Paycom Software, Inc. (NYSE:PAYC) Given Average Recommendation of "Hold" by Analysts

Shares of Paycom Software, Inc. (NYSE:PAYC - Get Free Report) have been assigned a consensus recommendation of "Hold" from the eleven research firms that are currently covering the stock, MarketBeat reports. Ten investment 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 analysts that have issued a report on the stock in the last year is $226.90.

A number of equities analysts recently weighed in on the stock. Needham & Company LLC reissued a "hold" rating on shares of Paycom Software in a report on Thursday, May 8th. BMO Capital Markets lifted their price objective on shares of Paycom Software from $215.00 to $244.00 and gave the stock a "market perform" rating in a research report on Thursday, May 8th. Barclays increased their target price on shares of Paycom Software from $221.00 to $240.00 and gave the company an "equal weight" rating in a research report on Thursday, May 8th. 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 research note on Thursday, May 8th. Finally, Wall Street Zen downgraded Paycom Software from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th.

Paycom Software Stock Performance

NYSE:PAYC traded down $12.31 on Friday, hitting $222.74. The stock had a trading volume of 901,445 shares, compared to its average volume of 665,146. Paycom Software has a 1 year low of $139.50 and a 1 year high of $267.76. The firm's fifty day simple moving average is $243.56 and its two-hundred day simple moving average is $223.04. The stock has a market cap of $12.89 billion, a P/E ratio of 31.77, a price-to-earnings-growth ratio of 2.57 and a beta of 0.81.

Paycom Software (NYSE:PAYC - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The software maker reported $2.80 EPS for the quarter, beating analysts' consensus estimates of $2.62 by $0.18. Paycom Software had a return on equity of 25.53% and a net margin of 20.60%. The company had revenue of $530.50 million during the quarter, compared to the consensus estimate of $522.92 million. During the same period last year, the business posted $2.59 earnings per share. Paycom Software's revenue was up 6.1% on a year-over-year basis. Equities research analysts predict that Paycom Software will post 7.15 EPS for the current year.

Paycom Software Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Tuesday, May 27th were issued a dividend of $0.375 per share. The ex-dividend date was Tuesday, May 27th. This represents a $1.50 dividend on an annualized basis and a yield of 0.67%. Paycom Software's payout ratio is 21.40%.

Insiders Place Their Bets

In other news, insider Bradley Scott Smith sold 1,500 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $249.96, for a total value of $374,940.00. Following the sale, the insider now directly owns 27,233 shares of the company's stock, valued at approximately $6,807,160.68. This represents a 5.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Chad R. Richison sold 26,426 shares of the business's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $837,402,664.48. This represents a 0.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 172,016 shares of company stock worth $42,736,608 over the last 90 days. Corporate insiders own 10.90% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PAYC. Inspire Investing LLC purchased a new position in Paycom Software during the first quarter worth about $2,202,000. Strs Ohio bought a new stake in shares of Paycom Software during the 1st quarter valued at about $728,000. GK Wealth Management LLC purchased a new position in shares of Paycom Software during the first quarter worth about $599,000. Acadian Asset Management LLC increased its position in shares of Paycom Software by 69.7% in the first quarter. Acadian Asset Management LLC now owns 16,965 shares of the software maker's stock worth $3,703,000 after purchasing an additional 6,966 shares during the last quarter. Finally, Focus Partners Wealth increased its position in shares of Paycom Software by 220.8% in the first quarter. Focus Partners Wealth now owns 3,940 shares of the software maker's stock worth $861,000 after purchasing an additional 2,712 shares during the last quarter. Institutional investors 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.