Paycom Software, Inc. (NYSE:PAYC) Receives $199.75 Average PT from Analysts

Shares of Paycom Software, Inc. (NYSE:PAYC) have received an average recommendation of “Hold” from the eleven analysts that are currently covering the stock, MarketBeat.com reports. Eleven equities research analysts have rated the stock with a hold rating. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $204.75.

A number of equities analysts recently commented on PAYC shares. Barclays dropped their price target on shares of Paycom Software from $229.00 to $221.00 and set an “equal weight” rating for the company in a research note on Thursday. Mizuho lifted their price target on shares of Paycom Software from $190.00 to $210.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Jefferies Financial Group lifted their price target on shares of Paycom Software from $170.00 to $175.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. TD Cowen lifted their price target on shares of Paycom Software from $193.00 to $248.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Finally, StockNews.com cut shares of Paycom Software from a “buy” rating to a “hold” rating in a research note on Wednesday, January 15th.

Insider Buying and Selling

In related news, CEO Chad R. Richison sold 1,950 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $172.43, for a total transaction of $336,238.50. Following the completion of the sale, the chief executive officer now directly owns 2,750,910 shares in the company, valued at approximately $474,339,411.30. This trade represents a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders sold 15,600 shares of company stock worth $3,240,510. Insiders own 14.50% of the company’s stock.

Institutional Investors Weigh In On Paycom Software

Institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC boosted its stake in shares of Paycom Software by 51.4% in the third quarter. Nisa Investment Advisors LLC now owns 2,666 shares of the software maker’s stock valued at $444,000 after purchasing an additional 905 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Paycom Software by 14.5% in the third quarter. JPMorgan Chase & Co. now owns 326,018 shares of the software maker’s stock valued at $54,305,000 after purchasing an additional 41,187 shares during the period. Profund Advisors LLC purchased a new position in shares of Paycom Software in the second quarter valued at approximately $589,000. Sylebra Capital LLC boosted its stake in shares of Paycom Software by 53.9% in the second quarter. Sylebra Capital LLC now owns 1,957,468 shares of the software maker’s stock valued at $279,996,000 after purchasing an additional 685,190 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of Paycom Software by 9.3% in the third quarter. Principal Financial Group Inc. now owns 65,809 shares of the software maker’s stock valued at $10,962,000 after purchasing an additional 5,574 shares during the period. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Paycom Software Stock Performance

Shares of NYSE PAYC opened at $207.52 on Thursday. The firm’s fifty day moving average is $217.17 and its two-hundred day moving average is $186.85. Paycom Software has a 52-week low of $139.50 and a 52-week high of $242.74. The company has a market cap of $11.97 billion, a P/E ratio of 24.97, a P/E/G ratio of 2.85 and a beta of 1.14.

Paycom Software Announces Dividend

The firm also recently announced 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 of this dividend was Monday, November 25th. Paycom Software’s dividend payout ratio (DPR) is 18.05%.

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.