Paycom Software, Inc. (NYSE:PAYC) Receives Average Rating of “Hold” from Analysts

Paycom Software, Inc. (NYSE:PAYC) has been assigned an average recommendation of “Hold” from the twelve brokerages that are currently covering the firm, Marketbeat Ratings reports. Eleven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $202.56.

Several research firms have recently weighed in on PAYC. Jefferies Financial Group raised their target price on Paycom Software from $170.00 to $175.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Citigroup raised their price objective on Paycom Software from $172.00 to $196.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. StockNews.com raised shares of Paycom Software from a “hold” rating to a “buy” rating in a report on Monday, December 16th. Barclays raised their price target on shares of Paycom Software from $172.00 to $181.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Finally, TD Cowen upped their price objective on shares of Paycom Software from $193.00 to $248.00 and gave the company a “hold” rating in a research note on Monday, December 9th.

Paycom Software Stock Performance

Shares of Paycom Software stock opened at $206.72 on Friday. The firm has a 50-day simple moving average of $215.32 and a two-hundred day simple moving average of $178.16. Paycom Software has a fifty-two week low of $139.50 and a fifty-two week high of $242.74. The company has a market cap of $11.92 billion, a P/E ratio of 24.88, a price-to-earnings-growth ratio of 3.12 and a beta of 1.11.

Paycom Software Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, November 25th were issued a $0.375 dividend. The ex-dividend date was Monday, November 25th. This represents a $1.50 annualized dividend and a dividend yield of 0.73%. Paycom Software’s dividend payout ratio is currently 18.05%.

Insider Buying and Selling at Paycom Software

In other news, CEO Chad R. Richison sold 1,950 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $166.60, for a total transaction of $324,870.00. Following the sale, the chief executive officer now owns 2,795,310 shares of the company’s stock, valued at approximately $465,698,646. This represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 37,050 shares of company stock valued at $6,780,365 over the last quarter. 14.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Private Trust Co. NA grew its holdings in Paycom Software by 11.2% during the 3rd quarter. Private Trust Co. NA now owns 526 shares of the software maker’s stock worth $88,000 after acquiring an additional 53 shares in the last quarter. Wrapmanager Inc. lifted its holdings in Paycom Software by 2.6% during the 3rd quarter. Wrapmanager Inc. now owns 2,176 shares of the software maker’s stock worth $362,000 after buying an additional 56 shares during the last quarter. Andina Capital Management LLC boosted its position in shares of Paycom Software by 4.0% during the 3rd quarter. Andina Capital Management LLC now owns 1,651 shares of the software maker’s stock worth $275,000 after acquiring an additional 63 shares in the last quarter. Davis Investment Partners LLC increased its holdings in shares of Paycom Software by 1.0% in the 3rd quarter. Davis Investment Partners LLC now owns 6,397 shares of the software maker’s stock valued at $1,067,000 after acquiring an additional 64 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Paycom Software by 26.7% during the 3rd quarter. GAMMA Investing LLC now owns 323 shares of the software maker’s stock worth $54,000 after acquiring an additional 68 shares in the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

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.