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 year. There are currently 1 sell rating, 3 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 12 month target prices for Paycom Software's stock. Their PAYC share price forecasts range from $310.00 to $450.00. On average, they anticipate the company's share price to reach $387.00 in the next twelve months. This suggests a possible upside of 43.1% from the stock's current price.
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Paycom Software's stock was trading at $310.31 at the start of the year. Since then, PAYC shares have decreased by 12.9% and is now trading at $270.37.
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Paycom Software saw a increase in short interest in February. As of February 15th, there was short interest totaling 1,120,000 shares, an increase of 18.3% from the January 31st total of 946,500 shares. Based on an average daily volume of 466,200 shares, the short-interest ratio is currently 2.4 days. Approximately 2.2% of the company's stock are short sold.
View Paycom Software's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our PAYC earnings forecast.

Paycom Software, Inc. (NYSE:PAYC) announced its quarterly earnings results on Tuesday, February, 7th. The software maker reported $1.73 earnings per share for the quarter, topping analysts' consensus estimates of $1.49 by $0.24. The software maker earned $370.61 million during the quarter, compared to analysts' expectations of $366.71 million. Paycom Software had a net margin of 20.46% and a trailing twelve-month return on equity of 25.62%. The firm's revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.82 EPS.
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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), Direxion Daily Cloud Computing Bull 2x (CLDL), Motley Fool Mid-Cap Growth ETF (TMFM), Motley Fool Global Opportunities ETF (TMFG), Hartford Large Cap Growth ETF (HFGO) and Logan Capital Broad Innovative Growth ETF (LCLG).

Paycom Software declared that its Board of Directors has authorized a share buyback program on Monday, August 15th 2022, which permits the company to buyback $1,100,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 4.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its shares are undervalued.

Paycom Software issued an update on its first quarter 2023 earnings guidance on Tuesday, February, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $443.00 million-$445.00 million, compared to the consensus revenue estimate of $437.11 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 number of retail and institutional investors. Top institutional shareholders include Geode Capital Management LLC (1.82%), Morgan Stanley (1.81%), Voya Investment Management LLC (1.78%), Franklin Resources Inc. (1.55%), Price T Rowe Associates Inc. MD (1.43%) and Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (1.16%). 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 $270.37.

Paycom Software (NYSE:PAYC) has a market capitalization of $16.31 billion and generates $1.38 billion in revenue each year. The software maker earns $281.39 million in net income (profit) each year or $4.85 on an earnings per share basis.

The company employs 6,349 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.