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

Paycom Software, Inc. (NYSE:PAYC) has been assigned an average recommendation of “Hold” from the seventeen ratings firms that are covering the firm, Marketbeat Ratings reports. Sixteen research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $178.33.

A number of research analysts recently issued reports on PAYC shares. JPMorgan Chase & Co. lifted their price objective on shares of Paycom Software from $165.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. BMO Capital Markets decreased their price objective on shares of Paycom Software from $200.00 to $190.00 and set a “market perform” rating on the stock in a research note on Thursday, May 2nd. Barclays lifted their price objective on shares of Paycom Software from $161.00 to $167.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. William Blair reissued a “market perform” rating on shares of Paycom Software in a research note on Thursday, May 2nd. Finally, Citigroup decreased their price objective on shares of Paycom Software from $193.00 to $162.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 18th.

Insider Transactions at Paycom Software

In other news, CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction on Friday, May 17th. The shares were sold at an average price of $180.82, for a total transaction of $352,599.00. Following the transaction, the chief executive officer now owns 3,091,958 shares in the company, valued at $559,087,845.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction on Friday, May 17th. The shares were sold at an average price of $180.82, for a total transaction of $352,599.00. Following the transaction, the chief executive officer now owns 3,091,958 shares in the company, valued at $559,087,845.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jason D. Clark sold 906 shares of Paycom Software stock in a transaction on Friday, June 14th. The stock was sold at an average price of $143.61, for a total transaction of $130,110.66. Following the transaction, the insider now owns 43,367 shares in the company, valued at approximately $6,227,934.87. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 60,787 shares of company stock worth $9,355,092. Company insiders own 14.50% of the company’s stock.

Hedge Funds Weigh In On Paycom Software

Hedge funds and other institutional investors have recently bought and sold shares of the company. Mather Group LLC. acquired a new position in Paycom Software in the first quarter valued at $26,000. Hexagon Capital Partners LLC lifted its holdings in Paycom Software by 333.3% in the fourth quarter. Hexagon Capital Partners LLC now owns 130 shares of the software maker’s stock valued at $27,000 after buying an additional 100 shares during the period. Palisade Asset Management LLC acquired a new position in Paycom Software in the first quarter valued at $32,000. Ashton Thomas Private Wealth LLC acquired a new position in Paycom Software in the second quarter valued at $25,000. Finally, MFA Wealth Advisors LLC acquired a new position in Paycom Software in the second quarter valued at $26,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Paycom Software Trading Down 3.6 %

Shares of PAYC opened at $152.74 on Thursday. The firm’s 50 day moving average is $150.33 and its 200-day moving average is $174.42. The stock has a market capitalization of $8.88 billion, a PE ratio of 18.60, a P/E/G ratio of 2.71 and a beta of 1.16. Paycom Software has a 12 month low of $139.50 and a 12 month high of $299.00.

Paycom Software Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 9th. Stockholders of record on Monday, August 26th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, August 26th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.98%. Paycom Software’s dividend payout ratio (DPR) is presently 18.27%.

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.