Paycom Software (NYSE:PAYC) Receives “Hold” Rating from Needham & Company LLC

Needham & Company LLC reiterated their hold rating on shares of Paycom Software (NYSE:PAYC) in a report released on Thursday morning,Benzinga reports.

A number of other brokerages have also recently commented on PAYC. Mizuho lifted their target price on shares of Paycom Software from $190.00 to $210.00 and gave the company a “neutral” rating in a report on Friday, December 13th. TD Cowen boosted their price objective on shares of Paycom Software from $193.00 to $248.00 and gave the stock a “hold” rating in a report on Monday, December 9th. BMO Capital Markets lifted their price target on Paycom Software from $183.00 to $197.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Citigroup lowered their target price on Paycom Software from $234.00 to $221.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, Jefferies Financial Group increased their target price on Paycom Software from $170.00 to $175.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Eleven research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Paycom Software currently has an average rating of “Hold” and an average target price of $205.56.

Paycom Software Stock Up 2.5 %

Shares of NYSE PAYC opened at $212.23 on Thursday. Paycom Software has a 52-week low of $139.50 and a 52-week high of $242.74. The firm has a market cap of $12.24 billion, a price-to-earnings ratio of 25.54, a price-to-earnings-growth ratio of 2.81 and a beta of 1.15. The company’s 50-day simple moving average is $211.23 and its 200-day simple moving average is $191.38.

Paycom Software (NYSE:PAYC) last posted its earnings results on Wednesday, February 12th. The software maker reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.03. Paycom Software had a net margin of 25.78% and a return on equity of 32.90%. Equities research analysts anticipate that Paycom Software will post 6.88 EPS for the current fiscal year.

Paycom Software Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be given a $0.375 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.71%. Paycom Software’s dividend payout ratio is currently 18.05%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. GKV Capital Management Co. Inc. acquired a new stake in Paycom Software in the 4th quarter valued at $328,000. Farringdon Capital Ltd. acquired a new stake in shares of Paycom Software during the 4th quarter worth approximately $396,000. Lafayette Investments Inc. raised its position in shares of Paycom Software by 1.1% during the 4th quarter. Lafayette Investments Inc. now owns 27,842 shares of the software maker’s stock valued at $5,707,000 after acquiring an additional 303 shares during the last quarter. Guggenheim Capital LLC increased its holdings in Paycom Software by 48.0% in the fourth quarter. Guggenheim Capital LLC now owns 5,577 shares of the software maker’s stock valued at $1,143,000 after purchasing an additional 1,808 shares during the last quarter. Finally, Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in shares of Paycom Software in the 4th quarter valued at approximately $19,478,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Paycom Software Company Profile

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.