Paycom Software, Inc. (NYSE:PAYC) Receives $212.80 Average Target Price from Analysts

Paycom Software, Inc. (NYSE:PAYCGet Free Report) has earned a consensus recommendation of “Hold” from the twelve brokerages that are covering the stock, Marketbeat reports. Eleven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $212.80.

A number of research analysts have commented on the stock. Mizuho raised their price target on shares of Paycom Software from $190.00 to $210.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. TD Cowen lifted their target price on shares of Paycom Software from $193.00 to $248.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Citigroup cut their target price on shares of Paycom Software from $234.00 to $221.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. StockNews.com cut shares of Paycom Software from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Finally, Barclays cut their target price on shares of Paycom Software from $229.00 to $221.00 and set an “equal weight” rating for the company in a research note on Thursday, January 23rd.

Get Our Latest Stock Report on Paycom Software

Insider Buying and Selling

In other Paycom Software news, COO Randall Peck sold 3,600 shares of Paycom Software stock in a transaction 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 completion of the sale, the chief operating officer now owns 50,665 shares of the company’s stock, valued at approximately $10,750,606.35. The trade was a 6.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director J C. Watts, Jr. sold 500 shares of Paycom Software stock in a transaction on Monday, February 24th. The stock was sold at an average price of $218.22, for a total transaction of $109,110.00. Following the sale, the director now directly owns 7,730 shares of the company’s stock, valued at $1,686,840.60. This represents a 6.08 % decrease in their position. The disclosure for this sale can be found here. 14.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Paycom Software

A number of institutional investors have recently bought and sold shares of the business. Sylebra Capital LLC grew its holdings in Paycom Software by 63.8% during the 4th 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 during the period. FMR LLC grew its holdings in shares of Paycom Software by 137.8% in the 4th quarter. FMR LLC now owns 2,396,452 shares of the software maker’s stock valued at $491,201,000 after buying an additional 1,388,533 shares during the period. Geode Capital Management LLC grew its holdings in shares of Paycom Software by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 1,516,768 shares of the software maker’s stock valued at $310,245,000 after buying an additional 89,848 shares during the period. Northern Trust Corp grew its holdings in shares of Paycom Software by 10.9% in the 4th 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 during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Paycom Software by 1.0% in the 3rd 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 during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Paycom Software Stock Up 2.6 %

Shares of PAYC opened at $208.08 on Friday. The stock has a market cap of $11.92 billion, a price-to-earnings ratio of 23.38, a P/E/G ratio of 2.40 and a beta of 1.14. Paycom Software has a 12 month low of $139.50 and a 12 month high of $242.74. The company has a 50-day moving average price of $209.04 and a two-hundred day moving average price of $199.78.

Paycom Software (NYSE:PAYCGet Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The software maker reported $2.02 EPS for the quarter, topping 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%. Equities research analysts expect that Paycom Software will post 7.15 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.72%. The ex-dividend date is Monday, March 10th. Paycom Software’s dividend payout ratio (DPR) is presently 16.85%.

About Paycom Software

(Get Free Report

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.

Further Reading

Analyst Recommendations for Paycom Software (NYSE:PAYC)

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