Brokerages Set Paycom Software, Inc. (NYSE:PAYC) Price Target at $193.67

Paycom Software, Inc. (NYSE:PAYC) has earned an average rating of “Hold” from the twelve ratings firms that are covering the company, MarketBeat Ratings reports. Eleven analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $200.33.

A number of equities research analysts have commented on the company. Citigroup increased their price target on Paycom Software from $172.00 to $196.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Mizuho increased their price target on Paycom Software from $170.00 to $190.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. TD Cowen increased their price target on Paycom Software from $193.00 to $248.00 and gave the company a “hold” rating in a research note on Monday. Jefferies Financial Group increased their price target on Paycom Software from $170.00 to $175.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Finally, Barclays raised their price objective on Paycom Software from $172.00 to $181.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st.

Insider Transactions at Paycom Software

In other news, CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $170.27, for a total value of $332,026.50. Following the sale, the chief executive officer now directly owns 2,932,058 shares of the company’s stock, valued at $499,241,515.66. The trade was a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 50,700 shares of company stock valued at $9,098,135 over the last ninety days. Insiders own 12.60% of the company’s stock.

Institutional Trading of Paycom Software

Institutional investors have recently made changes to their positions in the company. Private Trust Co. NA lifted its position in Paycom Software by 11.2% during the third quarter. Private Trust Co. NA now owns 526 shares of the software maker’s stock worth $88,000 after buying an additional 53 shares in the last quarter. Wrapmanager Inc. lifted its position in Paycom Software by 2.6% during the third quarter. Wrapmanager Inc. now owns 2,176 shares of the software maker’s stock worth $362,000 after buying an additional 56 shares in the last quarter. Andina Capital Management LLC lifted its position in Paycom Software by 4.0% during the third quarter. Andina Capital Management LLC now owns 1,651 shares of the software maker’s stock worth $275,000 after buying an additional 63 shares in the last quarter. Davis Investment Partners LLC lifted its position in Paycom Software by 1.0% during the third quarter. Davis Investment Partners LLC now owns 6,397 shares of the software maker’s stock worth $1,067,000 after buying an additional 64 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Paycom Software by 26.7% during the third quarter. GAMMA Investing LLC now owns 323 shares of the software maker’s stock worth $54,000 after buying an additional 68 shares in the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Paycom Software Price Performance

Shares of NYSE PAYC opened at $235.66 on Wednesday. The stock has a market capitalization of $13.59 billion, a P/E ratio of 28.36, a price-to-earnings-growth ratio of 3.15 and a beta of 1.11. Paycom Software has a 1-year low of $139.50 and a 1-year high of $238.57. The business has a fifty day moving average price of $201.19 and a 200 day moving average price of $172.21.

Paycom Software Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, November 25th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date was Monday, November 25th. Paycom Software’s dividend payout ratio is presently 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.