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

Paycom Software, Inc. (NYSE:PAYC) has been given an average rating of “Hold” by the fourteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $159.6667.

A number of research analysts recently issued reports on the stock. Guggenheim decreased their price objective on shares of Paycom Software from $210.00 to $180.00 and set a “buy” rating for the company in a report on Thursday, February 12th. BTIG Research boosted their price objective on shares of Paycom Software from $140.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Cantor Fitzgerald boosted their price objective on shares of Paycom Software from $115.00 to $135.00 and gave the company a “neutral” rating in a report on Friday, March 6th. UBS Group cut their price target on shares of Paycom Software from $210.00 to $183.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. Finally, Mizuho lifted their price target on shares of Paycom Software from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PAYC. True Wealth Design LLC lifted its stake in Paycom Software by 946.7% in the fourth quarter. True Wealth Design LLC now owns 157 shares of the software maker’s stock valued at $25,000 after buying an additional 142 shares in the last quarter. Brown Brothers Harriman & Co. lifted its stake in Paycom Software by 190.6% in the fourth quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker’s stock valued at $25,000 after buying an additional 101 shares in the last quarter. Clearstead Advisors LLC lifted its stake in Paycom Software by 140.3% in the fourth quarter. Clearstead Advisors LLC now owns 161 shares of the software maker’s stock valued at $26,000 after buying an additional 94 shares in the last quarter. Caitlin John LLC bought a new position in Paycom Software in the third quarter valued at approximately $29,000. Finally, CYBER HORNET ETFs LLC bought a new position in Paycom Software in the second quarter valued at approximately $29,000. Institutional investors own 87.77% of the company’s stock.

Paycom Software Stock Down 3.1%

Shares of NYSE PAYC opened at $132.49 on Friday. The stock has a market cap of $6.31 billion, a P/E ratio of 15.32, a P/E/G ratio of 1.19 and a beta of 0.79. The firm has a 50 day moving average price of $131.07 and a 200 day moving average price of $138.76. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.08 and a current ratio of 1.08. Paycom Software has a 52-week low of $104.90 and a 52-week high of $253.61.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Wednesday, May 6th. The software maker reported $3.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.99 by $0.16. The firm had revenue of $571.80 million during the quarter, compared to analysts’ expectations of $564.37 million. Paycom Software had a net margin of 22.44% and a return on equity of 28.34%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.80 earnings per share. Analysts expect that Paycom Software will post 9.16 EPS for the current year.

Paycom Software Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th were paid a $0.375 dividend. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $1.50 dividend on an annualized basis and a yield of 1.1%. Paycom Software’s payout ratio is presently 17.34%.

About Paycom Software

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.