Paycom Software, Inc. (NYSE:PAYC – Get Free Report) announced a quarterly dividend on Monday, April 29th, RTT News reports. Investors of record on Tuesday, May 28th will be paid a dividend of 0.375 per share by the software maker on Monday, June 10th. This represents a $1.50 annualized dividend and a yield of 0.78%.
Paycom Software has a dividend payout ratio of 17.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Paycom Software to earn $6.90 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 21.7%.
Paycom Software Stock Up 2.2 %
PAYC traded up $4.25 during midday trading on Monday, reaching $193.14. The company had a trading volume of 757,761 shares, compared to its average volume of 839,016. The business has a 50-day moving average of $189.82 and a two-hundred day moving average of $196.49. The company has a market cap of $11.12 billion, a P/E ratio of 32.02, a P/E/G ratio of 3.22 and a beta of 1.17. Paycom Software has a 1 year low of $146.15 and a 1 year high of $374.04.
Analyst Ratings Changes
A number of equities research analysts have issued reports on PAYC shares. Citigroup cut their price objective on shares of Paycom Software from $205.00 to $198.00 and set a “neutral” rating for the company in a report on Wednesday, January 31st. Jefferies Financial Group reiterated a “hold” rating and issued a $195.00 target price on shares of Paycom Software in a research report on Friday, January 5th. UBS Group lifted their price objective on Paycom Software from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. BTIG Research started coverage on Paycom Software in a research report on Tuesday, February 6th. They set a “neutral” rating for the company. Finally, JPMorgan Chase & Co. upped their price target on shares of Paycom Software from $140.00 to $165.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. Seventeen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Paycom Software presently has a consensus rating of “Hold” and a consensus price target of $257.18.
View Our Latest Report on Paycom Software
Paycom Software Company Profile
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.
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