Analysts Set Paycom Software, Inc. (NYSE:PAYC) PT at $226.90

Paycom Software, Inc. (NYSE:PAYC - Get Free Report) has earned an average rating of "Hold" from the eleven research firms that are currently covering the stock, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $226.90.

A number of equities research analysts have commented on PAYC shares. Stifel Nicolaus raised their price target on shares of Paycom Software from $187.00 to $215.00 and gave the stock a "hold" rating in a report on Thursday, May 8th. BMO Capital Markets raised their price target on shares of Paycom Software from $215.00 to $244.00 and gave the company a "market perform" rating in a research report on Thursday, May 8th. KeyCorp lifted their price objective on shares of Paycom Software from $245.00 to $270.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Needham & Company LLC reaffirmed a "hold" rating on shares of Paycom Software in a research report on Thursday, May 8th. Finally, Barclays lifted their price objective on shares of Paycom Software from $221.00 to $240.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 8th.

Insider Activity

In other news, COO Randall Peck sold 890 shares of Paycom Software stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $263.21, for a total value of $234,256.90. Following the completion of the transaction, the chief operating officer owned 49,394 shares in the company, valued at approximately $13,000,994.74. This trade represents a 1.77% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Bradley Scott Smith sold 1,500 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $249.96, for a total value of $374,940.00. Following the sale, the insider owned 27,233 shares of the company's stock, valued at approximately $6,807,160.68. The trade was a 5.22% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 172,016 shares of company stock worth $42,736,608. 10.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PAYC. SG Americas Securities LLC lifted its position in shares of Paycom Software by 57.1% in the first quarter. SG Americas Securities LLC now owns 2,685 shares of the software maker's stock valued at $587,000 after acquiring an additional 976 shares in the last quarter. GAMMA Investing LLC increased its stake in Paycom Software by 54.5% during the first quarter. GAMMA Investing LLC now owns 904 shares of the software maker's stock worth $198,000 after acquiring an additional 319 shares during the last quarter. American Century Companies Inc. increased its stake in Paycom Software by 43.0% during the fourth quarter. American Century Companies Inc. now owns 52,755 shares of the software maker's stock worth $10,813,000 after acquiring an additional 15,852 shares during the last quarter. Rhumbline Advisers increased its stake in Paycom Software by 11.9% during the first quarter. Rhumbline Advisers now owns 102,936 shares of the software maker's stock worth $22,489,000 after acquiring an additional 10,908 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in shares of Paycom Software by 15.6% in the first quarter. Exchange Traded Concepts LLC now owns 1,007 shares of the software maker's stock valued at $220,000 after buying an additional 136 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company's stock.

Paycom Software Stock Performance

Shares of Paycom Software stock traded up $5.09 on Thursday, reaching $229.81. 481,404 shares of the stock were exchanged, compared to its average volume of 652,155. The firm's 50 day moving average is $244.39 and its 200-day moving average is $224.13. Paycom Software has a one year low of $152.46 and a one year high of $267.76. The firm has a market cap of $13.29 billion, a PE ratio of 32.78, a P/E/G ratio of 2.53 and a beta of 0.77.

Paycom Software (NYSE:PAYC - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The software maker reported $2.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.62 by $0.18. Paycom Software had a net margin of 20.60% and a return on equity of 25.53%. The business had revenue of $530.50 million during the quarter, compared to analysts' expectations of $522.92 million. During the same period in the prior year, the company earned $2.59 EPS. The firm's quarterly revenue was up 6.1% compared to the same quarter last year. On average, equities research analysts expect that Paycom Software will post 7.15 EPS for the current fiscal year.

Paycom Software Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Tuesday, May 27th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend was Tuesday, May 27th. Paycom Software's dividend payout ratio is currently 21.40%.

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.