16,339 Shares in Paycom Software, Inc. $PAYC Acquired by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co acquired a new position in shares of Paycom Software, Inc. (NYSE:PAYC) in the third quarter, HoldingsChannel.com reports. The firm acquired 16,339 shares of the software maker’s stock, valued at approximately $3,401,000.

Other hedge funds also recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC bought a new position in shares of Paycom Software during the second quarter worth about $29,000. Caitlin John LLC acquired a new position in Paycom Software during the 3rd quarter valued at about $29,000. MUFG Securities EMEA plc bought a new position in Paycom Software in the 2nd quarter worth about $33,000. Steigerwald Gordon & Koch Inc. bought a new position in Paycom Software in the 3rd quarter worth about $31,000. Finally, Bogart Wealth LLC increased its stake in shares of Paycom Software by 100.0% in the third quarter. Bogart Wealth LLC now owns 200 shares of the software maker’s stock valued at $42,000 after purchasing an additional 100 shares during the period. 87.77% of the stock is currently owned by institutional investors.

Paycom Software Stock Performance

Shares of NYSE PAYC opened at $132.08 on Wednesday. Paycom Software, Inc. has a 1 year low of $104.90 and a 1 year high of $267.76. The firm has a market cap of $7.17 billion, a P/E ratio of 16.33, a PEG ratio of 1.39 and a beta of 0.80. The stock has a fifty day moving average price of $140.51 and a two-hundred day moving average price of $174.87.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, February 11th. The software maker reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.01. Paycom Software had a return on equity of 24.25% and a net margin of 22.10%.The business had revenue of $544.30 million during the quarter, compared to analyst estimates of $542.79 million. During the same quarter in the prior year, the firm posted $2.32 earnings per share. The company’s revenue was up 10.2% on a year-over-year basis. On average, research analysts predict that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Monday, March 9th will be given a dividend of $0.375 per share. The ex-dividend date is Monday, March 9th. This represents a $1.50 annualized dividend and a dividend yield of 1.1%. Paycom Software’s dividend payout ratio (DPR) is 18.54%.

Analyst Upgrades and Downgrades

PAYC has been the subject of several analyst reports. Mizuho reduced their price objective on Paycom Software from $180.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, February 12th. Jefferies Financial Group cut their target price on Paycom Software from $190.00 to $130.00 and set a “hold” rating on the stock in a research note on Thursday, February 12th. KeyCorp decreased their price target on Paycom Software from $250.00 to $195.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. TD Cowen lowered their price target on Paycom Software from $200.00 to $184.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Finally, Cantor Fitzgerald cut their price objective on shares of Paycom Software from $135.00 to $115.00 and set a “neutral” rating on the stock in a research note on Thursday, February 12th. Five equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $168.57.

Insider Activity

In related news, CFO Robert D. Foster sold 1,300 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer directly owned 14,747 shares in the company, valued at $2,398,747.02. The trade was a 8.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 10.90% of the stock is owned by corporate insiders.

Paycom Software 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.