Paycom Software, Inc. (NYSE:PAYC) Plans Quarterly Dividend of $0.38

Paycom Software, Inc. (NYSE:PAYC) announced a quarterly dividend on Monday, November 2nd. Investors of record on Monday, November 23rd will be given a dividend of $0.3750 per share by the software maker on Monday, December 7th. This represents a $1.50 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Monday, November 23rd.

Paycom Software has a dividend payout ratio of 15.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Paycom Software to earn $12.34 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 12.2%.

Paycom Software Stock Performance

PAYC stock opened at $265.66 on Tuesday. The firm has a 50 day simple moving average of $236.55 and a 200 day simple moving average of $164.66. Paycom Software has a 52 week low of $104.90 and a 52 week high of $275.22. The stock has a market cap of $11.97 billion, a P/E ratio of 28.23, a P/E/G ratio of 1.41 and a beta of 0.82. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.07 and a current ratio of 1.07.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Wednesday, August 5th. The software maker reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.40. Paycom Software had a net margin of 22.78% and a return on equity of 37.06%. The firm had revenue of $531.20 million for the quarter, compared to analyst estimates of $513.12 million. During the same quarter in the prior year, the business earned $2.06 EPS. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. Research analysts anticipate that Paycom Software will post 10.80 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Bank of America began coverage on shares of Paycom Software in a research note on Tuesday, September 29th. They issued an “underperform” rating and a $200.00 price target on the stock. UBS Group lifted their price objective on Paycom Software from $205.00 to $285.00 and gave the company a “buy” rating in a research report on Tuesday, September 1st. Barclays boosted their target price on Paycom Software from $210.00 to $250.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 13th. Jefferies Financial Group upped their target price on Paycom Software from $160.00 to $300.00 and gave the stock a “hold” rating in a research report on Tuesday, October 27th. Finally, Cantor Fitzgerald raised their price target on Paycom Software from $195.00 to $285.00 and gave the stock a “neutral” rating in a research note on Friday. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $256.21.

About Paycom Software

Paycom Software, Inc is a provider of cloud-based human capital management (HCM) software designed to help businesses manage employee-related processes through a unified platform. Its solutions support payroll, human resources, talent acquisition and management, time and labor management, compliance, and employee engagement.

The company’s software is intended to allow employers and employees to enter and manage workforce information within a single system. Its offerings include payroll processing, benefits administration, expense management, scheduling, performance management, learning, and recruiting tools.