Paycom Software (PAYC) Stock Forecast, Price & News

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.

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.

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.

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.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our PAYC earnings forecast.

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.

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.

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), Motley Fool Mid-Cap Growth ETF (TMFM), Direxion Daily Cloud Computing Bull 2x (CLDL), Motley Fool Global Opportunities ETF (TMFG), Hartford Large Cap Growth ETF (HFGO) and Logan Capital Broad Innovative Growth ETF (LCLG).

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.

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.

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.

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 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.

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 $280.13.

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.

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.