Paycom Software, Inc. (NYSE:PAYC) Receives Average Rating of “Hold” from Analysts

Shares of Paycom Software, Inc. (NYSE:PAYC) have received a consensus recommendation of “Hold” from the seventeen research firms that are covering the company, Marketbeat.com reports. Sixteen research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $178.33.

A number of analysts have recently commented on the stock. Barclays boosted their price objective on shares of Paycom Software from $161.00 to $167.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. StockNews.com downgraded shares of 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 note on Thursday, August 1st. Jefferies Financial Group cut their price objective on shares of Paycom Software from $170.00 to $145.00 and set a “hold” rating for the company in a research report on Monday, June 24th. Finally, TD Cowen boosted their price objective on Paycom Software from $147.00 to $171.00 and gave the stock a “hold” rating in a report on Thursday, August 1st.

Paycom Software Trading Up 1.2 %

NYSE PAYC opened at $172.91 on Friday. The company has a 50 day moving average of $161.66 and a 200-day moving average of $168.34. Paycom Software has a 1-year low of $139.50 and a 1-year high of $279.96. The firm has a market cap of $10.05 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 2.37 and a beta of 1.17.

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

Paycom Software Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Monday, August 26th were paid a $0.375 dividend. The ex-dividend date was Monday, August 26th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.87%. Paycom Software’s payout ratio is presently 18.27%.

Insider Activity at Paycom Software

In other Paycom Software news, insider Bradley Scott Smith sold 1,524 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $157.62, for a total value 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 $2,327,889.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Bradley Scott Smith sold 1,524 shares of Paycom Software stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $157.62, for a total value of $240,212.88. Following the completion of the transaction, the insider now directly owns 14,769 shares in the company, valued at approximately $2,327,889.78. The transaction 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 the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $170.19, for a total value of $331,870.50. Following the sale, the chief executive officer now owns 2,810,910 shares in the company, valued at $478,388,772.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 73,856 shares of company stock valued at $11,532,113. 14.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Paycom Software

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PAYC. Ashton Thomas Private Wealth LLC bought a new position in shares of Paycom Software in the 2nd quarter worth $25,000. Mather Group LLC. bought a new stake in Paycom Software during the first quarter worth about $26,000. MFA Wealth Advisors LLC bought a new position in shares of Paycom Software during the 2nd quarter valued at about $26,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Paycom Software during the 2nd quarter valued at about $27,000. Finally, Palisade Asset Management LLC bought a new stake in Paycom Software in the 1st quarter worth approximately $32,000. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

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.