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

Shares of Paycom Software, Inc. (NYSE:PAYC) have been assigned a consensus recommendation of “Hold” from the seventeen ratings firms that are covering the firm, MarketBeat reports. Sixteen equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $180.17.

A number of equities research analysts have recently issued reports on PAYC shares. TD Cowen lifted their price target on shares of Paycom Software from $171.00 to $188.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. Jefferies Financial Group decreased their target price on Paycom Software from $170.00 to $145.00 and set a “hold” rating on the stock in a research report on Monday, June 24th. StockNews.com lowered Paycom Software from a “buy” rating to a “hold” rating in a report on Monday, July 15th. Barclays lifted their price target on Paycom Software from $167.00 to $172.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Paycom Software in a research note on Thursday, August 1st.

Paycom Software Price Performance

Paycom Software stock opened at $165.89 on Tuesday. The stock’s 50 day moving average price is $164.19 and its 200 day moving average price is $164.83. The company has a market cap of $9.53 billion, a PE ratio of 19.99, a price-to-earnings-growth ratio of 2.33 and a beta of 1.17. Paycom Software has a 1-year low of $139.50 and a 1-year high of $272.33.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings results on Wednesday, July 31st. The software maker reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.07. Paycom Software had a net margin of 26.55% and a return on equity of 33.36%. The business had revenue of $437.51 million for the quarter, compared to analysts’ expectations of $436.19 million. On average, equities research analysts anticipate that Paycom Software will post 6.67 EPS for the current fiscal year.

Paycom Software Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Monday, August 26th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend was Monday, August 26th. Paycom Software’s payout ratio is 18.07%.

Insider Buying and Selling at Paycom Software

In other news, CFO Craig E. Boelte sold 11,882 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $155.98, for a total transaction of $1,853,354.36. Following the transaction, the chief financial officer now directly owns 294,849 shares in the company, valued at $45,990,547.02. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CFO Craig E. Boelte sold 11,882 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $155.98, for a total transaction of $1,853,354.36. Following the completion of the sale, the chief financial officer now directly owns 294,849 shares in the company, valued at $45,990,547.02. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction on Monday, August 12th. The shares were sold at an average price of $155.63, for a total value of $303,478.50. Following the completion of the transaction, the chief executive officer now owns 2,978,858 shares in the company, valued at $463,599,670.54. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 71,906 shares of company stock worth $11,684,077 in the last 90 days. 12.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sylebra Capital LLC acquired a new stake in Paycom Software during the 1st quarter valued at approximately $253,196,000. Federated Hermes Inc. raised its holdings in shares of Paycom Software by 1,011.2% during the second quarter. Federated Hermes Inc. now owns 581,964 shares of the software maker’s stock valued at $83,244,000 after buying an additional 529,591 shares during the last quarter. Raymond James & Associates boosted its position in shares of Paycom Software by 769.2% during the second quarter. Raymond James & Associates now owns 201,366 shares of the software maker’s stock worth $28,803,000 after buying an additional 178,198 shares during the period. Strategic Financial Concepts LLC grew its holdings in Paycom Software by 12,268.6% in the 2nd quarter. Strategic Financial Concepts LLC now owns 169,202 shares of the software maker’s stock worth $242,000 after buying an additional 167,834 shares in the last quarter. Finally, Sather Financial Group Inc acquired a new stake in Paycom Software in the 2nd quarter valued at approximately $23,519,000. 87.77% of the stock is owned by institutional investors and hedge funds.

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.