Paycom Software (NYSE:PAYC) Price Target Raised to $154.00

Paycom Software (NYSE:PAYC) had its price objective increased by Barclays from $148.00 to $154.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an equal weight rating on the software maker’s stock.

Other equities analysts have also issued reports about the stock. Citigroup increased their price objective on shares of Paycom Software from $120.00 to $136.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Weiss Ratings upgraded Paycom Software from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 16th. BTIG Research lifted their price target on shares of Paycom Software from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. UBS Group reduced their price target on shares of Paycom Software from $210.00 to $183.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. Finally, Zacks Research upgraded shares of Paycom Software from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $159.75.

Paycom Software Price Performance

Shares of PAYC stock opened at $138.98 on Tuesday. The firm has a market cap of $6.62 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 1.18 and a beta of 0.80. Paycom Software has a 12 month low of $104.90 and a 12 month high of $248.95. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.83. The stock has a 50-day moving average price of $136.52 and a 200 day moving average price of $133.17.

Paycom Software (NYSE:PAYC) last released its earnings results on Wednesday, May 6th. The software maker reported $3.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.99 by $0.16. The company had revenue of $571.80 million for the quarter, compared to the consensus estimate of $564.37 million. Paycom Software had a net margin of 22.44% and a return on equity of 28.34%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.80 EPS. Research analysts expect that Paycom Software will post 9.37 EPS for the current year.

Paycom Software Dividend Announcement

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

Institutional Investors Weigh In On Paycom Software

Institutional investors have recently bought and sold shares of the company. CYBER HORNET ETFs LLC acquired a new stake in shares of Paycom Software in the second quarter valued at approximately $29,000. MUFG Securities EMEA plc acquired a new position in Paycom Software during the second quarter worth $33,000. Brown Brothers Harriman & Co. boosted its holdings in Paycom Software by 190.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker’s stock worth $25,000 after purchasing an additional 101 shares during the last quarter. True Wealth Design LLC grew its position in Paycom Software by 946.7% in the fourth quarter. True Wealth Design LLC now owns 157 shares of the software maker’s stock valued at $25,000 after purchasing an additional 142 shares in the last quarter. Finally, Palisade Asset Management LLC bought a new position in Paycom Software in the third quarter valued at $33,000. Institutional investors own 87.77% of the company’s stock.

About Paycom Software

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.