Paycom Software, Inc. (NYSE:PAYC) Receives Consensus Recommendation of “Hold” from Analysts

Paycom Software, Inc. (NYSE:PAYC) has been assigned a consensus rating of “Hold” from the eleven ratings firms that are currently covering the stock, MarketBeat.com reports. Ten analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $212.80.

A number of brokerages recently issued reports on PAYC. StockNews.com downgraded Paycom Software from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Citigroup reduced their target price on Paycom Software from $234.00 to $221.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. JPMorgan Chase & Co. boosted their price target on Paycom Software from $185.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a research note on Thursday, February 13th. Finally, Piper Sandler boosted their target price on shares of Paycom Software from $191.00 to $224.00 and gave the company a “neutral” rating in a research report on Friday, February 14th.

Insiders Place Their Bets

In related news, COO Randall Peck sold 3,600 shares of Paycom Software stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $212.19, for a total transaction of $763,884.00. Following the sale, the chief operating officer now directly owns 50,665 shares in the company, valued at $10,750,606.35. This trade represents a 6.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bradley Scott Smith sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $201.01, for a total transaction of $603,030.00. Following the sale, the insider now directly owns 28,733 shares in the company, valued at $5,775,620.33. The trade was a 9.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,100 shares of company stock valued at $1,476,024. 10.90% of the stock is currently owned by insiders.

Institutional Trading of Paycom Software

Several institutional investors have recently modified their holdings of the business. Private Trust Co. NA lifted its holdings in Paycom Software by 9.3% during the 4th quarter. Private Trust Co. NA now owns 575 shares of the software maker’s stock worth $118,000 after buying an additional 49 shares during the period. Oppenheimer & Co. Inc. lifted its stake in shares of Paycom Software by 1.8% in the fourth quarter. Oppenheimer & Co. Inc. now owns 2,939 shares of the software maker’s stock worth $602,000 after acquiring an additional 51 shares during the period. Allworth Financial LP lifted its stake in shares of Paycom Software by 12.9% in the first quarter. Allworth Financial LP now owns 464 shares of the software maker’s stock worth $105,000 after acquiring an additional 53 shares during the period. Salvus Wealth Management LLC boosted its holdings in Paycom Software by 4.9% in the first quarter. Salvus Wealth Management LLC now owns 1,238 shares of the software maker’s stock valued at $270,000 after acquiring an additional 58 shares during the last quarter. Finally, Burns Matteson Capital Management LLC increased its position in Paycom Software by 2.5% during the 1st quarter. Burns Matteson Capital Management LLC now owns 2,348 shares of the software maker’s stock valued at $513,000 after purchasing an additional 58 shares during the period. Institutional investors own 87.77% of the company’s stock.

Paycom Software Stock Performance

PAYC opened at $227.62 on Friday. The stock has a fifty day moving average of $215.96 and a 200-day moving average of $212.15. Paycom Software has a fifty-two week low of $139.50 and a fifty-two week high of $242.74. The company has a market capitalization of $13.17 billion, a P/E ratio of 25.58, a P/E/G ratio of 2.40 and a beta of 0.97.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $2.02 earnings per share (EPS) 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, equities research analysts predict that Paycom Software will post 7.15 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were given a $0.375 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.50 dividend on an annualized basis and a yield of 0.66%. Paycom Software’s dividend payout ratio is currently 16.85%.

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.