Paycom Software, Inc. (NYSE:PAYC) Receives $257.18 Consensus PT from Analysts

Shares of Paycom Software, Inc. (NYSE:PAYC - Get Free Report) have earned an average recommendation of "Hold" from the nineteen analysts that are covering the stock, Marketbeat reports. Sixteen investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $257.18.

A number of research analysts recently commented on PAYC shares. Piper Sandler increased their target price on shares of Paycom Software from $185.00 to $190.00 and gave the company a "neutral" rating in a research report on Thursday, February 8th. Citigroup dropped their target price on shares of Paycom Software from $205.00 to $198.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 31st. Jefferies Financial Group reissued a "hold" rating and set a $195.00 price objective on shares of Paycom Software in a research report on Friday, January 5th. BTIG Research initiated coverage on shares of Paycom Software in a research report on Tuesday, February 6th. They set a "neutral" rating on the stock. Finally, UBS Group raised their price objective on shares of Paycom Software from $235.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, January 10th.

Paycom Software Price Performance

Shares of PAYC traded up $1.38 during midday trading on Tuesday, reaching $188.09. The stock had a trading volume of 566,668 shares, compared to its average volume of 845,816. Paycom Software has a 1-year low of $146.15 and a 1-year high of $374.04. The company's fifty day simple moving average is $190.04 and its two-hundred day simple moving average is $198.36. The company has a market cap of $10.82 billion, a price-to-earnings ratio of 31.88, a PEG ratio of 3.13 and a beta of 1.17.

Paycom Software (NYSE:PAYC - Get Free Report) last posted its earnings results on Wednesday, February 7th. The software maker reported $1.93 EPS for the quarter, beating analysts' consensus estimates of $1.78 by $0.15. The firm had revenue of $434.60 million for the quarter, compared to the consensus estimate of $422.50 million. Paycom Software had a net margin of 20.12% and a return on equity of 24.60%. The company's revenue was up 17.3% on a year-over-year basis. During the same period last year, the firm posted $1.38 EPS. On average, sell-side analysts forecast that Paycom Software will post 5.73 earnings per share for the current year.

Paycom Software Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 4th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Friday, March 1st. Paycom Software's dividend payout ratio (DPR) is 25.42%.

Hedge Funds Weigh In On Paycom Software

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bell Bank raised its position in Paycom Software by 17.3% during the first quarter. Bell Bank now owns 5,113 shares of the software maker's stock worth $1,018,000 after acquiring an additional 753 shares during the last quarter. Venturi Wealth Management LLC raised its position in Paycom Software by 5.7% during the first quarter. Venturi Wealth Management LLC now owns 1,886 shares of the software maker's stock worth $375,000 after acquiring an additional 101 shares during the last quarter. Fifth Third Bancorp raised its position in Paycom Software by 219.1% during the first quarter. Fifth Third Bancorp now owns 5,003 shares of the software maker's stock worth $996,000 after acquiring an additional 3,435 shares during the last quarter. Summit Trail Advisors LLC purchased a new stake in shares of Paycom Software during the first quarter worth about $448,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of Paycom Software by 7.9% during the first quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 977,055 shares of the software maker's stock worth $182,426,000 after buying an additional 71,272 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company's stock.

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.