Brokerages Set Paycom Software, Inc. (NYSE:PAYC) Price Target at $225.77

Paycom Software, Inc. (NYSE:PAYC) has received an average rating of “Hold” from the sixteen ratings firms that are currently covering the firm, Marketbeat reports. Twelve investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $225.7692.

A number of research firms have recently commented on PAYC. Barclays dropped their price objective on Paycom Software from $225.00 to $210.00 and set an “equal weight” rating for the company in a report on Thursday, November 6th. Cantor Fitzgerald upgraded Paycom Software to a “hold” rating in a research note on Thursday, September 11th. Guggenheim initiated coverage on Paycom Software in a report on Friday, September 26th. They issued a “buy” rating and a $270.00 price objective on the stock. JPMorgan Chase & Co. decreased their target price on Paycom Software from $235.00 to $220.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Finally, UBS Group cut their price target on shares of Paycom Software from $285.00 to $245.00 and set a “buy” rating on the stock in a report on Thursday, November 6th.

Insider Buying and Selling at Paycom Software

In related news, CFO Robert D. Foster sold 1,300 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $162.66, for a total transaction of $211,458.00. Following the completion of the sale, the chief financial officer directly owned 14,747 shares of the company’s stock, valued at approximately $2,398,747.02. This represents a 8.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 10.90% of the company’s stock.

Institutional Investors Weigh In On Paycom Software

A number of large investors have recently added to or reduced their stakes in PAYC. Caitlin John LLC acquired a new position in Paycom Software in the 3rd quarter worth $29,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Paycom Software during the second quarter worth about $29,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Paycom Software during the third quarter worth about $31,000. MUFG Securities EMEA plc acquired a new position in shares of Paycom Software in the second quarter worth about $33,000. Finally, Palisade Asset Management LLC purchased a new position in Paycom Software in the third quarter valued at about $33,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Paycom Software Price Performance

Shares of PAYC stock opened at $163.00 on Friday. The firm’s 50-day simple moving average is $177.48 and its 200-day simple moving average is $210.54. Paycom Software has a 1-year low of $156.50 and a 1-year high of $267.76. The firm has a market cap of $9.17 billion, a P/E ratio of 20.27, a PEG ratio of 1.77 and a beta of 0.84.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Wednesday, November 5th. The software maker reported $1.94 EPS for the quarter, missing the consensus estimate of $1.96 by ($0.02). The company had revenue of $493.30 million for the quarter, compared to analyst estimates of $492.62 million. Paycom Software had a return on equity of 24.79% and a net margin of 22.65%.The business’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period last year, the company posted $1.67 EPS. Analysts expect that Paycom Software will post 7.15 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, November 24th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, November 24th. Paycom Software’s dividend payout ratio (DPR) is currently 18.66%.

About Paycom Software

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.