Paycom Software (NYSE:PAYC) Upgraded by KeyCorp to Overweight Rating

KeyCorp upgraded shares of Paycom Software (NYSE:PAYC) from a sector weight rating to an overweight rating in a research report released on Monday, Marketbeat reports. KeyCorp currently has $245.00 price target on the software maker’s stock. KeyCorp also issued estimates for Paycom Software’s Q1 2025 earnings at $2.09 EPS, Q2 2025 earnings at $1.23 EPS, Q3 2025 earnings at $1.35 EPS, Q4 2025 earnings at $1.93 EPS, FY2025 earnings at $6.60 EPS, Q1 2026 earnings at $2.37 EPS, Q2 2026 earnings at $1.41 EPS, Q3 2026 earnings at $1.54 EPS, Q4 2026 earnings at $2.18 EPS and FY2026 earnings at $7.51 EPS.

PAYC has been the subject of several other reports. TD Cowen raised their target price on shares of Paycom Software from $193.00 to $248.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Mizuho raised their target price on shares of Paycom Software from $190.00 to $210.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Piper Sandler raised their target price on shares of Paycom Software from $191.00 to $224.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Needham & Company LLC reissued a “hold” rating on shares of Paycom Software in a research note on Thursday, February 13th. Finally, Citigroup reduced their price objective on shares of Paycom Software from $234.00 to $221.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Twelve investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Paycom Software presently has a consensus rating of “Hold” and a consensus target price of $212.80.

Paycom Software Stock Down 0.1 %

NYSE PAYC opened at $206.47 on Monday. Paycom Software has a 12-month low of $139.50 and a 12-month high of $242.74. The company has a market capitalization of $11.82 billion, a PE ratio of 23.20, a price-to-earnings-growth ratio of 2.40 and a beta of 1.14. The firm’s 50 day moving average is $208.92 and its 200-day moving average is $198.95.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.03. Paycom Software had a net margin of 26.66% and a return on equity of 33.53%. As a group, sell-side analysts expect that Paycom Software will post 7.15 EPS for the current year.

Paycom Software Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Monday, March 10th. Paycom Software’s dividend payout ratio (DPR) is presently 16.85%.

Insider Activity at Paycom Software

In other Paycom Software news, COO Randall Peck sold 3,600 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $212.19, for a total transaction of $763,884.00. Following the completion of the transaction, the chief operating officer now owns 50,665 shares of the company’s stock, valued at approximately $10,750,606.35. The trade was a 6.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director J C. Watts, Jr. sold 500 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $218.22, for a total value of $109,110.00. Following the transaction, the director now directly owns 7,730 shares of the company’s stock, valued at approximately $1,686,840.60. The trade was a 6.08 % decrease in their position. The disclosure for this sale can be found here. 14.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PAYC. Farther Finance Advisors LLC raised its stake in Paycom Software by 22.9% during the third quarter. Farther Finance Advisors LLC now owns 602 shares of the software maker’s stock worth $100,000 after acquiring an additional 112 shares in the last quarter. Van ECK Associates Corp raised its stake in Paycom Software by 11.0% during the third quarter. Van ECK Associates Corp now owns 10,452 shares of the software maker’s stock worth $1,718,000 after acquiring an additional 1,037 shares in the last quarter. Principal Financial Group Inc. raised its stake in Paycom Software by 9.3% during the third quarter. Principal Financial Group Inc. now owns 65,809 shares of the software maker’s stock worth $10,962,000 after acquiring an additional 5,574 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in shares of Paycom Software in the third quarter valued at approximately $219,000. Finally, SpiderRock Advisors LLC acquired a new position in shares of Paycom Software in the third quarter valued at approximately $555,000. 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.