Jefferies Financial Group Boosts Paycom Software (NYSE:PAYC) Price Target to $175.00

Paycom Software (NYSE:PAYC) had its target price raised by Jefferies Financial Group from $170.00 to $175.00 in a research report report published on Thursday morning, Benzinga reports. Jefferies Financial Group currently has a hold rating on the software maker’s stock.

Other equities analysts also recently issued research reports about the stock. BMO Capital Markets boosted their target price on shares of Paycom Software from $183.00 to $197.00 and gave the company a “market perform” rating in a report on Thursday. Piper Sandler increased their target price on Paycom Software from $160.00 to $191.00 and gave the stock a “neutral” rating in a report on Thursday. StockNews.com lowered shares of Paycom Software from a “buy” rating to a “hold” rating in a research note on Monday, July 15th. Needham & Company LLC restated a “hold” rating on shares of Paycom Software in a report on Thursday, August 1st. Finally, TD Cowen boosted their target price on Paycom Software from $171.00 to $188.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. Seventeen equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $186.92.

Paycom Software Trading Up 0.1 %

NYSE:PAYC traded up $0.16 on Thursday, hitting $209.19. The company had a trading volume of 235,412 shares, compared to its average volume of 814,477. The firm has a 50 day moving average of $166.62 and a two-hundred day moving average of $163.23. The stock has a market capitalization of $12.01 billion, a price-to-earnings ratio of 25.15, a PEG ratio of 2.45 and a beta of 1.17. Paycom Software has a 52 week low of $139.50 and a 52 week high of $222.30.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings results on Wednesday, July 31st. The software maker reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.07. Paycom Software had a net margin of 25.78% and a return on equity of 33.34%. The firm had revenue of $437.51 million during the quarter, compared to analysts’ expectations of $436.19 million. As a group, equities analysts forecast that Paycom Software will post 6.64 EPS for the current year.

Paycom Software Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, November 25th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $1.50 annualized dividend and a dividend yield of 0.72%. Paycom Software’s dividend payout ratio (DPR) is presently 18.05%.

Insider Activity at Paycom Software

In related news, CFO Craig E. Boelte sold 11,882 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $155.98, for a total value of $1,853,354.36. Following the sale, the chief financial officer now owns 294,849 shares in the company, valued at $45,990,547.02. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $158.31, for a total transaction of $308,704.50. Following the completion of the sale, the chief executive officer now directly owns 2,984,708 shares in the company, valued at $472,509,123.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Craig E. Boelte sold 11,882 shares of Paycom Software stock in a transaction on Monday, August 12th. The shares were sold at an average price of $155.98, for a total value of $1,853,354.36. Following the transaction, the chief financial officer now owns 294,849 shares in the company, valued at $45,990,547.02. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 71,906 shares of company stock worth $11,731,540 over the last quarter. Corporate insiders own 14.50% of the company’s stock.

Institutional Investors Weigh In On Paycom Software

A number of institutional investors have recently bought and sold shares of the business. Empirical Finance LLC raised its holdings in shares of Paycom Software by 3.9% during the 1st quarter. Empirical Finance LLC now owns 1,580 shares of the software maker’s stock worth $314,000 after acquiring an additional 60 shares in the last quarter. Andina Capital Management LLC increased its position in Paycom Software by 4.0% during the 3rd quarter. Andina Capital Management LLC now owns 1,651 shares of the software maker’s stock valued at $275,000 after purchasing an additional 63 shares during the period. Davis Investment Partners LLC raised its stake in Paycom Software by 1.0% in 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. GAMMA Investing LLC boosted its position in Paycom Software by 26.7% during the 3rd quarter. GAMMA Investing LLC now owns 323 shares of the software maker’s stock valued at $54,000 after acquiring an additional 68 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Paycom Software by 1.7% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,624 shares of the software maker’s stock valued at $661,000 after purchasing an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

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.