Paycom Software, Inc. (NYSE:PAYC) Receives $209.22 Consensus Price Target from Brokerages

Shares of Paycom Software, Inc. (NYSE:PAYC) have been assigned a consensus rating of “Hold” from the eleven analysts that are presently covering the firm, MarketBeat Ratings reports. Eleven equities research analysts have rated the stock with a hold rating. The average 12-month price target among brokerages that have covered the stock in the last year is $209.22.

Several equities research analysts have recently weighed in on the company. Mizuho increased their price objective on Paycom Software from $190.00 to $210.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. JPMorgan Chase & Co. raised their price target on shares of Paycom Software from $185.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Piper Sandler upped their price objective on shares of Paycom Software from $191.00 to $224.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Barclays decreased their target price on Paycom Software from $229.00 to $221.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 23rd. Finally, StockNews.com upgraded Paycom Software from a “hold” rating to a “buy” rating in a research report on Friday, January 31st.

Paycom Software Price Performance

Shares of PAYC opened at $213.18 on Monday. The company has a market capitalization of $12.29 billion, a PE ratio of 23.95, a price-to-earnings-growth ratio of 2.42 and a beta of 1.15. Paycom Software has a one year low of $139.50 and a one year high of $242.74. The company’s fifty day moving average price is $208.35 and its 200 day moving average price is $193.15.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.99 by $0.03. Paycom Software had a return on equity of 33.53% and a net margin of 26.66%. Analysts anticipate that Paycom Software will post 7.15 earnings per share for the current year.

Paycom Software Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be paid a $0.375 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.50 annualized dividend and a dividend yield of 0.70%. Paycom Software’s dividend payout ratio is presently 16.85%.

Institutional Investors Weigh In On Paycom Software

A number of hedge funds have recently made changes to their positions in PAYC. Sylebra Capital LLC grew its stake in Paycom Software by 63.8% during the fourth quarter. Sylebra Capital LLC now owns 3,215,085 shares of the software maker’s stock worth $658,996,000 after buying an additional 1,252,617 shares during the last quarter. FMR LLC grew its position in Paycom Software by 137.8% during the 4th quarter. FMR LLC now owns 2,396,452 shares of the software maker’s stock worth $491,201,000 after acquiring an additional 1,388,533 shares during the last quarter. Geode Capital Management LLC increased its holdings in Paycom Software by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 1,516,768 shares of the software maker’s stock valued at $310,245,000 after purchasing an additional 89,848 shares in the last quarter. Northern Trust Corp raised its position in Paycom Software by 10.9% in the 4th quarter. Northern Trust Corp now owns 724,016 shares of the software maker’s stock valued at $148,402,000 after purchasing an additional 70,897 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Paycom Software by 1.0% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 627,510 shares of the software maker’s stock worth $104,524,000 after purchasing an additional 6,488 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

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.