Paycom Software - PAYC Stock Forecast, Price & News

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Paycom Software in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PAYC shares.
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14 equities research analysts have issued twelve-month target prices for Paycom Software's stock. Their PAYC share price forecasts range from $310.00 to $450.00. On average, they expect the company's stock price to reach $382.82 in the next twelve months. This suggests a possible upside of 18.8% from the stock's current price.
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Paycom Software's stock was trading at $310.31 at the beginning of 2023. Since then, PAYC stock has increased by 3.8% and is now trading at $322.24.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 7th 2023.
View our PAYC earnings forecast.

Paycom Software will be holding an earnings conference call on Tuesday, February 7th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 866-813-9403 with passcode "365563".

Paycom Software, Inc. (NYSE:PAYC) released its quarterly earnings results on Tuesday, November, 1st. The software maker reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.11. The software maker had revenue of $334.17 million for the quarter, compared to analyst estimates of $328.09 million. Paycom Software had a net margin of 19.40% and a trailing twelve-month return on equity of 24.24%.

Paycom Software announced that its Board of Directors has approved a share repurchase program on Monday, August 15th 2022, which authorizes the company to buyback $1,100,000,000.00 in 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 often a sign that the company's board of directors believes its stock is undervalued.

Paycom Software updated its fourth quarter 2022 earnings guidance on Tuesday, November, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $366.00 million-$368.00 million, compared to the consensus revenue estimate of $356.37 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."

Paycom Software's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Congress Asset Management Co. MA (0.95%), Riverbridge Partners LLC (0.67%), Natixis Advisors L.P. (0.23%), State of Michigan Retirement System (0.22%), Calamos Advisors LLC (0.16%) and Silvant Capital Management LLC (0.03%). 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, Jason D Clark, Jeffrey D York, Jon Evans, Justin Devon Long and Robert J Levenson.
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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 $322.24.

Paycom Software (NYSE:PAYC) has a market capitalization of $19.34 billion and generates $1.06 billion in revenue each year. The software maker earns $195.96 million in net income (profit) each year or $4.31 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.