Brokerages Set Paycom Software, Inc. (NYSE:PAYC) Price Target at $180.17

Shares of Paycom Software, Inc. (NYSE:PAYC) have been given an average recommendation of “Hold” by the seventeen analysts that are covering the stock, MarketBeat.com reports. Sixteen equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $180.17.

PAYC has been the subject of a number of research analyst reports. Barclays raised their price objective on Paycom Software from $167.00 to $172.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. TD Cowen raised their price target on Paycom Software from $171.00 to $188.00 and gave the company a “hold” rating in a report on Monday, September 23rd. StockNews.com cut Paycom Software from a “buy” rating to a “hold” rating in a report on Monday, July 15th. Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a research report on Thursday, August 1st. Finally, Jefferies Financial Group reduced their price target on shares of Paycom Software from $170.00 to $145.00 and set a “hold” rating on the stock in a research report on Monday, June 24th.

Paycom Software Trading Up 1.2 %

NYSE PAYC opened at $167.82 on Tuesday. Paycom Software has a 12 month low of $139.50 and a 12 month high of $264.70. The stock’s 50 day moving average is $164.48 and its 200 day moving average is $164.38. The stock has a market cap of $9.75 billion, a PE ratio of 20.44, a P/E/G ratio of 2.33 and a beta of 1.17.

Paycom Software (NYSE:PAYC) last released its earnings results on Wednesday, July 31st. The software maker reported $1.20 EPS for the quarter, topping the consensus estimate of $1.13 by $0.07. The firm had revenue of $437.51 million for the quarter, compared to the consensus estimate of $436.19 million. Paycom Software had a net margin of 26.55% and a return on equity of 33.36%. On average, analysts forecast that Paycom Software will post 6.67 EPS for the current fiscal year.

Paycom Software Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Monday, August 26th were given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date was Monday, August 26th. Paycom Software’s dividend payout ratio (DPR) is currently 18.27%.

Insiders Place Their Bets

In other news, insider Bradley Scott Smith sold 1,524 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $157.62, for a total transaction of $240,212.88. Following the transaction, the insider now owns 14,769 shares of the company’s stock, valued at approximately $2,327,889.78. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Bradley Scott Smith sold 1,524 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $157.62, for a total transaction of $240,212.88. Following the completion of the sale, the insider now directly owns 14,769 shares of the company’s stock, valued at approximately $2,327,889.78. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $160.56, for a total transaction of $313,092.00. Following the sale, the chief executive officer now directly owns 3,004,208 shares of the company’s stock, valued at $482,355,636.48. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 71,906 shares of company stock valued at $11,697,727 over the last 90 days. Insiders own 14.50% of the company’s stock.

Hedge Funds Weigh In On Paycom Software

A number of hedge funds and other institutional investors have recently made changes to their positions in PAYC. V Square Quantitative Management LLC lifted its stake in Paycom Software by 70.2% in the fourth quarter. V Square Quantitative Management LLC now owns 1,062 shares of the software maker’s stock worth $220,000 after acquiring an additional 438 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Paycom Software by 10.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 211,658 shares of the software maker’s stock worth $43,754,000 after purchasing an additional 20,879 shares during the period. Fisher Asset Management LLC boosted its stake in shares of Paycom Software by 1.8% during the fourth quarter. Fisher Asset Management LLC now owns 217,117 shares of the software maker’s stock valued at $44,882,000 after purchasing an additional 3,760 shares in the last quarter. Wahed Invest LLC increased its holdings in Paycom Software by 7.9% during the fourth quarter. Wahed Invest LLC now owns 877 shares of the software maker’s stock valued at $181,000 after buying an additional 64 shares during the period. Finally, Vanguard Group Inc. raised its stake in Paycom Software by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 5,936,910 shares of the software maker’s stock worth $1,227,278,000 after buying an additional 137,583 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

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.