Paycom Software, Inc. (NYSE:PAYC) to Issue Quarterly Dividend of $0.38

Paycom Software, Inc. (NYSE:PAYC) announced a quarterly dividend on Monday, July 29th, RTT News reports. Shareholders of record on Monday, August 26th will be given a dividend of 0.375 per share by the software maker on Monday, September 9th. This represents a $1.50 dividend on an annualized basis and a yield of 0.91%.

Paycom Software has a dividend payout ratio of 17.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Paycom Software to earn $7.17 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 20.9%.

Paycom Software Trading Up 0.1 %

Shares of Paycom Software stock traded up $0.20 during trading hours on Monday, reaching $164.23. The stock had a trading volume of 560,622 shares, compared to its average volume of 846,403. Paycom Software has a 1 year low of $139.50 and a 1 year high of $374.04. The firm has a market capitalization of $9.54 billion, a price-to-earnings ratio of 19.98, a P/E/G ratio of 2.72 and a beta of 1.16. The firm has a 50 day simple moving average of $151.90 and a two-hundred day simple moving average of $176.02.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings results on Wednesday, May 1st. The software maker reported $4.25 EPS for the quarter, beating the consensus estimate of $1.96 by $2.29. Paycom Software had a net margin of 26.91% and a return on equity of 32.84%. The firm had revenue of $499.88 million for the quarter, compared to analyst estimates of $495.89 million. Sell-side analysts forecast that Paycom Software will post 6.36 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Mizuho lowered their price target on Paycom Software from $185.00 to $170.00 and set a “neutral” rating for the company in a report on Monday, May 6th. Barclays dropped their target price on Paycom Software from $184.00 to $161.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 16th. TD Cowen decreased their price target on Paycom Software from $170.00 to $147.00 and set a “hold” rating for the company in a report on Thursday, June 20th. 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. Finally, Jefferies Financial Group lowered their price target on shares of Paycom Software from $170.00 to $145.00 and set a “hold” rating for the company in a report on Monday, June 24th. Seventeen research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $236.38.

Insider Buying and Selling at Paycom Software

In other news, CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $160.56, for a total value of $313,092.00. Following the completion of the transaction, the chief executive officer now directly owns 3,004,208 shares of the company’s stock, valued at approximately $482,355,636.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Amy Vickroy sold 1,381 shares of the stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $143.39, for a total transaction of $198,021.59. Following the sale, the executive vice president now directly owns 19,962 shares in the company, valued at approximately $2,862,351.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Chad R. Richison sold 1,950 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $160.56, for a total value of $313,092.00. Following the completion of the sale, the chief executive officer now directly owns 3,004,208 shares in the company, valued at approximately $482,355,636.48. The disclosure for this sale can be found here. Insiders sold a total of 51,037 shares of company stock worth $7,754,590 over the last 90 days. Insiders own 14.50% of the company’s stock.

About Paycom Software

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.