Paycom Software Stock Price, News & Analysis (NYSE:PAYC)

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Paycom Software in the last twelve months. There are currently 1 sell rating, 13 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" PAYC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PAYC, but not buy additional shares or sell existing shares.
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18 equities research analysts have issued 12 month price targets for Paycom Software's stock. Their PAYC share price targets range from $160.00 to $450.00. On average, they anticipate the company's stock price to reach $273.12 in the next year. This suggests a possible upside of 55.1% from the stock's current price.
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Paycom Software's stock was trading at $310.31 at the beginning of the year. Since then, PAYC stock has decreased by 43.2% and is now trading at $176.11.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 6th 2024.
View our PAYC earnings forecast.

Paycom Software, Inc. (NYSE:PAYC) posted its earnings results on Tuesday, October, 31st. The software maker reported $1.77 EPS for the quarter, beating analysts' consensus estimates of $1.61 by $0.16. The software maker had revenue of $406.30 million for the quarter, compared to the consensus estimate of $411.17 million. Paycom Software had a trailing twelve-month return on equity of 25.02% and a net margin of 20.80%. The firm's quarterly revenue was up 21.6% compared to the same quarter last year. During the same period last year, the business posted $0.92 EPS.
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Paycom Software announced a quarterly dividend on Monday, October 30th. Stockholders of record on Monday, November 27th will be given a dividend of $0.375 per share on Monday, December 11th. This represents a $1.50 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Friday, November 24th.
Read our dividend analysis for PAYC.

Paycom Software (NYSE:PAYC) pays an annual dividend of $1.50 per share and currently has a dividend yield of 0.84%. The dividend payout ratio is 25.64%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PAYC will have a dividend payout ratio of 23.62% next year. This indicates that the company will be able to sustain or increase its dividend.
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 declared that its Board of Directors has authorized a stock buyback plan on Monday, August 15th 2022, which permits the company to buyback $1,100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 4.7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its shares are undervalued.

Paycom Software issued an update on its FY 2023 earnings guidance on Tuesday, October, 31st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.68 billion-$1.68 billion, compared to the consensus revenue estimate of $1.72 billion.

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's stock is owned by many different retail and institutional investors. Top institutional investors include FMR LLC (1.75%), Morgan Stanley (1.73%), Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (1.41%), Northern Trust Corp (0.89%), Invesco Ltd. (0.81%) and Riverbridge Partners LLC (0.72%). Insiders that own company stock include Bradley Scott Smith, 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.
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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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