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S&P 500   4,554.89
DOW   35,416.98
QQQ   390.19
Alibaba is down more than 10% since earnings, now what?
Secure your stake in the Smart Home industry. (Ad)
5 stocks for the Christmas wishlist: Hoping for a pullback
Teva Pharma is the way to play the re-rise of generic drugs
Secure your stake in the Smart Home industry. (Ad)
Lemonade nears breakout, short interest surges, analysts bearish
ULTA stock is setting up to swing for the fences
Secure your stake in the Smart Home industry. (Ad)
Li Auto smashes estimates proving EVs can be profitable
Get ready for Christmas shopping-sprees with these 2 winners
S&P 500   4,554.89
DOW   35,416.98
QQQ   390.19
Alibaba is down more than 10% since earnings, now what?
Secure your stake in the Smart Home industry. (Ad)
5 stocks for the Christmas wishlist: Hoping for a pullback
Teva Pharma is the way to play the re-rise of generic drugs
Secure your stake in the Smart Home industry. (Ad)
Lemonade nears breakout, short interest surges, analysts bearish
ULTA stock is setting up to swing for the fences
Secure your stake in the Smart Home industry. (Ad)
Li Auto smashes estimates proving EVs can be profitable
Get ready for Christmas shopping-sprees with these 2 winners
S&P 500   4,554.89
DOW   35,416.98
QQQ   390.19
Alibaba is down more than 10% since earnings, now what?
Secure your stake in the Smart Home industry. (Ad)
5 stocks for the Christmas wishlist: Hoping for a pullback
Teva Pharma is the way to play the re-rise of generic drugs
Secure your stake in the Smart Home industry. (Ad)
Lemonade nears breakout, short interest surges, analysts bearish
ULTA stock is setting up to swing for the fences
Secure your stake in the Smart Home industry. (Ad)
Li Auto smashes estimates proving EVs can be profitable
Get ready for Christmas shopping-sprees with these 2 winners

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

$178.27
+2.16 (+1.23%)
(As of 11/28/2023 ET)
Compare
Today's Range
$174.75
$178.59
50-Day Range
$150.71
$278.26
52-Week Range
$146.15
$374.04
Volume
598,566 shs
Average Volume
652,492 shs
Market Capitalization
$10.74 billion
P/E Ratio
30.47
Dividend Yield
0.84%
Price Target
$273.12

Paycom Software MarketRank™ Stock Analysis

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
53.2% Upside
$273.12 Price Target
Short Interest
Healthy
3.27% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.12
Upright™ Environmental Score
News Sentiment
-0.03mentions of Paycom Software in the last 14 days
Based on 13 Articles This Week
Insider Trading
Acquiring Shares
$49,989 Bought Last Quarter
Proj. Earnings Growth
5.48%
From $6.02 to $6.35 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.07 out of 5 stars

Computer And Technology Sector

12th out of 597 stocks

Prepackaged Software Industry

5th out of 196 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/schedule exchange, 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, Paycom pay, expense management, mileage tracker/fixed and variable rates, garnishment management, and GL concierge applications; and talent management applications that include employee self-service, compensation budgeting, performance management, position management, and Paycom learning and content subscriptions, as well as my analytics, which offer employment predictor reporting. 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; COBRA administration; personnel action and performance discussion forms; surveys; and affordable care act applications, as well as Clue, which securely collect, track, and manage the vaccination and testing data of the workforce. Paycom Software, Inc. was founded in 1998 and is headquartered in Oklahoma City, Oklahoma.

PAYC Stock Price History

PAYC Stock News Headlines

Bargain alert: 3 large caps with RSIs that scream oversold (PAYC)
With a risk-on sentiment returning, it's a great time to see what stocks were perhaps beaten down more than they deserved and if any are still oversold
3 payroll companies get clocked, but 1 looks cheap (PAYC)
Despite the strong jobs market, stocks of payroll companies are plummeting, and valuations are more attractive, but one provides more value than the others
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Last chance to invest in RYSE – the shade automation technology launching in over 100 Best Buy stores this month.
Secure your stake in the Smart Home industry.
Last chance to invest in RYSE – the shade automation technology launching in over 100 Best Buy stores this month.
Paycom Shareholder Action Reminder
1 Unstoppable Stock Down 54% to Buy and Hold Forever
See More Headlines
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Company Calendar

Ex-Dividend for 9/11 Dividend
8/25/2023
Dividend Payable
9/11/2023
Last Earnings
10/31/2023
Ex-Dividend for 12/11 Dividend
11/24/2023
Today
11/28/2023
Dividend Payable
12/11/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/06/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
6,349
Year Founded
1998

Price Target and Rating

Average Stock Price Target
$273.12
High Stock Price Target
$450.00
Low Stock Price Target
$160.00
Potential Upside/Downside
+53.2%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
18 Analysts

Profitability

Net Income
$281.39 million
Pretax Margin
29.11%

Debt

Sales & Book Value

Annual Sales
$1.38 billion
Cash Flow
$6.22 per share
Book Value
$19.70 per share

Miscellaneous

Free Float
51,495,000
Market Cap
$10.74 billion
Optionable
Optionable
Beta
1.40

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PAYC Stock Analysis - Frequently Asked Questions

Should I buy or sell Paycom Software stock right now?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paycom Software in the last year. There are currently 1 sell rating, 13 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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?

18 Wall Street analysts have issued 12 month price targets for Paycom Software's shares. Their PAYC share price targets range from $160.00 to $450.00. On average, they predict the company's stock price to reach $273.12 in the next twelve months. This suggests a possible upside of 53.2% 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 2023?

Paycom Software's stock was trading at $310.31 at the beginning of 2023. Since then, PAYC shares have decreased by 42.6% and is now trading at $178.27.
View the best growth stocks for 2023 here
.

Are investors shorting Paycom Software?

Paycom Software saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 1,680,000 shares, an increase of 46.1% from the October 31st total of 1,150,000 shares. Based on an average daily trading volume, of 900,000 shares, the days-to-cover ratio is currently 1.9 days. Currently, 3.3% of the company's shares are short sold.
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, February 6th 2024.
View our PAYC earnings forecast
.

How were Paycom Software's earnings last quarter?

Paycom Software, Inc. (NYSE:PAYC) issued its earnings results on Tuesday, October, 31st. The software maker reported $1.77 EPS for the quarter, topping the consensus estimate of $1.61 by $0.16. The software maker had revenue of $406.30 million for the quarter, compared to analyst estimates of $411.17 million. Paycom Software had a net margin of 20.80% and a trailing twelve-month return on equity of 25.02%. Paycom Software's revenue was up 21.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.92 earnings per share.
Read the conference call transcript
.

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

Paycom Software announced a quarterly dividend on Monday, October 30th. Shareholders 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 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Friday, November 24th.
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 0.84%. 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.

How will Paycom Software's stock buyback program work?

Paycom Software declared that its Board of Directors has approved a share buyback program on Monday, August 15th 2022, which allows the company to repurchase $1,100,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 4.7% of its shares through open market purchases. Shares repurchase programs 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 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.

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 many different retail and institutional investors. Top institutional shareholders 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.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:PAYC) was last updated on 11/29/2023 by MarketBeat.com Staff

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