Paycom Software, Inc. (NYSE:PAYC) Short Interest Up 27.4% in February

Paycom Software, Inc. (NYSE:PAYC) was the target of a significant growth in short interest in February. As of February 13th, there was short interest totaling 4,321,954 shares, a growth of 27.4% from the January 29th total of 3,392,894 shares. Based on an average trading volume of 2,345,432 shares, the short-interest ratio is presently 1.8 days. Currently, 8.9% of the shares of the company are short sold. Currently, 8.9% of the shares of the company are short sold. Based on an average trading volume of 2,345,432 shares, the short-interest ratio is presently 1.8 days.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PAYC shares. UBS Group decreased their price objective on shares of Paycom Software from $245.00 to $210.00 and set a “buy” rating on the stock in a research note on Monday, January 26th. Weiss Ratings lowered Paycom Software from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, February 3rd. Guggenheim lowered their price target on Paycom Software from $210.00 to $180.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Cantor Fitzgerald reduced their price objective on Paycom Software from $135.00 to $115.00 and set a “neutral” rating on the stock in a research note on Thursday, February 12th. Finally, Mizuho decreased their target price on Paycom Software from $180.00 to $120.00 and set a “neutral” rating on the stock in a research report on Thursday, February 12th. Five investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Paycom Software has a consensus rating of “Hold” and a consensus target price of $168.57.

Insider Buying and Selling

In other Paycom Software news, CFO Robert D. Foster sold 1,300 shares of Paycom Software stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $162.66, for a total value of $211,458.00. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 10.90% of the company’s stock.

Institutional Investors Weigh In On Paycom Software

A number of institutional investors have recently made changes to their positions in PAYC. Reinhart Partners LLC. raised its position in shares of Paycom Software by 887.4% during the fourth quarter. Reinhart Partners LLC. now owns 598,323 shares of the software maker’s stock worth $95,351,000 after acquiring an additional 537,726 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in Paycom Software by 10,106.6% during the 3rd quarter. Allianz Asset Management GmbH now owns 486,957 shares of the software maker’s stock worth $101,355,000 after purchasing an additional 482,186 shares during the last quarter. Contour Asset Management LLC acquired a new position in shares of Paycom Software in the 4th quarter worth approximately $60,333,000. Two Sigma Investments LP boosted its stake in shares of Paycom Software by 228.7% in the 3rd quarter. Two Sigma Investments LP now owns 532,124 shares of the software maker’s stock valued at $110,756,000 after purchasing an additional 370,219 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Paycom Software by 28.2% during the fourth quarter. Invesco Ltd. now owns 1,559,682 shares of the software maker’s stock worth $248,551,000 after buying an additional 343,494 shares during the period. Institutional investors own 87.77% of the company’s stock.

Paycom Software Stock Up 1.7%

Paycom Software stock traded up $2.30 during trading hours on Wednesday, hitting $134.11. The stock had a trading volume of 2,027,371 shares, compared to its average volume of 2,557,333. The business’s 50 day simple moving average is $139.99 and its 200-day simple moving average is $174.58. Paycom Software has a one year low of $104.90 and a one year high of $267.76. The stock has a market cap of $7.28 billion, a price-to-earnings ratio of 16.58, a P/E/G ratio of 1.43 and a beta of 0.80.

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Wednesday, February 11th. The software maker reported $2.45 earnings per share for the quarter, topping 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 company had revenue of $544.30 million for the quarter, compared to analysts’ expectations of $542.79 million. During the same period in the previous year, the business posted $2.32 earnings per share. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. Research analysts anticipate that Paycom Software will post 7.15 EPS for the current fiscal year.

Paycom Software Dividend Announcement

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

About Paycom Software

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.