NYSE:PAYC Paycom Software (PAYC) Stock Forecast, Price & News $280.13 +0.31 (+0.11%) (As of 05/31/2023 ET) Add Compare Share Share Today's Range$273.15▼$280.8450-Day Range$265.29▼$307.2552-Week Range$255.82▼$402.78Volume1.11 million shsAverage Volume542,036 shsMarket Capitalization$16.89 billionP/E Ratio52.56Dividend Yield0.54%Price Target$368.53 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Paycom Software MarketRank™ ForecastAnalyst RatingModerate Buy2.69 Rating ScoreUpside/Downside31.6% Upside$368.53 Price TargetShort InterestHealthy2.90% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-0.12Upright™ Environmental ScoreNews Sentiment0.26Based on 12 Articles This WeekInsider TradingSelling Shares$417,779 Sold Last QuarterProj. Earnings Growth21.26%From $6.21 to $7.53 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.3.03 out of 5 starsComputer And Technology Sector21st out of 621 stocksPrepackaged Software Industry2nd out of 219 stocks 3.3 Analyst's Opinion Consensus RatingPaycom Software has received a consensus rating of Buy. The company's average rating score is 2.69, and is based on 10 buy ratings, 2 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $368.53, Paycom Software has a forecasted upside of 31.6% from its current price of $280.13.Amount of Analyst CoveragePaycom Software has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.90% of the float of Paycom Software has been sold short.Short Interest Ratio / Days to CoverPaycom Software has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Paycom Software has recently increased by 33.04%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend YieldPaycom Software has a dividend yield of 0.53%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthPaycom Software does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Paycom Software is 28.14%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Paycom Software will have a dividend payout ratio of 19.92% next year. This indicates that Paycom Software will be able to sustain or increase its dividend. Previous Next 3.6 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScorePaycom Software has received a 45.57% net impact score from Upright. Paycom Software seems to create the most significant positive value in categories "Taxes", "Distributing knowledge", and "Jobs". The positive contribution in the "Distributing knowledge" impact category is mostly driven by its "Employee onboarding and offboarding software", "Payroll management software", and "Applicant tracking software for recruiting" products. See details.Environmental SustainabilityThe Environmental Impact score for Paycom Software is -0.12. Previous Next 2.4 News and Social Media Coverage News SentimentPaycom Software has a news sentiment score of 0.26. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 12 news articles for Paycom Software this week, compared to 6 articles on an average week.Search InterestOnly 19 people have searched for PAYC on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat Follows23 people have added Paycom Software to their MarketBeat watchlist in the last 30 days. This is an increase of 15% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Paycom Software insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $417,779.00 in company stock.Percentage Held by Insiders14.50% of the stock of Paycom Software is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions88.58% of the stock of Paycom Software is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Paycom Software are expected to grow by 21.26% in the coming year, from $6.21 to $7.53 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Paycom Software is 52.56, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.91.Price to Earnings Ratio vs. SectorThe P/E ratio of Paycom Software is 52.56, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 326.91.Price to Earnings Growth RatioPaycom Software has a PEG Ratio of 1.81. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioPaycom Software has a P/B Ratio of 12.66. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Paycom Software (NYSE:PAYC) StockPaycom Software, Inc. engages in the provision of cloud-based human capital management (HCM) software solutions delivered as Software-as-a-Service. It offers functionality and data analytics that businesses need to manage the complete employment life cycle from recruitment to retirement. Its solutions include talent acquisition, time and labor management, payroll, talent management, and human resource management. The company was founded by Chad R. Richison in 1998 and is headquartered in Oklahoma City, OK.Read More Receive PAYC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Paycom Software and its competitors with MarketBeat's FREE daily newsletter. Email Address PAYC Stock News HeadlinesMay 28, 2023 | dallasnews.comMotley Fool: Paycom’s innovations in payroll software make it worth a look for long termMay 26, 2023 | msn.comPaycom sends 200 Oklahoma City students to see ‘Hamilton’May 31, 2023 | Behind the Markets (Ad)Buy THIS stock before Taiwan is attacked... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.May 26, 2023 | seekingalpha.comPaycom: A Highly Efficient Growth CompanyMay 25, 2023 | finance.yahoo.comPAYC - Paycom Software, Inc.May 25, 2023 | finance.yahoo.comIs Trending Stock Paycom Software, Inc. (PAYC) a Buy Now?May 25, 2023 | americanbankingnews.comPaycom Software (NYSE:PAYC) Lowered to Hold at StockNews.comMay 23, 2023 | finance.yahoo.comPaycom to Present at the Baird Global Consumer, Technology & Services ConferenceMay 31, 2023 | Behind the Markets (Ad)"Unknown laser company making HUGE profit from Russia-Ukraine War"On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>May 21, 2023 | msn.comPaycom Software: Remains A Core Holding On Initiation Of A DividendMay 19, 2023 | dailymail.co.ukGwyneth Paltrow rocks a leather dress with sneakers as she gushes about 'innovation'May 17, 2023 | americanbankingnews.comPaycom Software, Inc. (PAYC) To Go Ex-Dividend on May 26thMay 16, 2023 | marketwatch.com“Healthcare Human Resources (HR) Software Market [2023-2030]”: Know the industry leaders, Current Trends and ScopeMay 16, 2023 | marketwatch.comGlobal Payroll System Market [2023-2030] | Top Competitors in the Industry are - Patriot Software, Rippling, Paycom, Paylocity, Isolved HCMMay 16, 2023 | marketwatch.comAdopting HCM Software Market Huge Growth by 2023 to 2030 with Leading Players | Oracle, Automatic Data Processing, LLCMay 16, 2023 | seekingalpha.comPaycom initiates $0.375 quarterly dividendMay 16, 2023 | americanbankingnews.comStockNews.com Upgrades Paycom Software (NYSE:PAYC) to BuyMay 15, 2023 | finance.yahoo.comPaycom Announces Quarterly Cash DividendMay 14, 2023 | finance.yahoo.comEstimating The Intrinsic Value Of Paycom Software, Inc. (NYSE:PAYC)May 12, 2023 | marketwatch.com2030, Benefits Administration Software Market Growth | Future Prospects and Competitive AnalysisMay 12, 2023 | marketwatch.comGlobal Human Resource Management Software Market (2023-2030) | Latest Research ReportMay 12, 2023 | americanbankingnews.comBrokerages Set Paycom Software, Inc. (NYSE:PAYC) Price Target at $368.53May 11, 2023 | finance.yahoo.comPaycom Software, Inc. (PAYC) is Attracting Investor Attention: Here is What You Should KnowMay 10, 2023 | marketwatch.comPaycom Software Inc. stock rises Wednesday, outperforms marketMay 9, 2023 | finance.yahoo.comInvesting Advice From Warren Buffett, and 2 Magnificent Growth Stocks to Buy NowMay 9, 2023 | americanbankingnews.comFY2023 EPS Estimates for Paycom Software, Inc. Increased by Analyst (NYSE:PAYC)May 7, 2023 | americanbankingnews.comPaycom Software, Inc. to Post Q2 2023 Earnings of $1.22 Per Share, DA Davidson Forecasts (NYSE:PAYC)See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive PAYC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Paycom Software and its competitors with MarketBeat's FREE daily newsletter. Email Address PAYC Company Calendar Last Earnings5/02/2023Ex-Dividend for 6/12 Dividend5/26/2023Today5/31/2023Dividend Payable6/12/2023Next Earnings (Estimated)8/01/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Prepackaged software Sub-IndustryN/A SectorComputer and Technology Current SymbolNYSE:PAYC CUSIPN/A CIK1590955 Webwww.paycom.com Phone(405) 722-6900FaxN/AEmployees6,349Year Founded1998Price Target and Rating Average Stock Price Forecast$368.53 High Stock Price Forecast$450.00 Low Stock Price Forecast$300.00 Forecasted Upside/Downside+33.6%Consensus RatingModerate Buy Rating Score (0-4)2.69 Research Coverage13 Analysts Profitability EPS (Most Recent Fiscal Year)$5.33 Trailing P/E Ratio51.74 Forward P/E Ratio44.41 P/E Growth1.81Net Income$281.39 million Net Margins20.96% Pretax Margin29.03% Return on Equity26.29% Return on Assets7.38% Debt Debt-to-Equity Ratio0.02 Current Ratio1.19 Quick Ratio1.19 Sales & Book Value Annual Sales$1.38 billion Price / Sales12.09 Cash Flow$6.11 per share Price / Cash Flow45.10 Book Value$22.13 per share Price / Book12.46Miscellaneous Outstanding Shares60,290,000Free Float51,551,000Market Cap$16.63 billion OptionableOptionable Beta1.41 Social Links Key ExecutivesChad R. RichisonChairman, President & Chief Executive OfficerThomas ChristopherSenior Executive Vice President-OperationsCraig E. BoelteChief Financial Officer, Secretary & TreasurerBradley S. SmithChief Information OfficerKathy Oden-HallChief Marketing Officer & Executive Vice PresidentKey CompetitorsTyler TechnologiesNYSE:TYLSplunkNASDAQ:SPLKPTCNASDAQ:PTCCheck Point Software TechnologiesNASDAQ:CHKPDynatraceNYSE:DTView All CompetitorsInsiders & InstitutionsProShare Advisors LLCBought 2,929 shares on 5/26/2023Ownership: 0.022%Jason D ClarkSold 430 sharesTotal: $119,965.70 ($278.99/share)Toroso Investments LLCBought 1,214 shares on 5/23/2023Ownership: 0.004%Seaport Global Advisors LLCSold 247 shares on 5/23/2023Ownership: 0.002%Ameriprise Financial Inc.Sold 42,575 shares on 5/22/2023Ownership: 0.781%View All Insider TransactionsView All Institutional Transactions PAYC Stock - Frequently Asked Questions Should I buy or sell Paycom Software stock right now? 13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Paycom Software in the last year. There are currently 1 sell rating, 2 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PAYC shares. View PAYC analyst ratings or view top-rated stocks. What is Paycom Software's stock price forecast for 2023? 13 analysts have issued 12 month target prices for Paycom Software's shares. Their PAYC share price forecasts range from $300.00 to $450.00. On average, they anticipate the company's share price to reach $368.53 in the next year. This suggests a possible upside of 31.6% 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 start of the year. Since then, PAYC stock has decreased by 9.7% and is now trading at $280.13. 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 May. As of May 15th, there was short interest totaling 1,490,000 shares, an increase of 33.0% from the April 30th total of 1,120,000 shares. Based on an average daily volume of 538,200 shares, the short-interest ratio is presently 2.8 days. Currently, 2.9% of the company's stock 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, August 1st 2023. View our PAYC earnings forecast. How were Paycom Software's earnings last quarter? Paycom Software, Inc. (NYSE:PAYC) issued its earnings results on Tuesday, May, 2nd. The software maker reported $2.06 EPS for the quarter, beating analysts' consensus estimates of $2.00 by $0.06. The software maker earned $451.64 million during the quarter, compared to the consensus estimate of $444.23 million. Paycom Software had a net margin of 20.96% and a trailing twelve-month return on equity of 26.29%. 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, May 15th. Shareholders of record on Tuesday, May 30th will be given a dividend of $0.375 per share on Monday, June 12th. This represents a $1.50 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend is Friday, May 26th. Read our dividend analysis for PAYC. What ETFs hold Paycom Software's stock? ETFs with the largest weight of Paycom Software (NYSE:PAYC) stock in their portfolio include Invesco Dynamic Software ETF (PSJ), 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), Hartford Large Cap Growth ETF (HFGO) and Logan Capital Broad Innovative Growth ETF (LCLG). 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 0.53%. The dividend payout ratio is 28.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PAYC will have a dividend payout ratio of 19.92% 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 initiated a share buyback program on Monday, August 15th 2022, which authorizes the company to buyback $1,100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 4.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's leadership believes its stock is undervalued. What guidance has Paycom Software issued on next quarter's earnings? Paycom Software updated its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $397.00 million-$399.00 million, compared to the consensus revenue estimate of $393.11 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). What is Paycom Software's stock symbol? Paycom Software trades on the New York Stock Exchange (NYSE) under the ticker symbol "PAYC." Who are Paycom Software's major shareholders? Paycom Software's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.36%), State Street Corp (3.17%), FMR LLC (2.70%), Geode Capital Management LLC (1.83%), Franklin Resources Inc. (1.82%) and Wellington Management Group LLP (1.68%). Insiders that own company stock include Bradley Scott Smith, Chad R Richison, Chad R Richison, Craig E Boelte, Craig E Boelte, Frederick C Peters II, Frederick C Peters II, Holly Faurot, J C Watts, Jr, Jason D Clark, Jeffrey D York, 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. What is Paycom Software's stock price today? One share of PAYC stock can currently be purchased for approximately $280.13. How much money does Paycom Software make? Paycom Software (NYSE:PAYC) has a market capitalization of $16.89 billion and generates $1.38 billion in revenue each year. The software maker earns $281.39 million in net income (profit) each year or $5.33 on an earnings per share basis. How many employees does Paycom Software have? The company employs 6,349 workers across the globe. How can I contact Paycom Software? 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. This page (NYSE:PAYC) was last updated on 5/31/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Paycom Software, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. 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