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

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.

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.

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.

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.

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) 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.

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.

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 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.

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 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.

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.