Software by 1.0% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 627,510 shares of the software maker’s stock valued at $104,524,000 after buying an additional 6,488 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

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.