Paycom Software, Inc. (NYSE:PAYC) Given Average Recommendation of “Hold” by Brokerages

Paycom Software, Inc. (NYSE:PAYC) has been assigned a consensus rating of “Hold” from the eleven analysts that are currently covering the stock, Marketbeat Ratings reports. Eleven equities research analysts have rated the stock with a hold rating. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $199.75.

A number of equities research analysts recently commented on the company. StockNews.com lowered Paycom Software from a “buy” rating to a “hold” rating in a research report on Wednesday, January 15th. Citigroup dropped their target price on shares of Paycom Software from $234.00 to $221.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Jefferies Financial Group raised their price target on Paycom Software from $170.00 to $175.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Barclays upped their price objective on Paycom Software from $172.00 to $181.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Finally, BMO Capital Markets raised their target price on Paycom Software from $183.00 to $197.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st.

Paycom Software Stock Performance

Shares of PAYC stock opened at $207.70 on Thursday. The firm has a fifty day moving average of $218.21 and a 200-day moving average of $185.77. The stock has a market cap of $11.98 billion, a price-to-earnings ratio of 24.99, a P/E/G ratio of 2.87 and a beta of 1.14. Paycom Software has a 52-week low of $139.50 and a 52-week high of $242.74.

Paycom Software Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, November 25th were given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date was Monday, November 25th. Paycom Software’s dividend payout ratio (DPR) is presently 18.05%.

Insider Activity at Paycom Software

In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction on Friday, October 25th. The shares were sold at an average price of $164.97, for a total transaction of $321,691.50. Following the completion of the transaction, the chief executive officer now directly owns 2,756,760 shares of the company’s stock, valued at $454,782,697.20. The trade was a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders sold 17,550 shares of company stock worth $3,562,202. Insiders own 12.60% of the company’s stock.

Hedge Funds Weigh In On Paycom Software

A number of large investors have recently made changes to their positions in PAYC. Armstrong Advisory Group Inc. bought a new stake in Paycom Software in the 3rd quarter valued at about $26,000. Brooklyn Investment Group acquired a new stake in shares of Paycom Software in the third quarter valued at approximately $28,000. Pin Oak Investment Advisors Inc. boosted its stake in shares of Paycom Software by 73.3% in the third quarter. Pin Oak Investment Advisors Inc. now owns 182 shares of the software maker’s stock valued at $30,000 after buying an additional 77 shares during the period. First Horizon Advisors Inc. grew its position in Paycom Software by 821.7% during the third quarter. First Horizon Advisors Inc. now owns 212 shares of the software maker’s stock worth $35,000 after buying an additional 189 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in Paycom Software by 277.1% during the 3rd quarter. Blue Trust Inc. now owns 264 shares of the software maker’s stock worth $44,000 after acquiring an additional 194 shares during the period. Institutional investors 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.