Analysts Set Paycom Software, Inc. (NYSE:PAYC) PT at $204.69

Shares of Paycom Software, Inc. (NYSE:PAYC) have been given a consensus rating of “Hold” by the fifteen brokerages that are currently covering the company, Marketbeat reports. Nine equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $204.6923.

A number of analysts recently issued reports on the company. Barclays lifted their target price on Paycom Software from $154.00 to $210.00 and gave the company an “equal weight” rating in a research report on Thursday, August 6th. KeyCorp increased their price target on Paycom Software from $195.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. BMO Capital Markets raised their price target on Paycom Software from $145.00 to $208.00 and gave the company a “market perform” rating in a research note on Thursday, August 6th. BTIG Research boosted their price target on Paycom Software from $160.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Mizuho upped their price objective on Paycom Software from $120.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th.

Institutional Trading of Paycom Software

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mackenzie Financial Corp raised its holdings in Paycom Software by 4.0% in the 3rd quarter. Mackenzie Financial Corp now owns 1,624 shares of the software maker’s stock worth $338,000 after acquiring an additional 63 shares during the last quarter. Boyd Watterson Asset Management LLC OH lifted its position in Paycom Software by 0.8% in the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 10,662 shares of the software maker’s stock valued at $1,699,000 after acquiring an additional 86 shares in the last quarter. Lido Advisors LLC boosted its stake in Paycom Software by 1.4% during the 4th quarter. Lido Advisors LLC now owns 6,286 shares of the software maker’s stock valued at $1,081,000 after purchasing an additional 87 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Paycom Software by 2.2% during the 4th quarter. Janus Henderson Group PLC now owns 4,090 shares of the software maker’s stock valued at $652,000 after purchasing an additional 88 shares during the last quarter. Finally, Evoke Wealth LLC increased its holdings in shares of Paycom Software by 2.8% in the 4th quarter. Evoke Wealth LLC now owns 3,335 shares of the software maker’s stock worth $531,000 after purchasing an additional 90 shares in the last quarter. 87.77% of the stock is owned by institutional investors.

Paycom Software Price Performance

NYSE PAYC opened at $229.37 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.57. Paycom Software has a 12-month low of $104.90 and a 12-month high of $234.60. The company has a market capitalization of $10.34 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 1.29 and a beta of 0.75. The firm’s 50 day moving average is $160.58 and its 200-day moving average is $139.89.

Paycom Software (NYSE:PAYC) last announced its earnings results on Wednesday, August 5th. The software maker reported $2.78 EPS for the quarter, topping the consensus estimate of $2.38 by $0.40. The business had revenue of $531.20 million during the quarter, compared to analysts’ expectations of $513.12 million. Paycom Software had a net margin of 22.78% and a return on equity of 37.06%. The firm’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.06 earnings per share. Equities research analysts anticipate that Paycom Software will post 10.48 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a $1.50 annualized dividend and a dividend yield of 0.7%. Paycom Software’s dividend payout ratio (DPR) is currently 15.94%.

About Paycom Software

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.