UBS Group Cuts Paycom Software (NYSE:PAYC) Price Target to $210.00

Paycom Software (NYSE:PAYC) had its price objective decreased by UBS Group from $245.00 to $210.00 in a research report sent to investors on Monday morning,Benzinga reports. UBS Group currently has a buy rating on the software maker’s stock.

Several other research firms have also recently issued reports on PAYC. TD Cowen dropped their price target on Paycom Software from $200.00 to $184.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Zacks Research cut Paycom Software from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Barclays cut their target price on Paycom Software from $210.00 to $185.00 and set an “equal weight” rating on the stock in a research report on Monday, January 12th. BTIG Research began coverage on Paycom Software in a research report on Wednesday, December 17th. They issued a “buy” rating and a $195.00 price target for the company. Finally, Jefferies Financial Group cut their price objective on Paycom Software from $225.00 to $190.00 and set a “hold” rating on the stock in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $209.64.

Paycom Software Trading Down 1.8%

Shares of Paycom Software stock opened at $139.58 on Monday. Paycom Software has a 52 week low of $139.43 and a 52 week high of $267.76. The stock has a market cap of $7.85 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 1.49 and a beta of 0.82. The company’s 50-day moving average price is $158.44 and its two-hundred day moving average price is $192.35.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, November 5th. The software maker reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.96 by ($0.02). Paycom Software had a return on equity of 24.79% and a net margin of 22.65%.The business had revenue of $493.30 million during the quarter, compared to analyst estimates of $492.62 million. During the same period in the prior year, the firm earned $1.67 EPS. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, equities analysts predict that Paycom Software will post 7.15 EPS for the current fiscal year.

Paycom Software Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, November 24th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Monday, November 24th. Paycom Software’s dividend payout ratio is currently 18.66%.

Insider Buying and Selling

In other Paycom Software news, CFO Robert D. Foster sold 1,300 shares of Paycom Software stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $162.66, for a total transaction of $211,458.00. Following the transaction, the chief financial officer owned 14,747 shares of the company’s stock, valued at $2,398,747.02. The trade was a 8.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 10.90% of the company’s stock.

Hedge Funds Weigh In On Paycom Software

Hedge funds have recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its holdings in shares of Paycom Software by 7.6% in the third quarter. UMB Bank n.a. now owns 789 shares of the software maker’s stock valued at $164,000 after purchasing an additional 56 shares in the last quarter. Applied Finance Capital Management LLC raised its position in Paycom Software by 4.3% in the 2nd quarter. Applied Finance Capital Management LLC now owns 1,425 shares of the software maker’s stock valued at $330,000 after buying an additional 59 shares during the last quarter. ORG Wealth Partners LLC raised its position in Paycom Software by 4.4% in the 3rd quarter. ORG Wealth Partners LLC now owns 1,390 shares of the software maker’s stock valued at $289,000 after buying an additional 59 shares during the last quarter. Wallace Advisory Group LLC lifted its stake in Paycom Software by 2.7% during the 2nd quarter. Wallace Advisory Group LLC now owns 2,262 shares of the software maker’s stock valued at $494,000 after acquiring an additional 60 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in Paycom Software by 4.0% during the 3rd quarter. Mackenzie Financial Corp now owns 1,624 shares of the software maker’s stock worth $338,000 after acquiring an additional 63 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Paycom Software Company Profile

Paycom Software, Inc (NYSE: PAYC) is a cloud-based human capital management (HCM) software provider that delivers an end-to-end solution for human resources, payroll, talent acquisition, time and labor management, and talent management. Its single-database platform enables organizations to process payroll, track time, administer benefits, and manage recruiting and employee development through a unified system. Paycom’s software is designed to streamline administrative tasks, improve data accuracy, and provide real-time reporting and analytics to support strategic HR decisions.

The company’s core offerings include payroll processing with built-in tax compliance, employee self-service functionality, automated time tracking, and customizable talent acquisition tools that allow employers to create and post job requisitions, screen candidates, and conduct onboarding electronically.