Analysts Offer Predictions for Paycom Software Q1 Earnings

Paycom Software, Inc. (NYSE:PAYC) – Equities researchers at Zacks Research cut their Q1 2025 EPS estimates for shares of Paycom Software in a research note issued to investors on Monday, January 13th. Zacks Research analyst R. Department now forecasts that the software maker will earn $2.29 per share for the quarter, down from their prior forecast of $2.30. The consensus estimate for Paycom Software’s current full-year earnings is $6.88 per share. Zacks Research also issued estimates for Paycom Software’s FY2025 earnings at $7.11 EPS.

Other research analysts have also issued research reports about the company. Barclays boosted their price objective on Paycom Software from $172.00 to $181.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Mizuho upped their price target on shares of Paycom Software from $190.00 to $210.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. StockNews.com upgraded shares of Paycom Software from a “hold” rating to a “buy” rating in a research report on Monday, December 16th. Piper Sandler raised their price target on shares of Paycom Software from $160.00 to $191.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, BMO Capital Markets increased their price objective on Paycom Software from $183.00 to $197.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $196.63.

Paycom Software Trading Up 1.1 %

NYSE:PAYC opened at $203.03 on Wednesday. The stock has a 50 day moving average of $220.30 and a 200-day moving average of $183.47. The firm has a market capitalization of $11.71 billion, a PE ratio of 24.43, a price-to-earnings-growth ratio of 3.12 and a beta of 1.14. Paycom Software has a 52 week low of $139.50 and a 52 week high of $242.74.

Hedge Funds Weigh In On Paycom Software

Hedge funds have recently modified their holdings of the stock. Ashton Thomas Private Wealth LLC acquired a new position in shares of Paycom Software in the 2nd quarter valued at $25,000. Envestnet Asset Management Inc. boosted its holdings in shares of Paycom Software by 33.4% in the second quarter. Envestnet Asset Management Inc. now owns 285,349 shares of the software maker’s stock worth $40,816,000 after buying an additional 71,384 shares during the period. Plato Investment Management Ltd increased its position in shares of Paycom Software by 10,944.4% in the second quarter. Plato Investment Management Ltd now owns 1,988 shares of the software maker’s stock worth $284,000 after acquiring an additional 1,970 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Paycom Software by 4.0% during the second quarter. Dimensional Fund Advisors LP now owns 262,803 shares of the software maker’s stock valued at $37,591,000 after acquiring an additional 10,204 shares during the period. Finally, Edgestream Partners L.P. boosted its stake in Paycom Software by 209.1% in the 2nd quarter. Edgestream Partners L.P. now owns 14,399 shares of the software maker’s stock worth $2,060,000 after purchasing an additional 9,741 shares during the period. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Chad R. Richison sold 1,950 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $169.17, for a total transaction of $329,881.50. Following the completion of the sale, the chief executive officer now owns 2,764,560 shares in the company, valued at approximately $467,680,615.20. This represents a 0.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders sold 23,400 shares of company stock worth $4,534,725. Corporate insiders own 14.50% of the company’s stock.

Paycom Software Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, November 25th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Monday, November 25th. Paycom Software’s payout ratio is 18.05%.

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.