Paycom Software (NYSE:PAYC) Downgraded by Wall Street Zen to Hold

Wall Street Zen cut shares of Paycom Software (NYSE:PAYCFree Report) from a buy rating to a hold rating in a research report released on Sunday morning,Wall Street Zen reports.

A number of other equities analysts have also commented on PAYC. Stifel Nicolaus boosted their price objective on Paycom Software from $120.00 to $200.00 and gave the stock a “hold” rating in a research note on Thursday, August 6th. Cantor Fitzgerald raised their target price on Paycom Software from $135.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Citigroup lifted their price target on Paycom Software from $136.00 to $194.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Weiss Ratings upgraded shares of Paycom Software from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Finally, TD Cowen increased their price objective on shares of Paycom Software from $149.00 to $244.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Paycom Software has a consensus rating of “Hold” and an average price target of $214.23.

Get Our Latest Stock Analysis on Paycom Software

Paycom Software Stock Performance

NYSE PAYC opened at $231.81 on Friday. Paycom Software has a 1-year low of $104.90 and a 1-year high of $244.98. The company has a 50 day moving average of $182.32 and a 200-day moving average of $147.60. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.57. The firm has a market cap of $10.45 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 1.29 and a beta of 0.78.

Paycom Software (NYSE:PAYCGet Free Report) last announced its earnings results on Wednesday, August 5th. The software maker reported $2.78 EPS for the quarter, topping the consensus estimate of $2.38 by $0.40. The business had revenue of $531.20 million for the quarter, compared to the consensus estimate of $513.12 million. Paycom Software had a return on equity of 37.06% and a net margin of 22.78%.Paycom Software’s revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.06 EPS. On average, equities analysts forecast that Paycom Software will post 10.65 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, August 24th. Paycom Software’s dividend payout ratio (DPR) is 15.94%.

Insider Buying and Selling at Paycom Software

In related news, insider Shane Hadlock sold 241 shares of the firm’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $240.07, for a total value of $57,856.87. Following the transaction, the insider owned 69,911 shares in the company, valued at $16,783,533.77. This trade represents a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 13.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PAYC. Brown Brothers Harriman & Co. raised its stake in shares of Paycom Software by 190.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker’s stock worth $25,000 after buying an additional 101 shares during the last quarter. Clearstead Advisors LLC grew its holdings in Paycom Software by 140.3% during the 4th quarter. Clearstead Advisors LLC now owns 161 shares of the software maker’s stock worth $26,000 after acquiring an additional 94 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in Paycom Software during the 2nd quarter worth $29,000. Caitlin John LLC bought a new stake in shares of Paycom Software during the 2nd quarter valued at $31,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Paycom Software during the 2nd quarter valued at $33,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

About Paycom Software

(Get Free Report)

Paycom Software, Inc (NYSE: PAYC) is a cloud-based human capital management (HCM) software provider that delivers an end-to-end solution for human resources, payroll, talent acquisition, time and labor management, and talent management. Its single-database platform enables organizations to process payroll, track time, administer benefits, and manage recruiting and employee development through a unified system. Paycom’s software is designed to streamline administrative tasks, improve data accuracy, and provide real-time reporting and analytics to support strategic HR decisions.

The company’s core offerings include payroll processing with built-in tax compliance, employee self-service functionality, automated time tracking, and customizable talent acquisition tools that allow employers to create and post job requisitions, screen candidates, and conduct onboarding electronically.

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Analyst Recommendations for Paycom Software (NYSE:PAYC)

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