StockNews.com Lowers Paycom Software (NYSE:PAYC) to Hold

StockNews.com lowered shares of Paycom Software (NYSE:PAYC – Get Rating) from a buy rating to a hold rating in a report published on Monday morning.

PAYC has been the subject of several other research reports. Mizuho lowered their price objective on shares of Paycom Software from $350.00 to $300.00 in a research report on Wednesday, May 3rd. KeyCorp cut their target price on shares of Paycom Software from $432.00 to $405.00 in a research report on Wednesday, May 3rd. Deutsche Bank Aktiengesellschaft decreased their target price on Paycom Software from $400.00 to $370.00 in a research report on Wednesday, May 3rd. Barclays lifted their price target on shares of Paycom Software from $324.00 to $336.00 and gave the stock an equal weight rating in a research report on Wednesday, February 8th. Finally, Oppenheimer lifted their price target on shares of Paycom Software from $360.00 to $400.00 and gave the stock an outperform rating in a research report on Wednesday, February 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Paycom Software currently has a consensus rating of Moderate Buy and a consensus target price of $368.53.

Paycom Software Stock Down 0.6 %

Shares of PAYC stock opened at $279.02 on Monday. Paycom Software has a one year low of $255.82 and a one year high of $402.78. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market cap of $16.82 billion, a P/E ratio of 52.35, a price-to-earnings-growth ratio of 1.84 and a beta of 1.41. The stock has a fifty day moving average price of $285.56 and a 200 day moving average price of $302.54.

Paycom Software (NYSE:PAYC – Get Rating) last released its quarterly earnings results on Tuesday, May 2nd. The software maker reported $2.06 EPS for the quarter, beating analysts’ consensus estimates of $2.00 by $0.06. Paycom Software had a net margin of 20.96% and a return on equity of 26.29%. The firm had revenue of $451.64 million for the quarter, compared to analyst estimates of $444.23 million. Analysts predict that Paycom Software will post 6.17 earnings per share for the current year.

Paycom Software Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 12th. Shareholders of record on Tuesday, May 30th will be given a dividend of $0.375 per share. The ex-dividend date is Friday, May 26th. This represents a $1.50 annualized dividend and a yield of 0.54%.

Insiders Place Their Bets

In other Paycom Software news, Director Jason D. Clark sold 1,070 shares of the stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $278.33, for a total transaction of $297,813.10. Following the transaction, the director now owns 4,741 shares in the company, valued at approximately $1,319,562.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 14.50% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Scissortail Wealth Management LLC bought a new stake in Paycom Software in the first quarter valued at $251,551,000. Fuller & Thaler Asset Management Inc. bought a new stake in Paycom Software in the fourth quarter valued at $26,000. Compagnie Lombard Odier SCmA acquired a new stake in Paycom Software in the fourth quarter valued at approximately $26,000. Ridgewood Investments LLC bought a new stake in shares of Paycom Software during the first quarter valued at approximately $26,000. Finally, HHM Wealth Advisors LLC increased its holdings in shares of Paycom Software by 350.0% during the first quarter. HHM Wealth Advisors LLC now owns 90 shares of the software maker’s stock valued at $27,000 after acquiring an additional 70 shares in the last quarter. 88.58% of the stock is owned by institutional investors.

Paycom Software Company Profile

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Paycom Software, Inc engages in the provision of cloud-based human capital management (HCM) software solutions delivered as Software-as-a-Service. It offers functionality and data analytics that businesses need to manage the complete employment life cycle from recruitment to retirement. Its solutions include talent acquisition, time and labor management, payroll, talent management, and human resource management.