Shares of Paycom Software, Inc. (NYSE:PAYC – Get Free Report) have been assigned an average rating of “Moderate Buy” from the fifteen research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $384.53.
A number of brokerages recently weighed in on PAYC. StockNews.com began coverage on shares of Paycom Software in a research note on Thursday, August 17th. They set a “hold” rating for the company. Credit Suisse Group increased their price target on shares of Paycom Software from $375.00 to $395.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 2nd. Mizuho decreased their price target on shares of Paycom Software from $350.00 to $325.00 and set a “neutral” rating for the company in a research note on Wednesday, August 2nd. TheStreet cut shares of Paycom Software from a “b-” rating to a “c+” rating in a research note on Friday, August 18th. Finally, Piper Sandler reiterated an “overweight” rating and set a $399.00 price target on shares of Paycom Software in a research note on Tuesday, August 29th.
Check Out Our Latest Research Report on Paycom Software
Paycom Software Trading Down 0.9 %
NYSE PAYC opened at $277.92 on Monday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.24 and a quick ratio of 1.24. The firm’s fifty day moving average price is $311.76 and its 200 day moving average price is $299.66. The company has a market capitalization of $16.81 billion, a price-to-earnings ratio of 50.99, a price-to-earnings-growth ratio of 1.94 and a beta of 1.42. Paycom Software has a 12 month low of $262.11 and a 12 month high of $374.04.
Paycom Software (NYSE:PAYC – Get Free Report) last posted its earnings results on Tuesday, August 1st. The software maker reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.22). The company had revenue of $401.14 million during the quarter, compared to analysts’ expectations of $398.20 million. Paycom Software had a net margin of 20.28% and a return on equity of 24.93%. On average, sell-side analysts expect that Paycom Software will post 6.1 earnings per share for the current fiscal year.
Paycom Software Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Monday, August 28th were given a $0.375 dividend. The ex-dividend date of this dividend was Friday, August 25th. This represents a $1.50 annualized dividend and a dividend yield of 0.54%. Paycom Software’s dividend payout ratio is presently 27.52%.
Insider Transactions at Paycom Software
In related news, Director Jason D. Clark sold 130 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $287.36, for a total value of $37,356.80. Following the sale, the director now owns 4,970 shares of the company’s stock, valued at approximately $1,428,179.20. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Director Jason D. Clark sold 130 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $287.36, for a total value of $37,356.80. Following the sale, the director now owns 4,970 shares of the company’s stock, valued at approximately $1,428,179.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Christopher Gene Thomas sold 320 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $290.05, for a total value of $92,816.00. Following the completion of the sale, the executive vice president now directly owns 26,154 shares in the company, valued at approximately $7,585,967.70. The disclosure for this sale can be found here. Corporate insiders own 14.50% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Scissortail Wealth Management LLC acquired a new position in Paycom Software in the 1st quarter valued at $251,551,000. Fuller & Thaler Asset Management Inc. acquired a new position in Paycom Software in the 4th quarter valued at $26,000. Fairfield Bush & CO. acquired a new stake in shares of Paycom Software during the 2nd quarter worth $27,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Paycom Software during the 4th quarter worth $26,000. Finally, Ridgewood Investments LLC acquired a new stake in shares of Paycom Software during the 1st quarter worth $26,000. 88.69% of the stock is currently owned by institutional investors and hedge funds.
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.
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