Paycom Software (NYSE:PAYC) Price Target Lowered to $210.00 at Barclays

Paycom Software (NYSE:PAYC) had its target price reduced by Barclays from $225.00 to $210.00 in a research report report published on Thursday morning,Benzinga reports. They currently have an equal weight rating on the software maker’s stock.

Other analysts have also recently issued research reports about the stock. BMO Capital Markets increased their price target on shares of Paycom Software from $244.00 to $258.00 and gave the company a “market perform” rating in a research note on Thursday, August 7th. Jefferies Financial Group reduced their target price on shares of Paycom Software from $250.00 to $225.00 and set a “hold” rating for the company in a research report on Monday, October 13th. UBS Group decreased their price target on shares of Paycom Software from $310.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, September 17th. TD Cowen upgraded shares of Paycom Software from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $246.00 to $258.00 in a research note on Monday, September 22nd. Finally, Zacks Research lowered shares of Paycom Software from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 22nd. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Paycom Software has a consensus rating of “Hold” and a consensus target price of $225.77.

Paycom Software Stock Down 1.0%

Shares of Paycom Software stock traded down $1.57 during trading on Thursday, reaching $162.44. 944,859 shares of the company were exchanged, compared to its average volume of 656,172. Paycom Software has a twelve month low of $156.50 and a twelve month high of $267.76. The business has a 50-day moving average price of $205.86 and a 200-day moving average price of $226.18. The firm has a market capitalization of $9.40 billion, a price-to-earnings ratio of 21.93, a P/E/G ratio of 1.81 and a beta of 0.88.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Wednesday, November 5th. The software maker reported $1.94 earnings per share for the quarter, missing the consensus estimate of $1.96 by ($0.02). The business had revenue of $493.30 million for the quarter, compared to the consensus estimate of $492.62 million. Paycom Software had a net margin of 22.65% and a return on equity of 24.79%. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.67 EPS. Paycom Software has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Paycom Software will post 7.15 EPS for the current fiscal year.

Paycom Software Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 8th. Stockholders of record on Monday, November 24th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, November 24th. Paycom Software’s payout ratio is 20.30%.

Insider Transactions at Paycom Software

In related news, insider Bradley Scott Smith sold 1,500 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $223.27, for a total value of $334,905.00. Following the completion of the sale, the insider directly owned 24,533 shares in the company, valued at $5,477,482.91. This represents a 5.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 10.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Brooklyn Investment Group raised its stake in shares of Paycom Software by 19.4% in the first quarter. Brooklyn Investment Group now owns 240 shares of the software maker’s stock worth $52,000 after purchasing an additional 39 shares during the last quarter. Commerce Bank grew its holdings in Paycom Software by 2.2% during the first quarter. Commerce Bank now owns 2,351 shares of the software maker’s stock worth $514,000 after buying an additional 50 shares in the last quarter. Allworth Financial LP raised its position in Paycom Software by 12.9% in the 1st quarter. Allworth Financial LP now owns 464 shares of the software maker’s stock valued at $105,000 after buying an additional 53 shares during the last quarter. UMB Bank n.a. lifted its stake in Paycom Software by 7.6% during the 3rd quarter. UMB Bank n.a. now owns 789 shares of the software maker’s stock valued at $164,000 after acquiring an additional 56 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in Paycom Software by 0.5% during the 1st quarter. US Bancorp DE now owns 10,421 shares of the software maker’s stock worth $2,277,000 after acquiring an additional 57 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

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.