Paycom Software, Inc. (NYSE:PAYC) Announces $0.38 Quarterly Dividend

Paycom Software, Inc. (NYSE:PAYC - Get Free Report) declared a quarterly dividend on Monday, May 5th, RTT News reports. Stockholders of record on Tuesday, May 27th will be paid a dividend of 0.375 per share by the software maker on Monday, June 9th. This represents a $1.50 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Tuesday, May 27th.

Paycom Software has a dividend payout ratio of 15.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Paycom Software to earn $7.97 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 18.8%.

Paycom Software Trading Up 10.8 %

NYSE PAYC traded up $24.60 on Thursday, hitting $253.27. 942,775 shares of the stock traded hands, compared to its average volume of 697,289. The stock has a 50-day moving average of $216.54 and a 200 day moving average of $213.46. Paycom Software has a twelve month low of $139.50 and a twelve month high of $254.18. The company has a market capitalization of $14.65 billion, a P/E ratio of 28.46, a price-to-earnings-growth ratio of 2.40 and a beta of 0.80.

Paycom Software (NYSE:PAYC - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The software maker reported $2.80 EPS for the quarter, topping analysts' consensus estimates of $2.62 by $0.18. Paycom Software had a net margin of 26.66% and a return on equity of 33.53%. The firm had revenue of $530.50 million during the quarter, compared to the consensus estimate of $522.92 million. During the same quarter in the previous year, the company posted $2.59 earnings per share. The firm's revenue was up 6.1% on a year-over-year basis. As a group, equities research analysts expect that Paycom Software will post 7.15 earnings per share for the current year.

Insider Transactions at Paycom Software

In other news, Director J C. Watts, Jr. sold 500 shares of the company'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 transaction, the director now owns 7,730 shares in the company, valued at $1,686,840.60. This represents a 6.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Randall Peck sold 3,600 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $212.19, for a total transaction of $763,884.00. Following the completion of the sale, the chief operating officer now owns 50,665 shares of the company's stock, valued at approximately $10,750,606.35. The trade was a 6.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,100 shares of company stock valued at $1,476,024 in the last three months. 10.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Paycom Software stock. Brighton Jones LLC purchased a new stake in Paycom Software, Inc. (NYSE:PAYC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,110 shares of the software maker's stock, valued at approximately $638,000. Institutional investors own 87.77% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. BMO Capital Markets boosted their price objective on Paycom Software from $215.00 to $244.00 and gave the company a "market perform" rating in a research report on Thursday. JPMorgan Chase & Co. boosted their price target on shares of Paycom Software from $185.00 to $200.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Citigroup dropped their price objective on shares of Paycom Software from $234.00 to $221.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. KeyCorp upped their target price on shares of Paycom Software from $245.00 to $270.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Paycom Software in a report on Thursday. Eleven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $226.90.

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.