Guggenheim initiated coverage on shares of Paycom Software (NYSE: PAYC – Free Report) In a research report that was published on Friday, Marketbeat reports. The company has issued a buy rating and a target price of $ 270.00 on the shares of the software maker.
A number of other stock analysts recently also commented on the shares. BMO Capital Markets increased their target price on Paycom Software from $ 244.00 to $ 258.00 and gave the share a “market performance” rating in a research memorandum on Thursday 7 August. TD Cowen Increased Paycom software shares from a “Hold” rating to a “buy” rating and increased their price target for the company from $ 246.00 to $ 258.00 in a research report on Monday 22 September. UBS Group lowered their target price on Paycom software from $ 310.00 to $ 285.00 and set a “buy” rating for the company in a report on Wednesday 17 September. Barclays increased their target price on Paycom software from $ 240.00 to $ 250.00 and gave the company an “equal weight” rating in a research memorandum on Thursday 7 August. Finally, Cantor Fitzgerald upheld Paycom Software in a research bill on Thursday 11 September to a “Hold” rating. Four research analysts of shares have assessed the shares with a buy -rating and ten have awarded a hold -rating to the company. According to MarketBeat.com, the company currently has an average assessment of “Hold” and a consensus rowing price of $ 241.77.
View our latest analysis on Paycom software
Paycom -Software -Sharing performance
Paycom Software Stock is open on Friday for $ 217.73. Paycom software has a lowest point of fifty-two of $ 159.82 and a high-two-two-year-old week of $ 267.76. The company has a progressive average price of 50 days of $ 225.04 and a progressive average price of 200 days of $ 229.69. The company has a market capitalization of $ 12.60 billion, a PE ratio of 29.46, a price-gain growth of 2.36 and a beta of 0.81.
Paycom software (NYSE: PAYC – FREE REPAAR) posted its quarterly results for the last time on Wednesday 6 August. The software maker reported $ 2.06 profit per share for the quarter, making the $ 1.78 consensus estimate by $ 0.28 at the top of the consensus cladding. The company had a turnover of $ 483.60 million during the quarter, compared to the consensus estimate of $ 472.00 million. Paycom software had a net margin of 21.22% and a return on equity of 25.40%. The quarterly turnover of the company increased by 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company made $ 1.62 profit per share. As a group, stock research analysts predict that Paycom software will make 7.15 profit per share for the current year.
Paycom software announces dividend
The company also recently announced a quarterly dividend, which was paid on Monday 8 September. Record shareholders On Monday, August 25, a dividend of $ 0.375 per share received. This represents a dividend of $ 1.50 on an annual basis and a revenue of 0.7%. The ex-dividend date was Monday, August 25. The dividend payment of Paycom Software is 20.30%.
Insider activity at Paycom -software
In other news, Insider Bradley Scott Smith sold 1500 shares of Paycom Software shares in a transaction of Friday 12 September. The shares were sold at an average price of $ 223.27, for a total transaction of $ 334,905.00. After completing the sale, the insider owned 24,533 shares in the company, worth $ 5,477,482.91. Trade was a decrease of 5.76% in their ownership of the share. The sale was announced in an application at the SEC, which is available via the SEC website. 10.90% of the shares are currently owned by company insiders.
Institutional investors weigh on Paycom software
A number of hedge funds and other institutional investors have recently adjusted their participations of the company. Amiral Gestion bought a new interest in Paycom Software in the second quarter worth around $ 6,474,000. Valeo Financial Advisors LLC grew its participations in Paycom Software shares with 6.4% during the second quarter. Valeo Financial Advisors LLC now has 2,190 shares of the shares of the software maker worth $ 507,000 after buying another 132 shares in the last quarter. Osaic Holdings Inc. Increased its interest in Paycom software by 175.0% in the second quarter. Osaic Holdings Inc. Now owns 26,269 shares of the shares of the software maker worth $ 5,926,000 after the purchase of an additional 16,717 shares in the last quarter. Orion Porfolio Solutions LLC increased its interest in Paycom software by 16.9% in the second quarter. Orion PorFolio Solutions LLC now has 13,403 shares of the shares of the software maker worth $ 3,101,000 after the purchase of an additional 1,936 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. A new position in Paycom software worth $ 360,000 in the second quarter. 87.77% of the shares are currently owned by hedge funds and other institutional investors.
About Paycom software
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Paycom Software, Inc offers cloud-based solution for Human Capital Management (HCM) as a software-as-a-service for small to medium-sized companies in the United States. It offers functionality and data analysis that companies need to manage the lifelong life cycle from recruitment to retirement.
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