Paycom Software, Inc. (NYSE:PAYC) Receives Average Recommendation of “Moderate Buy” from Brokerages

Paycom Software, Inc. (NYSE:PAYC) has been given a consensus rating of “Moderate Buy” by the fourteen ratings firms that are presently covering the stock, Marketbeat reports. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $159.75.

Several analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Paycom Software from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 16th. UBS Group cut their price target on Paycom Software from $210.00 to $183.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. Citigroup boosted their price objective on Paycom Software from $120.00 to $136.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. TD Cowen decreased their price objective on Paycom Software from $154.00 to $149.00 and set a “buy” rating for the company in a report on Friday, June 26th. Finally, Barclays lifted their target price on Paycom Software from $148.00 to $154.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st.

Hedge Funds Weigh In On Paycom Software

A number of institutional investors and hedge funds have recently bought and sold shares of PAYC. Reinhart Partners LLC. raised its position in shares of Paycom Software by 887.4% during the 4th quarter. Reinhart Partners LLC. now owns 598,323 shares of the software maker’s stock worth $95,351,000 after buying an additional 537,726 shares in the last quarter. Contour Asset Management LLC bought a new position in shares of Paycom Software in the fourth quarter valued at approximately $60,333,000. Two Sigma Investments LP boosted its holdings in shares of Paycom Software by 228.7% in the third quarter. Two Sigma Investments LP now owns 532,124 shares of the software maker’s stock valued at $110,756,000 after acquiring an additional 370,219 shares in the last quarter. Invesco Ltd. increased its stake in shares of Paycom Software by 28.2% during the fourth quarter. Invesco Ltd. now owns 1,559,682 shares of the software maker’s stock valued at $248,551,000 after acquiring an additional 343,494 shares during the period. Finally, River Road Asset Management LLC increased its stake in shares of Paycom Software by 481.9% during the fourth quarter. River Road Asset Management LLC now owns 392,403 shares of the software maker’s stock valued at $62,533,000 after acquiring an additional 324,970 shares during the period. Institutional investors own 87.77% of the company’s stock.

Paycom Software Price Performance

Shares of PAYC opened at $164.07 on Monday. The company has a market cap of $7.81 billion, a P/E ratio of 18.97, a PEG ratio of 1.37 and a beta of 0.80. The stock has a fifty day moving average price of $139.09 and a 200 day moving average price of $133.45. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.08 and a quick ratio of 1.08. Paycom Software has a 12 month low of $104.90 and a 12 month high of $248.95.

Paycom Software (NYSE:PAYC) last posted its earnings results 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. Paycom Software had a return on equity of 28.34% and a net margin of 22.44%.The company had revenue of $571.80 million for the quarter, compared to analysts’ expectations of $564.37 million. During the same period last year, the business posted $2.80 earnings per share. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, research analysts forecast that Paycom Software will post 9.37 earnings per share for the current year.

Paycom Software Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Tuesday, May 26th were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Tuesday, May 26th. Paycom Software’s payout ratio is currently 17.34%.

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.