Paycom Software, Inc. (NYSE:PAYC) Receives $209.22 Average PT from Analysts

Shares of Paycom Software, Inc. (NYSE:PAYC) have been assigned an average recommendation of “Hold” from the eleven research firms that are covering the company, Marketbeat reports. Eleven investment analysts have rated the stock with a hold recommendation. The average 1 year target price among brokers that have issued a report on the stock in the last year is $209.22.

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Paycom Software from $185.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. BMO Capital Markets lifted their target price on shares of Paycom Software from $183.00 to $197.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. TD Cowen increased their price target on Paycom Software from $193.00 to $248.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Citigroup decreased their price objective on Paycom Software from $234.00 to $221.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Jefferies Financial Group increased their target price on Paycom Software from $170.00 to $175.00 and gave the company a “hold” rating in a research note on Thursday, October 31st.

Institutional Investors Weigh In On Paycom Software

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Private Trust Co. NA boosted its stake in Paycom Software by 9.3% in the 4th quarter. Private Trust Co. NA now owns 575 shares of the software maker’s stock worth $118,000 after purchasing an additional 49 shares during the period. Oppenheimer & Co. Inc. boosted its position in shares of Paycom Software by 1.8% during the fourth quarter. Oppenheimer & Co. Inc. now owns 2,939 shares of the software maker’s stock worth $602,000 after buying an additional 51 shares during the period. Wrapmanager Inc. grew its holdings in shares of Paycom Software by 2.6% during the third quarter. Wrapmanager Inc. now owns 2,176 shares of the software maker’s stock worth $362,000 after buying an additional 56 shares in the last quarter. Benjamin Edwards Inc. raised its position in Paycom Software by 1.1% in the 4th quarter. Benjamin Edwards Inc. now owns 5,502 shares of the software maker’s stock valued at $1,128,000 after buying an additional 60 shares during the last quarter. Finally, Andina Capital Management LLC lifted its stake in Paycom Software by 4.0% in the 3rd quarter. Andina Capital Management LLC now owns 1,651 shares of the software maker’s stock valued at $275,000 after acquiring an additional 63 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Paycom Software Price Performance

Shares of Paycom Software stock opened at $213.18 on Monday. The firm has a 50 day simple moving average of $208.35 and a 200 day simple moving average of $193.15. Paycom Software has a fifty-two week low of $139.50 and a fifty-two week high of $242.74. The firm has a market cap of $12.29 billion, a P/E ratio of 23.95, a P/E/G ratio of 2.42 and a beta of 1.15.

Paycom Software (NYSE:PAYC) last released its earnings results on Wednesday, February 12th. The software maker reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.99 by $0.03. Paycom Software had a return on equity of 33.53% and a net margin of 26.66%. On average, sell-side analysts expect that Paycom Software will post 7.15 EPS for the current year.

Paycom Software Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Monday, March 10th. Paycom Software’s payout ratio is currently 16.85%.

Paycom Software Company Profile

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.