Shares of Paycom Software, Inc. (NYSE:PAYC – Get Free Report) have received a consensus recommendation of “Hold” from the seventeen analysts that are covering the firm, Marketbeat.com reports. Sixteen equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $178.33.
Several analysts have recently weighed in on PAYC shares. JPMorgan Chase & Co. raised their price objective on shares of Paycom Software from $165.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Jefferies Financial Group cut their price objective on Paycom Software from $170.00 to $145.00 and set a “hold” rating for the company in a research report on Monday, June 24th. Needham & Company LLC restated a “hold” rating on shares of Paycom Software in a report on Thursday, August 1st. Mizuho cut 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. 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 report on Tuesday, June 18th.
Get Our Latest Analysis on PAYC
Insider Activity at Paycom Software
Hedge Funds Weigh In On Paycom Software
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PAYC. Mather Group LLC. bought a new position in shares of Paycom Software during the first quarter worth about $26,000. MFA Wealth Advisors LLC acquired a new position in Paycom Software during the 2nd quarter worth approximately $26,000. Hexagon Capital Partners LLC grew its stake in shares of Paycom Software by 333.3% during the 4th quarter. Hexagon Capital Partners LLC now owns 130 shares of the software maker’s stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Paycom Software in the second quarter valued at approximately $27,000. Finally, Palisade Asset Management LLC bought a new stake in shares of Paycom Software in the first quarter worth $32,000. 87.77% of the stock is owned by institutional investors and hedge funds.
Paycom Software Stock Performance
Shares of NYSE:PAYC opened at $157.98 on Thursday. The company has a market capitalization of $9.18 billion, a PE ratio of 19.24, a P/E/G ratio of 2.71 and a beta of 1.16. The company’s fifty day moving average is $150.75 and its 200-day moving average is $174.93. Paycom Software has a 52 week low of $139.50 and a 52 week high of $299.00.
Paycom Software Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 9th. Investors of record on Monday, August 26th will be paid 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 0.95%. 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.
Featured Articles
- Five stocks we like better than Paycom Software
- Stock Market Sectors: What Are They and How Many Are There?
- From Tokyo to Wall Street: Japan’s Market Impact on U.S. Stocks
- Trading Halts Explained
- Arm Holdings: Does the 42% Drop Signal an AI Buying Opportunity?
- How to Choose Top Rated Stocks
- Texas Roadhouse Stampedes On EPS Beat as Comp Sales Surge 9.3%
Receive News & Ratings for Paycom Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paycom Software and related companies with MarketBeat.com's FREE daily email newsletter.