Zacks Research Cuts Earnings Estimates for Paycom Software

Paycom Software, Inc. (NYSE:PAYC) – Equities research analysts at Zacks Research lowered their Q1 2025 EPS estimates for shares of Paycom Software in a report issued on Monday, January 13th. Zacks Research analyst R. Department now expects that the software maker will post earnings per share of $2.29 for the quarter, down from their prior forecast of $2.30. The consensus estimate for Paycom Software’s current full-year earnings is $6.88 per share. Zacks Research also issued estimates for Paycom Software’s FY2025 earnings at $7.11 EPS.

Several other research analysts also recently weighed in on the company. Mizuho boosted their price target on Paycom Software from $190.00 to $210.00 and gave the company a “neutral” rating in a report on Friday, December 13th. TD Cowen upped their target price on Paycom Software from $193.00 to $248.00 and gave the company a “hold” rating in a research note on Monday, December 9th. StockNews.com raised Paycom Software from a “hold” rating to a “buy” rating in a research note on Monday, December 16th. Jefferies Financial Group upped their price objective on shares of Paycom Software from $170.00 to $175.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Finally, Piper Sandler raised their target price on shares of Paycom Software from $160.00 to $191.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $196.63.

Paycom Software Price Performance

NYSE:PAYC opened at $203.03 on Wednesday. The firm has a market cap of $11.71 billion, a PE ratio of 24.43, a P/E/G ratio of 3.12 and a beta of 1.14. The firm has a 50 day simple moving average of $220.30 and a 200-day simple moving average of $183.47. Paycom Software has a 1-year low of $139.50 and a 1-year high of $242.74.

Paycom Software Announces Dividend

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

Insider Buying and Selling at Paycom Software

In other news, CEO Chad R. Richison sold 1,950 shares of the company’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $169.17, for a total value of $329,881.50. Following the completion of the transaction, the chief executive officer now directly owns 2,764,560 shares in the company, valued at approximately $467,680,615.20. This represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 23,400 shares of company stock valued at $4,534,725 over the last three months. 14.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Paycom Software

A number of institutional investors have recently added to or reduced their stakes in PAYC. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Paycom Software during the second quarter worth about $25,000. Envestnet Asset Management Inc. grew its stake in Paycom Software by 33.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 285,349 shares of the software maker’s stock valued at $40,816,000 after purchasing an additional 71,384 shares in the last quarter. Plato Investment Management Ltd increased its holdings in Paycom Software by 10,944.4% during the 2nd quarter. Plato Investment Management Ltd now owns 1,988 shares of the software maker’s stock worth $284,000 after purchasing an additional 1,970 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Paycom Software by 4.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 262,803 shares of the software maker’s stock valued at $37,591,000 after purchasing an additional 10,204 shares in the last quarter. Finally, Edgestream Partners L.P. boosted its stake in shares of Paycom Software by 209.1% during the 2nd quarter. Edgestream Partners L.P. now owns 14,399 shares of the software maker’s stock valued at $2,060,000 after buying an additional 9,741 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

About Paycom Software

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.