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 brokers have issued 1 year price objectives for Paycom Software's stock. Their PAYC share price forecasts range from $335.00 to $450.00. On average, they predict the company's stock price to reach $390.13 in the next twelve months. This suggests a possible upside of 24.8% from the stock's current price.
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Paycom Software's stock was trading at $415.19 at the start of the year. Since then, PAYC shares have decreased by 24.7% and is now trading at $312.67.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 14th 2023.
View our PAYC earnings forecast.

Paycom Software, Inc. (NYSE:PAYC) posted its quarterly earnings data on Tuesday, November, 2nd. The software maker reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.32. The software maker earned $256.19 million during the quarter, compared to the consensus estimate of $250.26 million. Paycom Software had a trailing twelve-month return on equity of 24.24% and a net margin of 19.40%. During the same quarter in the prior year, the firm earned $0.47 earnings per share.
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Paycom Software announced that its board has authorized a stock buyback program on Monday, August 15th 2022, which allows the company to buyback $1,100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 4.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its stock is undervalued.

Paycom Software issued an update on its fourth quarter 2022 earnings guidance on Tuesday, November, 8th. The company provided earnings per share 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 investors include Vanguard Group Inc. (9.45%), BlackRock Inc. (8.23%), State Street Corp (3.08%), Price T Rowe Associates Inc. MD (1.62%), Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (1.18%) and Eaton Vance Management (1.15%). 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 $312.67.

Paycom Software (NYSE:PAYC) has a market capitalization of $18.77 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.