Paycom Software, Inc. (NYSE:PAYC) Given Average Recommendation of “Hold” by Brokerages

Paycom Software, Inc. (NYSE:PAYC) has earned a consensus recommendation of “Hold” from the fourteen ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $159.6667.

Several equities analysts have recently weighed in on the stock. UBS Group dropped their price objective on shares of Paycom Software from $210.00 to $183.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. BTIG Research upped their price objective on shares of Paycom Software from $140.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Zacks Research upgraded shares of Paycom Software from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. Guggenheim lowered their price objective on shares of Paycom Software from $210.00 to $180.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Finally, TD Cowen raised their price objective on shares of Paycom Software from $148.00 to $154.00 and gave the company a “buy” rating in a research note on Thursday, May 7th.

Paycom Software Price Performance

Shares of NYSE PAYC opened at $136.28 on Wednesday. The firm’s 50-day moving average price is $126.69 and its 200-day moving average price is $143.42. Paycom Software has a 1-year low of $104.90 and a 1-year high of $267.76. The firm has a market capitalization of $6.49 billion, a P/E ratio of 15.75, a P/E/G ratio of 1.24 and a beta of 0.77. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.83.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, May 6th. The software maker reported $3.15 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.16. Paycom Software had a net margin of 22.44% and a return on equity of 28.34%. The firm had revenue of $571.80 million for the quarter, compared to analyst estimates of $564.37 million. During the same quarter in the prior year, the business earned $2.80 earnings per share. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. Equities research analysts anticipate that Paycom Software will post 8.7 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $1.50 annualized dividend and a dividend yield of 1.1%. Paycom Software’s payout ratio is presently 17.34%.

Institutional Investors Weigh In On Paycom Software

Several hedge funds and other institutional investors have recently made changes to their positions in the business. UMB Bank n.a. increased its position in shares of Paycom Software by 7.6% during the third quarter. UMB Bank n.a. now owns 789 shares of the software maker’s stock worth $164,000 after acquiring an additional 56 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of Paycom Software by 4.0% during the third quarter. Mackenzie Financial Corp now owns 1,624 shares of the software maker’s stock worth $338,000 after acquiring an additional 63 shares in the last quarter. Davis Investment Partners LLC increased its position in shares of Paycom Software by 2.3% during the fourth quarter. Davis Investment Partners LLC now owns 2,988 shares of the software maker’s stock worth $455,000 after acquiring an additional 68 shares in the last quarter. Compound Planning Inc. increased its position in shares of Paycom Software by 2.9% during the third quarter. Compound Planning Inc. now owns 2,899 shares of the software maker’s stock worth $603,000 after acquiring an additional 83 shares in the last quarter. Finally, Boyd Watterson Asset Management LLC OH increased its position in shares of Paycom Software by 0.8% during the third quarter. Boyd Watterson Asset Management LLC OH now owns 10,576 shares of the software maker’s stock worth $2,201,000 after acquiring an additional 84 shares in the last quarter. 87.77% of the stock is owned by institutional investors.

Paycom Software Company Profile

Paycom Software, Inc (NYSE: PAYC) is a cloud-based human capital management (HCM) software provider that delivers an end-to-end solution for human resources, payroll, talent acquisition, time and labor management, and talent management. Its single-database platform enables organizations to process payroll, track time, administer benefits, and manage recruiting and employee development through a unified system. Paycom’s software is designed to streamline administrative tasks, improve data accuracy, and provide real-time reporting and analytics to support strategic HR decisions.

The company’s core offerings include payroll processing with built-in tax compliance, employee self-service functionality, automated time tracking, and customizable talent acquisition tools that allow employers to create and post job requisitions, screen candidates, and conduct onboarding electronically.