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

Paycom Software, Inc. (NYSE:PAYC) has earned a consensus recommendation of “Hold” from the twelve ratings firms that are covering the company, MarketBeat.com reports. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $193.67.

PAYC has been the subject of a number of research analyst reports. Barclays upped their target price on shares of Paycom Software from $172.00 to $181.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Mizuho lifted their target price on Paycom Software from $170.00 to $190.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Piper Sandler upped their price target on Paycom Software from $160.00 to $191.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. BMO Capital Markets lifted their price objective on shares of Paycom Software from $183.00 to $197.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Finally, TD Cowen increased their target price 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.

Insider Activity

In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction on Monday, September 9th. The shares were sold at an average price of $162.00, for a total transaction of $315,900.00. Following the completion of the transaction, the chief executive officer now directly owns 2,941,808 shares of the company’s stock, valued at $476,572,896. The trade was a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders have sold 52,650 shares of company stock valued at $9,414,035. 12.60% of the stock is owned by company insiders.

Institutional Trading of Paycom Software

A number of hedge funds have recently modified their holdings of PAYC. Ashton Thomas Private Wealth LLC bought a new stake in Paycom Software in the 2nd quarter valued at $25,000. MFA Wealth Advisors LLC bought a new stake in shares of Paycom Software in the second quarter valued at about $26,000. Armstrong Advisory Group Inc. bought a new stake in shares of Paycom Software in the third quarter valued at about $26,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Paycom Software in the second quarter valued at about $27,000. Finally, Brooklyn Investment Group bought a new position 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 Stock Performance

Shares of PAYC opened at $229.88 on Wednesday. The firm’s 50 day moving average price is $194.49 and its two-hundred day moving average price is $170.20. Paycom Software has a twelve month low of $139.50 and a twelve month high of $237.33. The firm has a market cap of $13.25 billion, a P/E ratio of 27.66, a PEG ratio of 3.09 and a beta of 1.11.

Paycom Software Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, November 25th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend is Monday, November 25th. Paycom Software’s dividend payout ratio (DPR) is presently 18.05%.

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.