Shares of Paycom Software, Inc. (NYSE:PAYCGet Free Report) have been assigned a consensus rating of “Hold” from the twelve brokerages that are currently covering the firm, MarketBeat.com reports. Eleven equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $202.56.

A number of equities research analysts recently commented on PAYC shares. StockNews.com upgraded Paycom Software from a “hold” rating to a “buy” rating in a research report on Monday, December 16th. Piper Sandler upped their price objective on Paycom Software from $160.00 to $191.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Citigroup increased their target price on Paycom Software from $172.00 to $196.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. BMO Capital Markets boosted their price target on shares of Paycom Software from $183.00 to $197.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Finally, Jefferies Financial Group increased their price objective on shares of Paycom Software from $170.00 to $175.00 and gave the company a “hold” rating in a research report on Thursday, October 31st.

Check Out Our Latest Analysis on PAYC

Insiders Place Their Bets

In related news, CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $162.17, for a total transaction of $316,231.50. Following the completion of the transaction, the chief executive officer now owns 2,780,160 shares in the company, valued at $450,858,547.20. The trade was a 0.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 33,150 shares of company stock valued at $6,130,586 over the last 90 days. Insiders own 14.50% of the company’s stock.

Institutional Trading of Paycom Software

Several institutional investors and hedge funds have recently made changes to their positions in PAYC. Everence Capital Management Inc. bought a new stake in Paycom Software during the 4th quarter valued at about $314,000. GAMMA Investing LLC grew its stake in Paycom Software by 81.1% in the 4th quarter. GAMMA Investing LLC now owns 585 shares of the software maker’s stock worth $120,000 after acquiring an additional 262 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Paycom Software by 14.5% during the third quarter. JPMorgan Chase & Co. now owns 326,018 shares of the software maker’s stock worth $54,305,000 after acquiring an additional 41,187 shares during the period. Principal Financial Group Inc. raised its stake in shares of Paycom Software by 9.3% during the third quarter. Principal Financial Group Inc. now owns 65,809 shares of the software maker’s stock valued at $10,962,000 after acquiring an additional 5,574 shares in the last quarter. Finally, Peapack Gladstone Financial Corp boosted its holdings in shares of Paycom Software by 71.7% in the third quarter. Peapack Gladstone Financial Corp now owns 2,488 shares of the software maker’s stock valued at $414,000 after purchasing an additional 1,039 shares during the period. 87.77% of the stock is currently owned by institutional investors.

Paycom Software Stock Up 1.2 %

Shares of PAYC stock opened at $203.86 on Friday. The company’s fifty day simple moving average is $219.14 and its two-hundred day simple moving average is $180.04. Paycom Software has a 52 week low of $139.50 and a 52 week high of $242.74. The stock has a market cap of $11.75 billion, a P/E ratio of 24.53, a PEG ratio of 3.12 and a beta of 1.14.

Paycom Software Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, November 25th were issued a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $1.50 annualized dividend and a yield of 0.74%. Paycom Software’s payout ratio is 18.05%.

Paycom Software Company Profile

(Get Free Report

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.

Further Reading

RatingsChart Brokerages Set Paycom Software, Inc. (NYSE:PAYC) Target Price at $202.56



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