Paycom Software (PAYC) Stock Forecast, Price & News

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paycom Software in the last year. There are currently 1 sell rating, 3 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PAYC shares.
View PAYC analyst ratings or view top-rated stocks.

15 Wall Street analysts have issued 12 month price targets for Paycom Software's shares. Their PAYC share price forecasts range from $310.00 to $450.00. On average, they predict the company's stock price to reach $384.53 in the next twelve months. This suggests a possible upside of 49.3% from the stock's current price.
View analysts price targets for PAYC or view top-rated stocks among Wall Street analysts.

Paycom Software's stock was trading at $310.31 at the beginning of 2023. Since then, PAYC shares have decreased by 17.0% and is now trading at $257.50.
View the best growth stocks for 2023 here.

Paycom Software saw a drop in short interest in August. As of August 15th, there was short interest totaling 1,030,000 shares, a drop of 21.4% from the July 31st total of 1,310,000 shares. Based on an average daily volume of 575,100 shares, the short-interest ratio is currently 1.8 days. Currently, 2.0% of the shares of the stock are sold short.
View Paycom Software's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our PAYC earnings forecast.

Paycom Software, Inc. (NYSE:PAYC) released its quarterly earnings results on Tuesday, August, 1st. The software maker reported $1.01 EPS for the quarter, missing analysts' consensus estimates of $1.23 by $0.22. The software maker had revenue of $401.14 million for the quarter, compared to analyst estimates of $398.20 million. Paycom Software had a net margin of 20.28% and a trailing twelve-month return on equity of 24.93%.

Paycom Software declared a quarterly dividend on Monday, July 31st. Shareholders of record on Monday, August 28th will be given a dividend of $0.375 per share on Monday, September 11th. This represents a $1.50 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Friday, August 25th.
Read our dividend analysis for PAYC.

ETFs with the largest weight of Paycom Software (NYSE:PAYC) stock in their portfolio include Neuberger Berman Disrupters ETF (NBDS), Global X Cloud Computing ETF (CLOU), Motley Fool Mid-Cap Growth ETF (TMFM), Direxion Daily Cloud Computing Bull 2x (CLDL), Motley Fool Global Opportunities ETF (TMFG), ERShares Entrepreneurs ETF (ENTR), Clouty Tune ETF (TUNE) and Logan Capital Broad Innovative Growth ETF (LCLG).

Paycom Software (NYSE:PAYC) pays an annual dividend of $1.50 per share and currently has a dividend yield of 0.58%. The dividend payout ratio is 27.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PAYC will have a dividend payout ratio of 20.16% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PAYC.

Paycom Software announced that its Board of Directors has approved a share buyback program on Monday, August 15th 2022, which authorizes the company to buyback $1,100,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 4.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's leadership believes its shares are undervalued.

Paycom Software updated its third quarter 2023 earnings guidance on Tuesday, August, 1st. The company provided EPS guidance of for the period. The company issued revenue guidance of $410.00 million-$412.00 million, compared to the consensus revenue estimate of $411.95 million.

1,259 employees have rated Paycom Software Chief Executive Officer Chad Richison on Glassdoor.com. Chad Richison has an approval rating of 95% among the company's employees. This puts Chad Richison in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Paycom Software investors own include NVIDIA (NVDA), PayPal (PYPL), Alibaba Group (BABA), Shopify (SHOP), Trade Desk (TTD), Mastercard (MA), Block (SQ), Netflix (NFLX), Tesla (TSLA) and Adobe (ADBE).

Paycom Software trades on the New York Stock Exchange (NYSE) under the ticker symbol "PAYC."

Paycom Software's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.05%), Alliancebernstein L.P. (3.55%), State Street Corp (3.14%), Franklin Resources Inc. (1.91%), Geode Capital Management LLC (1.88%) and Brown Capital Management LLC (1.67%). Insiders that own company stock include Bradley Scott Smith, Chad R Richison, Chad R Richison, Christopher Gene Thomas, Craig E Boelte, Craig E Boelte, Frederick C Peters II, Frederick C Peters II, Holly Faurot, J C Watts, Jr, Jason D Clark, Jon Evans and Justin Devon Long.
View institutional ownership trends.

Shares of PAYC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PAYC stock can currently be purchased for approximately $257.50.

Paycom Software (NYSE:PAYC) has a market capitalization of $15.57 billion and generates $1.38 billion in revenue each year. The software maker earns $281.39 million in net income (profit) each year or $5.45 on an earnings per share basis.

The company employs 6,349 workers across the globe.

Paycom Software's mailing address is 7501 WEST MEMORIAL ROAD, OKLAHOMA CITY OK, 73142. The official website for the company is www.paycom.com. The software maker can be reached via phone at (405) 722-6900 or via email at investors@paycomonline.com.