Paycom Software, Inc. (NYSE:PAYC) Given Consensus Rating of “Hold” by Analysts

Shares of Paycom Software, Inc. (NYSE:PAYC) have been assigned a consensus recommendation of “Hold” from the twelve brokerages that are covering the company, MarketBeat Ratings 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 target price among analysts that have issued ratings on the stock in the last year is $212.80.

A number of research firms recently commented on PAYC. Stifel Nicolaus lowered their price target on Paycom Software from $215.00 to $187.00 and set a “hold” rating on the stock in a report on Thursday, February 13th. KeyCorp raised shares of Paycom Software from a “sector weight” rating to an “overweight” rating and set a $245.00 target price for the company in a research note on Monday, March 10th. Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a research note on Thursday, February 13th. StockNews.com lowered Paycom Software from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, Piper Sandler boosted their target price on Paycom Software from $191.00 to $224.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th.

Insider Activity

In related news, Director J C. Watts, Jr. sold 500 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $218.22, for a total value of $109,110.00. Following the transaction, the director now owns 7,730 shares of the company’s stock, valued at $1,686,840.60. This trade represents a 6.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Bradley Scott Smith sold 3,000 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $201.01, for a total transaction of $603,030.00. Following the completion of the sale, the insider now directly owns 28,733 shares of the company’s stock, valued at approximately $5,775,620.33. This trade represents a 9.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,100 shares of company stock valued at $1,476,024. 14.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Paycom Software

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Private Trust Co. NA grew its position in shares of 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 in the last quarter. Oppenheimer & Co. Inc. grew its holdings in Paycom Software by 1.8% during the 4th quarter. Oppenheimer & Co. Inc. now owns 2,939 shares of the software maker’s stock worth $602,000 after acquiring an additional 51 shares in the last quarter. Wrapmanager Inc. increased its position in Paycom Software by 2.6% during the 3rd quarter. Wrapmanager Inc. now owns 2,176 shares of the software maker’s stock valued at $362,000 after purchasing an additional 56 shares during the period. Benjamin Edwards Inc. raised its holdings in shares of Paycom Software by 1.1% in the 4th quarter. Benjamin Edwards Inc. now owns 5,502 shares of the software maker’s stock valued at $1,128,000 after purchasing an additional 60 shares in the last quarter. Finally, Michael S. Ryan Inc. lifted its position in shares of Paycom Software by 2.5% in the 4th quarter. Michael S. Ryan Inc. now owns 2,796 shares of the software maker’s stock worth $573,000 after purchasing an additional 68 shares during the period. 87.77% of the stock is owned by institutional investors.

Paycom Software Price Performance

Shares of NYSE:PAYC opened at $215.51 on Friday. The company has a market capitalization of $12.34 billion, a P/E ratio of 24.21, a P/E/G ratio of 2.40 and a beta of 1.14. Paycom Software has a 1-year low of $139.50 and a 1-year high of $242.74. The firm’s 50 day simple moving average is $210.19 and its two-hundred day simple moving average is $200.76.

Paycom Software (NYSE:PAYC) last issued its earnings results on Wednesday, February 12th. The software maker reported $2.02 earnings per share for the quarter, topping the consensus estimate 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, sell-side analysts anticipate that Paycom Software will post 7.15 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.50 annualized dividend and a dividend yield of 0.70%. Paycom Software’s dividend payout ratio (DPR) is presently 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.