Paycom Software’s (PAYC) Market Perform Rating Reaffirmed at William Blair

William Blair reiterated their market perform rating on shares of Paycom Software (NYSE:PAYC) in a research note issued to investors on Thursday morning, Zacks.com reports.

Several other analysts have also commented on PAYC. Piper Sandler raised their price objective on Paycom Software from $185.00 to $190.00 and gave the company a neutral rating in a report on Thursday, February 8th. Needham & Company LLC reissued a hold rating on shares of Paycom Software in a research note on Thursday. StockNews.com upgraded shares of Paycom Software from a hold rating to a buy rating in a research report on Friday. UBS Group increased their price objective on shares of Paycom Software from $235.00 to $250.00 and gave the company a buy rating in a report on Wednesday, January 10th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Paycom Software from $165.00 to $175.00 and gave the stock a neutral rating in a research note on Thursday. Sixteen equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Paycom Software currently has an average rating of Hold and an average target price of $247.25.

Paycom Software Stock Performance

Shares of NYSE PAYC opened at $171.29 on Thursday. The company has a market capitalization of $9.86 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 2.92 and a beta of 1.17. The company’s fifty day moving average price is $189.34 and its 200 day moving average price is $193.90. Paycom Software has a 1 year low of $146.15 and a 1 year high of $374.04.

Paycom Software (NYSE:PAYC) last posted its earnings results on Wednesday, February 7th. The software maker reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.15. Paycom Software had a net margin of 26.91% and a return on equity of 32.84%. The business had revenue of $434.60 million for the quarter, compared to analyst estimates of $422.50 million. During the same period in the prior year, the company posted $1.38 EPS. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. On average, equities analysts expect that Paycom Software will post 5.82 EPS for the current year.

Paycom Software Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Tuesday, May 28th will be given a dividend of $0.375 per share. The ex-dividend date is Friday, May 24th. This represents a $1.50 dividend on an annualized basis and a yield of 0.88%. Paycom Software’s payout ratio is 18.27%.

Institutional Trading of Paycom Software

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Paycom Software by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 5,936,910 shares of the software maker’s stock valued at $1,227,278,000 after acquiring an additional 137,583 shares during the last quarter. American Century Companies Inc. raised its stake in Paycom Software by 18.8% during the third quarter. American Century Companies Inc. now owns 1,139,511 shares of the software maker’s stock worth $295,441,000 after purchasing an additional 180,202 shares during the period. Brown Capital Management LLC boosted its holdings in Paycom Software by 10.1% in the 4th quarter. Brown Capital Management LLC now owns 1,106,045 shares of the software maker’s stock valued at $228,642,000 after purchasing an additional 101,744 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in shares of Paycom Software by 7.9% in the 1st quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 977,055 shares of the software maker’s stock valued at $182,426,000 after buying an additional 71,272 shares during the period. Finally, International Assets Investment Management LLC grew its stake in shares of Paycom Software by 16,173.6% in the 4th quarter. International Assets Investment Management LLC now owns 787,803 shares of the software maker’s stock valued at $162,855,000 after buying an additional 782,962 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

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.