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NYSE:PAYC

Paycom Software (PAYC) Stock Price, News & Analysis

$184.75
+2.73 (+1.50%)
(As of 03/1/2024 ET)
Today's Range
$181.06
$184.78
50-Day Range
$180.08
$207.56
52-Week Range
$146.15
$374.04
Volume
659,819 shs
Average Volume
916,150 shs
Market Capitalization
$10.63 billion
P/E Ratio
31.31
Dividend Yield
0.81%
Price Target
$262.33

Paycom Software MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
42.0% Upside
$262.33 Price Target
Short Interest
Healthy
4.48% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.12
Upright™ Environmental Score
News Sentiment
0.78mentions of Paycom Software in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
20.83%
From $5.81 to $7.02 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

5.00 out of 5 stars

Computer And Technology Sector

1st out of 601 stocks

Prepackaged Software Industry

1st out of 206 stocks


PAYC stock logo

About Paycom Software Stock (NYSE:PAYC)

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. The company's HCM solution provides a suite of applications in the areas of talent acquisition, including applicant tracking, candidate tracker, background checks, on-boarding, e-verify, and tax credit services; and time and labor management, such as time and attendance, scheduling, time-off requests, labor allocation, labor management reports/push reporting, geofencing/geotracking, and Microfence, a proprietary Bluetooth. Its HCM solution also offers payroll applications comprising better employee transaction interface, payroll and tax management, payroll card, Everyday, Paycom pay, Client Action Center, expense management, mileage tracker/fixed and variable rates, garnishment administration, and GL concierge applications; and talent management applications that include employee self-service, compensation budgeting, performance management, position management, and Paycom learning, as well as my analytics. In addition, its HCM solution provides manager on-the-go that gives supervisors and managers the ability to perform a variety of tasks, such as approving time-off requests and expense reimbursements; direct data exchange; ask here, a tool for direct line of communication to ask work-related questions; document and checklist; government and compliance; benefits administration/benefits to carrier; benefit enrollment service; COBRA administration; personnel action and performance discussion forms; surveys; 401(k) reporting; report center; and affordable care act applications, as well as Clue, which securely collects, tracks, and manages the vaccination and testing data of the workforce. Paycom Software, Inc. was founded in 1998 and is based in Oklahoma City, Oklahoma.

PAYC Stock Price History

PAYC Stock News Headlines

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Paycom (PAYC) Q4 Earnings and Revenues Surpass Estimates
Paycom Software: Q4 Earnings Insights
See More Headlines
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Company Calendar

Ex-Dividend for 12/11 Dividend
11/24/2023
Dividend Payable
12/11/2023
Last Earnings
2/07/2024
Today
3/01/2024
Ex-Dividend for 3/18 Dividend
3/01/2024
Dividend Payable
3/18/2024
Next Earnings (Estimated)
5/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
7,308
Year Founded
1998

Price Target and Rating

Average Stock Price Target
$262.33
High Stock Price Target
$450.00
Low Stock Price Target
$160.00
Potential Upside/Downside
+43.5%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
20 Analysts

Profitability

Net Income
$340.79 million
Pretax Margin
27.89%

Debt

Sales & Book Value

Annual Sales
$1.69 billion
Cash Flow
$7.54 per share
Book Value
$22.64 per share

Miscellaneous

Free Float
49,206,000
Market Cap
$10.52 billion
Optionable
Optionable
Beta
1.21

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PAYC Stock Analysis - Frequently Asked Questions

Should I buy or sell Paycom Software stock right now?

20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Paycom Software in the last twelve months. There are currently 16 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities 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.
View PAYC analyst ratings
or view top-rated stocks.

What is Paycom Software's stock price target for 2024?

20 equities research analysts have issued 12-month price objectives for Paycom Software's shares. Their PAYC share price targets range from $160.00 to $450.00. On average, they expect the company's stock price to reach $262.33 in the next twelve months. This suggests a possible upside of 42.0% from the stock's current price.
View analysts price targets for PAYC
or view top-rated stocks among Wall Street analysts.

How have PAYC shares performed in 2024?

Paycom Software's stock was trading at $206.72 on January 1st, 2024. Since then, PAYC stock has decreased by 10.6% and is now trading at $184.75.
View the best growth stocks for 2024 here
.

Are investors shorting Paycom Software?

Paycom Software saw a increase in short interest during the month of January. As of January 31st, there was short interest totaling 2,410,000 shares, an increase of 30.3% from the January 15th total of 1,850,000 shares. Based on an average daily volume of 905,500 shares, the short-interest ratio is currently 2.7 days. Currently, 4.9% of the company's shares are sold short.
View Paycom Software's Short Interest
.

When is Paycom Software's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our PAYC earnings forecast
.

How were Paycom Software's earnings last quarter?

Paycom Software, Inc. (NYSE:PAYC) posted its earnings results on Wednesday, February, 7th. The software maker reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.15. The software maker earned $434.60 million during the quarter, compared to analysts' expectations of $422.50 million. Paycom Software had a net margin of 20.12% and a trailing twelve-month return on equity of 24.60%. The business's revenue for the quarter was up 17.3% on a year-over-year basis. During the same period last year, the business posted $1.38 EPS.
Read the conference call transcript
.

How often does Paycom Software pay dividends? What is the dividend yield for Paycom Software?

Paycom Software declared a quarterly dividend on Monday, February 5th. Stockholders of record on Monday, March 4th will be paid a dividend of $0.375 per share on Monday, March 18th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Friday, March 1st.
Read our dividend analysis for PAYC
.

Is Paycom Software a good dividend stock?

Paycom Software (NYSE:PAYC) pays an annual dividend of $1.50 per share and currently has a dividend yield of 0.82%. The dividend payout ratio is 25.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PAYC will have a dividend payout ratio of 21.37% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PAYC.

How will Paycom Software's stock buyback program work?

Paycom Software announced that its board has authorized a share repurchase plan on Monday, August 15th 2022, which permits the company to repurchase $1,100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 4.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's leadership believes its shares are undervalued.

What guidance has Paycom Software issued on next quarter's earnings?

Paycom Software issued an update on its first quarter 2024 earnings guidance on Wednesday, February, 7th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $494.0 million-$497.0 million, compared to the consensus revenue estimate of $500.5 million.

What is Chad Richison's approval rating as Paycom Software's CEO?

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.

What other stocks do shareholders of Paycom Software own?

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).

Who are Paycom Software's major shareholders?

Paycom Software's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.86%), Brown Capital Management LLC (1.84%), Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (1.50%), International Assets Investment Management LLC (1.31%), Voloridge Investment Management LLC (1.01%) and ValueAct Holdings L.P. (1.01%). 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, Holly Faurot, J C Watts Jr, Jason D Clark, Jon Evans and Justin Devon Long.
View institutional ownership trends
.

How do I buy shares of Paycom Software?

Shares of PAYC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:PAYC) was last updated on 3/1/2024 by MarketBeat.com Staff