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

Shares of Paycom Software, Inc. (NYSE:PAYC) have been given an average rating of “Hold” by the twelve analysts that are presently covering the stock, MarketBeat reports. Eleven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $193.67.

Several brokerages have recently issued reports on PAYC. Barclays boosted their price objective on shares of Paycom Software from $172.00 to $181.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. BMO Capital Markets boosted their price objective on shares of Paycom Software from $183.00 to $197.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Mizuho boosted their price objective on shares of Paycom Software from $170.00 to $190.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Piper Sandler boosted their price objective on shares of Paycom Software from $160.00 to $191.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, TD Cowen boosted their price objective on shares of Paycom Software from $171.00 to $188.00 and gave the company a “hold” rating in a research note on Monday, September 23rd.

Paycom Software Stock Performance

Shares of PAYC opened at $227.80 on Friday. The stock has a fifty day moving average of $176.21 and a two-hundred day moving average of $164.88. The company has a market capitalization of $13.13 billion, a PE ratio of 27.41, a price-to-earnings-growth ratio of 3.06 and a beta of 1.14. Paycom Software has a fifty-two week low of $139.50 and a fifty-two week high of $233.69.

Paycom Software Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, November 25th will be given a $0.375 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $1.50 dividend on an annualized basis and a yield of 0.66%. Paycom Software’s payout ratio is currently 18.05%.

Insider Buying and Selling at Paycom Software

In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $162.27, for a total value of $316,426.50. Following the completion of the transaction, the chief executive officer now directly owns 2,961,308 shares of the company’s stock, valued at $480,531,449.16. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 58,500 shares of company stock valued at $10,226,093 in the last ninety days. Insiders own 14.50% of the company’s stock.

Institutional Investors Weigh In On Paycom Software

A number of institutional investors have recently modified their holdings of PAYC. Ashton Thomas Private Wealth LLC acquired a new stake in Paycom Software during the second quarter worth about $25,000. MFA Wealth Advisors LLC acquired a new stake in Paycom Software during the second quarter worth about $26,000. Armstrong Advisory Group Inc. acquired a new stake in Paycom Software during the third quarter worth about $26,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Paycom Software during the second quarter worth about $27,000. Finally, Brooklyn Investment Group acquired a new stake in Paycom Software during the third quarter worth about $28,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

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.