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

Paycom Software, Inc. (NYSE:PAYC) has received a consensus recommendation of “Hold” from the seventeen brokerages that are covering the company, MarketBeat reports. Sixteen research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $180.17.

Several research firms recently commented on PAYC. TD Cowen raised their price objective on shares of Paycom Software from $171.00 to $188.00 and gave the stock a “hold” rating in a report on Monday, September 23rd. Barclays upped their target price on shares of Paycom Software from $167.00 to $172.00 and gave the stock an “equal weight” rating in a research report on Friday. Needham & Company LLC reissued a “hold” rating on shares of Paycom Software in a research note on Thursday, August 1st. Jefferies Financial Group lowered their price target on shares of Paycom Software from $170.00 to $145.00 and set a “hold” rating for the company in a research note on Monday, June 24th. Finally, StockNews.com downgraded shares of Paycom Software from a “buy” rating to a “hold” rating in a research note on Monday, July 15th.

Insider Buying and Selling

In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $160.11, for a total value of $312,214.50. Following the transaction, the chief executive officer now directly owns 3,013,958 shares in the company, valued at approximately $482,564,815.38. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Bradley Scott Smith sold 1,524 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $157.62, for a total transaction of $240,212.88. Following the sale, the insider now directly owns 14,769 shares in the company, valued at $2,327,889.78. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Chad R. Richison sold 1,950 shares of the firm’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $160.11, for a total transaction of $312,214.50. Following the sale, the chief executive officer now owns 3,013,958 shares in the company, valued at $482,564,815.38. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,956 shares of company stock worth $11,342,924. 14.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Paycom Software

Several institutional investors have recently bought and sold shares of the stock. Ashton Thomas Private Wealth LLC purchased 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 1st quarter valued at about $26,000. MFA Wealth Advisors LLC bought a new stake in Paycom Software during the 2nd quarter valued at about $26,000. Armstrong Advisory Group Inc. bought a new stake in Paycom Software during the 3rd quarter valued at about $26,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Paycom Software in the 2nd quarter valued at about $27,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Paycom Software Price Performance

PAYC stock opened at $164.68 on Tuesday. The stock has a market capitalization of $9.57 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 2.31 and a beta of 1.17. The company’s 50-day moving average is $163.57 and its 200-day moving average is $165.53. Paycom Software has a 1 year low of $139.50 and a 1 year high of $275.67.

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

Paycom Software Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Monday, August 26th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.91%. The ex-dividend date was Monday, August 26th. Paycom Software’s dividend payout ratio is currently 18.27%.

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.