Paycom Software, Inc. (NYSE:PAYC) Receives Consensus Recommendation of "Hold" from Analysts

Paycom Software, Inc. (NYSE:PAYC - Get Free Report) has received an average recommendation of "Hold" from the eleven ratings firms that are presently covering the firm, MarketBeat reports. Ten analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $226.90.

A number of research firms have commented on PAYC. KeyCorp lifted their price objective on shares of Paycom Software from $245.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Stifel Nicolaus boosted their price target on Paycom Software from $187.00 to $215.00 and gave the company a "hold" rating in a research report on Thursday, May 8th. Wall Street Zen downgraded Paycom Software from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Barclays increased their price objective on Paycom Software from $221.00 to $240.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 8th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Paycom Software in a report on Thursday, May 8th.

Insider Buying and Selling at Paycom Software

In other Paycom Software news, CEO Chad R. Richison sold 26,426 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $255.52, for a total transaction of $6,752,371.52. Following the transaction, the chief executive officer now directly owns 3,277,249 shares in the company, valued at approximately $837,402,664.48. This represents a 0.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Bradley Scott Smith sold 3,000 shares of Paycom Software stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $201.01, for a total transaction of $603,030.00. Following the sale, the insider now owns 28,733 shares of the company's stock, valued at approximately $5,775,620.33. The trade was a 9.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 149,426 shares of company stock valued at $36,577,802. 10.90% of the stock is owned by company insiders.

Institutional Trading of Paycom Software

Institutional investors have recently bought and sold shares of the company. Barclays PLC raised its stake in shares of Paycom Software by 0.6% during the 3rd quarter. Barclays PLC now owns 109,636 shares of the software maker's stock worth $18,261,000 after buying an additional 617 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in Paycom Software by 175.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 7,351 shares of the software maker's stock valued at $1,507,000 after acquiring an additional 4,685 shares in the last quarter. Brighton Jones LLC purchased a new position in Paycom Software during the 4th quarter valued at about $638,000. Fifth Third Bancorp raised its position in Paycom Software by 7.4% during the fourth quarter. Fifth Third Bancorp now owns 2,401 shares of the software maker's stock worth $492,000 after acquiring an additional 165 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Paycom Software by 33.3% in the fourth quarter. Blue Trust Inc. now owns 352 shares of the software maker's stock valued at $72,000 after purchasing an additional 88 shares in the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Paycom Software Trading Up 1.3%

Shares of NYSE PAYC traded up $3.45 during trading hours on Wednesday, reaching $259.13. The stock had a trading volume of 913,124 shares, compared to its average volume of 696,978. The firm has a 50-day moving average of $230.63 and a 200-day moving average of $220.53. The firm has a market cap of $14.99 billion, a price-to-earnings ratio of 29.12, a PEG ratio of 2.40 and a beta of 0.80. Paycom Software has a fifty-two week low of $139.50 and a fifty-two week high of $262.80.

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

Paycom Software Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 9th. Shareholders of record on Tuesday, May 27th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Tuesday, May 27th. Paycom Software's payout ratio is 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.