Paycom Software, Inc. (NYSE:PAYC – Free Report) – Equities researchers at Zacks Research increased their fiscal 2024 earnings per share estimates for shares of Paycom Software in a research report issued on Wednesday, November 20. Zacks Research analyst R. Department now expects the software maker to post earnings per share of $6.85 for the year, up from their previous estimate of $6.56. The consensus estimate for Paycom Software’s current full-year earnings is $6.88 per share. Zacks Research also released estimates for Paycom Software’s fourth-quarter 2024 earnings of $1.59 per share, first-quarter 2025 earnings of $2.30 per share, second-quarter 2025 earnings of $1 .44 per share, third quarter 2025 earnings of $1.55 per share, fourth quarter 2025 earnings of $1.83 per share, fiscal 2025 earnings of $7.12 per share, first quarter 2026 earnings earnings per share of $2.47, Q2 2026 earnings of $1.71 earnings per share, Q3 2026 earnings of $1.83 earnings per share and fiscal 2026 earnings of $8.02 earnings per share.
PAYC has been the subject of several other investigative reports. Mizuho raised their price target on shares of Paycom Software from $170.00 to $190.00 and gave the company a “neutral” rating in a report on Monday, November 4. Needham & Company LLC reissued a “hold” rating on shares of Paycom Software in a research note on Thursday, August 1. Citigroup raised their price target on shares of Paycom Software from $172.00 to $196.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31. BMO Capital Markets raised their price objective on Paycom Software from $183.00 to $197.00 and gave the company a “market perform” rating in a research note on Thursday, October 31. Finally, Piper Sandler raised their price target on Paycom Software from $160.00 to $191.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Twelve analysts have rated the stock with a hold rating and one analyst has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $193.67.
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Paycom software increases by 0.7%
Shares of NYSE PAYC opened at $236.20 on Monday. The company has a market cap of $13.62 billion, a price-to-earnings ratio of 28.42, a PEG ratio of 3.07, and a beta of 1.14. Paycom Software has a one-year low of $139.50 and a one-year high of $236.75. The company has a fifty-day simple moving average of $188.41 and a 200-day simple moving average of $168.26.
Institutional trading in Paycom software
A number of hedge funds and other institutional investors have recently changed their holdings of stocks. Nisa Investment Advisors LLC strengthened its position in Paycom Software by 51.4% in the third quarter. Nisa Investment Advisors LLC now owns 2,666 shares of the software maker’s stock worth $444,000 after purchasing an additional 905 shares in the last quarter. Sylebra Capital LLC acquired a new stake in Paycom Software during the first quarter worth approximately $253,196,000. Profund Advisors LLC purchased a new stake in Paycom Software during the second quarter valued at approximately $589,000. BOKF NA increased its position in Paycom Software by 453.0% during the first quarter. BOKF NA now owns 9,219 shares of the software maker’s stock worth $1,828,000 after purchasing an additional 7,552 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Paycom Software by 1,549.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 21,662 shares of the software maker’s stock worth $3,098,000 after purchasing an additional 20,349 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s shares.
Buying and selling with insider information at Paycom Software
In other news, CEO Chad R. Richison sold 1,950 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares sold at an average price of $162.00, for a total transaction of $315,900.00. Following the transaction, the CEO now directly owns 2,941,808 shares in the company, valued at approximately $476,572,896. This represents a 0.07% decrease in their shareholdings. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Last quarter, insiders sold 54,600 company shares worth $9,726,717. Currently, 14.50% of the shares are owned by insiders.
Dividend announcement from Paycom Software
The company also recently declared a quarterly dividend, which will be paid on Monday, December 9. Investors of record on Monday, November 25 will receive a dividend of $0.375 per share. The ex-dividend date is Monday, November 25. This represents a dividend of $1.50 annually and a yield of 0.64%. Paycom Software’s dividend payout ratio is 18.05%.
Paycom Software Company Profile
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Paycom Software, Inc offers a cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized businesses in the United States. It provides functionality and data analytics that companies need to manage the employment lifecycle, from hiring to retirement.
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