Paycom Software, Inc. (PAYC) To Go Ex-Dividend on March 10th

Paycom Software, Inc. (NYSE:PAYC) declared a quarterly dividend on Monday, February 10th,RTT News reports. Stockholders of record on Monday, March 10th will be given a dividend of 0.375 per share by the software maker on Monday, March 24th. This represents a $1.50 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Monday, March 10th.

Paycom Software has a payout ratio of 16.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Paycom Software to earn $7.16 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 20.9%.

Paycom Software Stock Down 0.8 %

Paycom Software stock opened at $203.04 on Wednesday. Paycom Software has a 52-week low of $139.50 and a 52-week high of $242.74. The firm has a market capitalization of $11.71 billion, a price-to-earnings ratio of 24.43, a PEG ratio of 2.81 and a beta of 1.15. The firm has a 50-day moving average price of $212.25 and a two-hundred day moving average price of $190.99.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on PAYC shares. Citigroup decreased their price objective on Paycom Software from $234.00 to $221.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Mizuho increased their price target on Paycom Software from $190.00 to $210.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. BMO Capital Markets lifted their price objective on shares of Paycom Software from $183.00 to $197.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. StockNews.com upgraded shares of Paycom Software from a “hold” rating to a “buy” rating in a research report on Friday, January 31st. Finally, Jefferies Financial Group boosted their price target on shares of Paycom Software from $170.00 to $175.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Paycom Software has an average rating of “Hold” and a consensus target price of $204.75.

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.