Paycom Software, Inc. (NYSE:PAYC) Receives $212.80 Consensus PT from Brokerages

Shares of Paycom Software, Inc. (NYSE:PAYC) have been given a consensus rating of “Hold” by the twelve research firms that are currently covering the company, MarketBeat.com reports. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $212.80.

PAYC has been the subject of several recent analyst reports. Piper Sandler boosted their price objective on shares of Paycom Software from $191.00 to $224.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Stifel Nicolaus decreased their price target on shares of Paycom Software from $215.00 to $187.00 and set a “hold” rating on the stock in a report on Thursday, February 13th. Needham & Company LLC reissued a “hold” rating on shares of Paycom Software in a research note on Thursday, February 13th. JPMorgan Chase & Co. boosted their target price on Paycom Software from $185.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Finally, Citigroup lowered their price target on Paycom Software from $234.00 to $221.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th.

Paycom Software Price Performance

Paycom Software stock opened at $217.04 on Friday. The firm has a market capitalization of $12.43 billion, a P/E ratio of 24.39, a PEG ratio of 2.40 and a beta of 1.14. Paycom Software has a one year low of $139.50 and a one year high of $242.74. The business has a fifty day moving average price of $209.51 and a 200-day moving average price of $200.53.

Paycom Software (NYSE:PAYC) last issued its earnings results on Wednesday, February 12th. The software maker reported $2.02 EPS for the quarter, topping the consensus estimate of $1.99 by $0.03. Paycom Software had a return on equity of 33.53% and a net margin of 26.66%. Sell-side analysts expect that Paycom Software will post 7.15 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The company also recently announced 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. The ex-dividend date is Monday, March 10th. This represents a $1.50 dividend on an annualized basis and a yield of 0.69%. Paycom Software’s payout ratio is 16.85%.

Insider Buying and Selling at Paycom Software

In other news, Director J C. Watts, Jr. sold 500 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $218.22, for a total value of $109,110.00. Following the completion of the sale, the director now owns 7,730 shares of the company’s stock, valued at approximately $1,686,840.60. The trade was a 6.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Randall Peck sold 3,600 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $212.19, for a total value of $763,884.00. Following the completion of the sale, the chief operating officer now directly owns 50,665 shares of the company’s stock, valued at approximately $10,750,606.35. This trade represents a 6.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,100 shares of company stock worth $1,476,024 over the last ninety days. Insiders own 14.50% of the company’s stock.

Hedge Funds Weigh In On Paycom Software

A number of large investors have recently bought and sold shares of PAYC. Glass Jacobson Investment Advisors llc increased its stake in shares of Paycom Software by 746.7% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 127 shares of the software maker’s stock worth $26,000 after buying an additional 112 shares during the period. Brooklyn Investment Group bought a new stake in Paycom Software in the 3rd quarter worth $28,000. Pin Oak Investment Advisors Inc. increased its position in shares of Paycom Software by 73.3% in the third quarter. Pin Oak Investment Advisors Inc. now owns 182 shares of the software maker’s stock valued at $30,000 after acquiring an additional 77 shares during the period. Murphy & Mullick Capital Management Corp bought a new position in shares of Paycom Software during the fourth quarter valued at about $30,000. Finally, First Horizon Advisors Inc. raised its stake in shares of Paycom Software by 821.7% during the third quarter. First Horizon Advisors Inc. now owns 212 shares of the software maker’s stock valued at $35,000 after acquiring an additional 189 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

About Paycom Software

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.