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

Paycom Software, Inc. (NYSE:PAYC) has been given an average recommendation of “Hold” by the seventeen ratings firms that are currently covering the stock, MarketBeat reports. Sixteen analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $179.75.

A number of research firms have issued reports on PAYC. Barclays increased their target price on shares of Paycom Software from $161.00 to $167.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a report on Thursday, August 1st. TD Cowen boosted their target price on Paycom Software from $171.00 to $188.00 and gave the stock a “hold” rating in a research note on Monday. Citigroup reduced their price target on Paycom Software from $193.00 to $162.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 18th. Finally, Jefferies Financial Group decreased their price objective on Paycom Software from $170.00 to $145.00 and set a “hold” rating for the company in a research note on Monday, June 24th.

Insider Activity

In related news, CEO Chad R. Richison sold 1,950 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $170.41, for a total transaction of $332,299.50. Following the transaction, the chief executive officer now owns 2,801,160 shares in the company, valued at approximately $477,345,675.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Chad R. Richison sold 1,950 shares of the company’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $170.41, for a total value of $332,299.50. Following the completion of the sale, the chief executive officer now owns 2,801,160 shares in the company, valued at approximately $477,345,675.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Bradley Scott Smith sold 1,524 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $157.62, for a total transaction of $240,212.88. Following the transaction, the insider now directly owns 14,769 shares in the company, valued at $2,327,889.78. The disclosure for this sale can be found here. In the last three months, insiders sold 73,856 shares of company stock valued at $11,697,103. Insiders own 14.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Mather Group LLC. acquired a new position in Paycom Software in the 1st quarter valued at $26,000. Palisade Asset Management LLC acquired a new position in shares of Paycom Software during the first quarter worth about $32,000. Ashton Thomas Private Wealth LLC purchased a new position in Paycom Software during the second quarter worth about $25,000. MFA Wealth Advisors LLC purchased a new position in Paycom Software during the second quarter worth about $26,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Paycom Software in the second quarter valued at about $27,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Paycom Software Stock Down 0.2 %

NYSE:PAYC opened at $167.46 on Friday. Paycom Software has a 52 week low of $139.50 and a 52 week high of $279.96. The stock’s fifty day moving average is $162.82 and its two-hundred day moving average is $168.07. The stock has a market capitalization of $9.73 billion, a price-to-earnings ratio of 20.40, a price-to-earnings-growth ratio of 2.44 and a beta of 1.17.

Paycom Software (NYSE:PAYC) last announced its earnings results on Wednesday, July 31st. The software maker reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.07. The company had revenue of $437.51 million during the quarter, compared to analysts’ expectations of $436.19 million. Paycom Software had a return on equity of 33.36% and a net margin of 26.55%. On average, sell-side analysts expect that Paycom Software will post 6.67 EPS for the current fiscal year.

Paycom Software Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Monday, August 26th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Monday, August 26th. Paycom Software’s payout ratio is 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.