The price of Paycom Software Inc. (NYSE:PAYC) shares last traded on Wall Street fell -19.19% to $299.62.
Based on available information, 23 analysts follow Paycom Software Inc. (NYSE:PAYC). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $450.00 and a low of $325.00, we find $395.00. Given the previous closing price of $370.78, this indicates a potential upside of 6.53 percent. PAYC stock price is now -7.02% away from the 50-day moving average and -3.22% away from the 200-day moving average. The market capitalization of the company currently stands at $16.99B.
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Among analysts, 4 rate the stock a hold while 16 rate it a buy. Brokers who have rated the stock have averaged $382.42 as their price target over the next twelve months.
In other news, Clark Jason D., Director sold 430 shares of the company’s stock on May 25. The stock was sold for $119,966 at an average price of $278.99. Upon completion of the transaction, the Director now directly owns 5,100 shares in the company, valued at $1.53 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 15, Director Clark Jason D. sold 1,070 shares of the business’s stock. A total of $297,813 was realized by selling the stock at an average price of $278.33. This leaves the insider owning 4,741 shares of the company worth $1.42 million. Insiders disposed of 35,383 shares of company stock worth roughly $10.6 million over the past 1 year. A total of 15.43% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PAYC stock. A new stake in Paycom Software Inc. shares was purchased by PORTSIDE WEALTH GROUP, LLC during the first quarter worth $22,662,000. POINT72 ASSET MANAGEMENT, L.P. invested $11,505,000 in shares of PAYC during the first quarter. In the first quarter, BRIDGEWATER ASSOCIATES, LP acquired a new stake in Paycom Software Inc. valued at approximately $10,721,000. JUPITER ASSET MANAGEMENT LTD acquired a new stake in PAYC for approximately $8,712,000. TWIN TREE MANAGEMENT, LP purchased a new stake in PAYC valued at around $7,337,000 in the second quarter.
During the past 12 months, Paycom Software Inc. has had a low of $262.11 and a high of $402.78. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.20, and a quick ratio of 1.20. According to the stock market information, the enterprise value for the company is $20.98B, which is based on a 56.33 price-to-earnings ratio, a 2.37 price-to-earnings-growth ratio, and a beta of 1.39. The fifty day moving average price for PAYC is $322.52 and a two-hundred day moving average price translates $309.52 for the stock.
According to the Software – Application Company, earnings per share came in at $1.62, beating analysts’ expectations of $1.59 by 0.03. This compares to $1.58 EPS in the same period last year. The net profit margin was 21.00% and return on equity was 26.90% for PAYC. The company reported revenue of $451.64 million for the quarter, compared to $353.52 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 27.75 percent. For the current quarter, analysts expect PAYC to generate $411.95M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/11/2023. Investors who held shares on 08/28/2023 were paid a $0.375 dividend. On an annualized basis, this represents a $1.50 dividend and a 0.50% percent yield. There was an ex-dividend date of 08/25/2023 for this dividend.
