Paycom Software - PAYC Stock Forecast, Price & News

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Paycom Software in the last twelve months. There are currently 4 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PAYC shares.
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13 brokerages have issued 1 year target prices for Paycom Software's stock. Their PAYC share price forecasts range from $335.00 to $457.00. On average, they anticipate the company's stock price to reach $390.67 in the next twelve months. This suggests a possible upside of 18.4% from the stock's current price.
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Paycom Software's stock was trading at $415.19 at the beginning of the year. Since then, PAYC stock has decreased by 20.5% and is now trading at $329.99.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our PAYC earnings forecast.

Paycom Software, Inc. (NYSE:PAYC) released its earnings results on Tuesday, August, 2nd. The software maker reported $0.84 EPS for the quarter, beating the consensus estimate of $0.81 by $0.03. The software maker had revenue of $316.92 million for the quarter, compared to the consensus estimate of $309.17 million. Paycom Software had a trailing twelve-month return on equity of 23.38% and a net margin of 18.85%.

Paycom Software declared that its board has initiated a stock repurchase program on Monday, August 15th 2022, which authorizes the company to repurchase $1,100,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 4.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's management believes its shares are undervalued.

Paycom Software updated its third quarter 2022 earnings guidance on Tuesday, August, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $327.00 million-$329.00 million, compared to the consensus revenue estimate of $318.62 million.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "PAYC."

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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One share of PAYC stock can currently be purchased for approximately $329.99.

Paycom Software (NYSE:PAYC) has a market capitalization of $19.81 billion and generates $1.06 billion in revenue each year. The software maker earns $195.96 million in net income (profit) each year or $3.93 on an earnings per share basis.

The company employs 5,385 workers across the globe.

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.