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NYSE:PAYC

Paycom Software (PAYC) Stock Forecast, Price & News

$280.13
+0.31 (+0.11%)
(As of 05/31/2023 ET)
Compare
Today's Range
$273.15
$280.84
50-Day Range
$265.29
$307.25
52-Week Range
$255.82
$402.78
Volume
1.11 million shs
Average Volume
542,036 shs
Market Capitalization
$16.89 billion
P/E Ratio
52.56
Dividend Yield
0.54%
Price Target
$368.53

Paycom Software MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.69 Rating Score
Upside/​Downside
31.6% Upside
$368.53 Price Target
Short Interest
Healthy
2.90% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.12
Upright™ Environmental Score
News Sentiment
0.26mentions of Paycom Software in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$417,779 Sold Last Quarter
Proj. Earnings Growth
21.26%
From $6.21 to $7.53 Per Share

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 stars

Computer And Technology Sector

21st out of 621 stocks

Prepackaged Software Industry

2nd out of 219 stocks


PAYC stock logo

About Paycom Software (NYSE:PAYC) Stock

Paycom 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.

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PAYC Stock News Headlines

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.
Paycom: A Highly Efficient Growth Company
PAYC - Paycom Software, Inc.
Paycom Software (NYSE:PAYC) Lowered to Hold at StockNews.com
"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 >>>
Paycom Software, Inc. (PAYC) To Go Ex-Dividend on May 26th
Paycom initiates $0.375 quarterly dividend
StockNews.com Upgrades Paycom Software (NYSE:PAYC) to Buy
Paycom Announces Quarterly Cash Dividend
See More Headlines
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PAYC Company Calendar

Last Earnings
5/02/2023
Ex-Dividend for 6/12 Dividend
5/26/2023
Today
5/31/2023
Dividend Payable
6/12/2023
Next Earnings (Estimated)
8/01/2023
Fiscal Year End
12/31/2023

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 Forecast
$368.53
High Stock Price Forecast
$450.00
Low Stock Price Forecast
$300.00
Forecasted Upside/Downside
+33.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.69
Research Coverage
13 Analysts

Profitability

Net Income
$281.39 million
Pretax Margin
29.03%

Debt

Sales & Book Value

Annual Sales
$1.38 billion
Cash Flow
$6.11 per share
Book Value
$22.13 per share

Miscellaneous

Free Float
51,551,000
Market Cap
$16.63 billion
Optionable
Optionable
Beta
1.41

Social Links


Key Executives

  • Chad R. RichisonChad R. Richison
    Chairman, President & Chief Executive Officer
  • Thomas Christopher
    Senior Executive Vice President-Operations
  • Craig E. BoelteCraig E. Boelte
    Chief Financial Officer, Secretary & Treasurer
  • Bradley S. SmithBradley S. Smith
    Chief Information Officer
  • Kathy Oden-Hall
    Chief Marketing Officer & Executive Vice President













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
.

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

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