Paycom Software (NYSE:PAYC) Releases Quarterly Earnings Results

Paycom Software (NYSE:PAYC) released its quarterly earnings results on Wednesday. The software maker reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.03, Zacks reports. Paycom Software had a net margin of 25.78% and a return on equity of 32.90%. Paycom Software updated its FY 2025 guidance to EPS.

Paycom Software Stock Up 2.5 %

PAYC opened at $212.23 on Friday. The firm has a market capitalization of $12.24 billion, a P/E ratio of 25.54, a P/E/G ratio of 2.81 and a beta of 1.15. The firm’s 50 day moving average is $211.23 and its 200-day moving average is $191.38. Paycom Software has a 52-week low of $139.50 and a 52-week high of $242.74.

Paycom Software Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.375 per share. The ex-dividend date is Monday, March 10th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.71%. Paycom Software’s dividend payout ratio is currently 18.05%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Stifel Nicolaus decreased their price target on shares of Paycom Software from $215.00 to $187.00 and set a “hold” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. raised their price target on shares of Paycom Software from $185.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday. StockNews.com raised shares of Paycom Software from a “hold” rating to a “buy” rating in a research note on Friday, January 31st. Barclays decreased their target price on shares of Paycom Software from $229.00 to $221.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 23rd. Finally, Citigroup decreased their target price on shares of Paycom Software from $234.00 to $221.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Eleven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $205.56.

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.