Robeco Institutional Asset Management B.V. Has $21.47 Million Stock Position in Paycom Software, Inc. $PAYC

Robeco Institutional Asset Management B.V. cut its holdings in Paycom Software, Inc. (NYSE:PAYC) by 15.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 103,131 shares of the software maker’s stock after selling 19,263 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.18% of Paycom Software worth $21,466,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. CYBER HORNET ETFs LLC bought a new stake in Paycom Software in the 2nd quarter valued at about $29,000. MUFG Securities EMEA plc bought a new stake in shares of Paycom Software in the second quarter valued at approximately $33,000. Blue Trust Inc. boosted its stake in shares of Paycom Software by 540.6% in the third quarter. Blue Trust Inc. now owns 205 shares of the software maker’s stock valued at $43,000 after buying an additional 173 shares during the period. Assetmark Inc. grew its position in Paycom Software by 651.9% during the second quarter. Assetmark Inc. now owns 203 shares of the software maker’s stock worth $47,000 after buying an additional 176 shares in the last quarter. Finally, Employees Retirement System of Texas bought a new position in Paycom Software during the 2nd quarter worth $55,000. 87.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on PAYC. Zacks Research raised Paycom Software from a “strong sell” rating to a “hold” rating in a report on Thursday, November 20th. JPMorgan Chase & Co. reduced their price objective on shares of Paycom Software from $235.00 to $220.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. BTIG Research assumed coverage on shares of Paycom Software in a report on Wednesday, December 17th. They issued a “buy” rating and a $195.00 target price on the stock. UBS Group cut their price target on shares of Paycom Software from $285.00 to $245.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Finally, Barclays decreased their price objective on shares of Paycom Software from $225.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, Paycom Software currently has an average rating of “Hold” and an average target price of $219.86.

Paycom Software Trading Up 0.6%

Shares of PAYC stock opened at $157.78 on Friday. Paycom Software, Inc. has a 1-year low of $151.74 and a 1-year high of $267.76. The stock has a market cap of $8.88 billion, a price-to-earnings ratio of 19.62, a PEG ratio of 1.61 and a beta of 0.82. The stock has a 50-day moving average of $163.97 and a 200-day moving average of $200.35.

Paycom Software (NYSE:PAYC) last announced its earnings results on Wednesday, November 5th. The software maker reported $1.94 EPS for the quarter, missing the consensus estimate of $1.96 by ($0.02). Paycom Software had a net margin of 22.65% and a return on equity of 24.79%. The company had revenue of $493.30 million during the quarter, compared to the consensus estimate of $492.62 million. During the same quarter in the previous year, the company earned $1.67 earnings per share. The business’s revenue was up 9.2% on a year-over-year basis. Sell-side analysts forecast that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, November 24th were given a dividend of $0.375 per share. The ex-dividend date was Monday, November 24th. This represents a $1.50 annualized dividend and a dividend yield of 1.0%. Paycom Software’s dividend payout ratio is 18.66%.

Insiders Place Their Bets

In related news, CFO Robert D. Foster sold 1,300 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $162.66, for a total value of $211,458.00. Following the transaction, the chief financial officer owned 14,747 shares in the company, valued at $2,398,747.02. The trade was a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.90% of the stock is owned by corporate insiders.

Paycom Software Company Profile

Paycom Software, Inc (NYSE: PAYC) is a cloud-based human capital management (HCM) software provider that delivers an end-to-end solution for human resources, payroll, talent acquisition, time and labor management, and talent management. Its single-database platform enables organizations to process payroll, track time, administer benefits, and manage recruiting and employee development through a unified system. Paycom’s software is designed to streamline administrative tasks, improve data accuracy, and provide real-time reporting and analytics to support strategic HR decisions.

The company’s core offerings include payroll processing with built-in tax compliance, employee self-service functionality, automated time tracking, and customizable talent acquisition tools that allow employers to create and post job requisitions, screen candidates, and conduct onboarding electronically.