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

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

Several research firms have commented on PAYC. Citigroup decreased their target price on shares of Paycom Software from $234.00 to $221.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Barclays lowered their price objective on shares of Paycom Software from $229.00 to $221.00 and set an “equal weight” rating for the company in a research report on Thursday, January 23rd. TD Cowen raised their target price on Paycom Software from $193.00 to $248.00 and gave the company a “hold” rating in a report on Monday, December 9th. Stifel Nicolaus lowered their price target on Paycom Software from $215.00 to $187.00 and set a “hold” rating for the company in a report on Thursday, February 13th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Paycom Software in a research note on Thursday, February 13th.

Paycom Software Trading Down 0.6 %

Shares of PAYC stock opened at $213.18 on Monday. The stock has a market cap of $12.21 billion, a P/E ratio of 23.95, a price-to-earnings-growth ratio of 2.40 and a beta of 1.15. Paycom Software has a 1 year low of $139.50 and a 1 year high of $242.74. The stock has a 50 day simple moving average of $207.92 and a 200 day simple moving average of $194.07.

Paycom Software (NYSE:PAYC) last released its 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 return on equity of 33.53% and a net margin of 26.66%. Analysts forecast that Paycom Software will post 7.15 EPS for the current year.

Paycom Software Dividend Announcement

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 dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Monday, March 10th. Paycom Software’s dividend payout ratio (DPR) is currently 16.85%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Glass Jacobson Investment Advisors llc increased its position in Paycom Software by 746.7% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 127 shares of the software maker’s stock valued at $26,000 after acquiring an additional 112 shares during the period. Brooklyn Investment Group acquired a new stake in Paycom Software in the third quarter valued at $28,000. Pin Oak Investment Advisors Inc. raised its position in Paycom Software by 73.3% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 182 shares of the software maker’s stock worth $30,000 after purchasing an additional 77 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in Paycom Software during the 4th quarter worth about $30,000. Finally, First Horizon Advisors Inc. grew its position in shares of Paycom Software by 821.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 212 shares of the software maker’s stock valued at $35,000 after buying an additional 189 shares during the last quarter. Institutional investors 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.