Paycom Software (NYSE:PAYC) Announces Quarterly Earnings Results

Paycom Software (NYSE:PAYC) announced its quarterly earnings data on Wednesday. The software maker reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.03, Zacks reports. Paycom Software had a return on equity of 32.90% and a net margin of 25.78%.

Paycom Software Trading Up 2.2 %

Shares of NYSE PAYC traded up $4.40 during mid-day trading on Wednesday, reaching $207.77. 1,225,863 shares of the company’s stock were exchanged, compared to its average volume of 504,102. Paycom Software has a twelve month low of $139.50 and a twelve month high of $242.74. The firm has a market capitalization of $11.98 billion, a price-to-earnings ratio of 25.00, a PEG ratio of 2.81 and a beta of 1.15. The business has a fifty day simple moving average of $211.71 and a 200 day simple moving average of $191.26.

Paycom Software Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be paid a $0.375 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.50 dividend on an annualized basis and a yield of 0.72%. Paycom Software’s payout ratio is 18.05%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on PAYC shares. Citigroup decreased their price target on Paycom Software from $234.00 to $221.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. BMO Capital Markets raised their target price on shares of Paycom Software from $183.00 to $197.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. 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 report on Thursday, October 31st. TD Cowen increased their price objective on shares of Paycom Software from $193.00 to $248.00 and gave the company a “hold” rating in a report on Monday, December 9th. Finally, Piper Sandler lifted their target price on shares of Paycom Software from $160.00 to $191.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Ten investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $204.75.

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.