HUB Investment Partners LLC Lowers Stake in Paycom Software, Inc. $PAYC

HUB Investment Partners LLC cut its stake in Paycom Software, Inc. (NYSE:PAYC) by 7.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,528 shares of the software maker’s stock after selling 3,968 shares during the quarter. HUB Investment Partners LLC owned about 0.09% of Paycom Software worth $10,725,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in PAYC. CYBER HORNET ETFs LLC purchased a new position in Paycom Software in the second quarter valued at about $29,000. Caitlin John LLC bought a new stake in shares of Paycom Software in the 3rd quarter valued at about $29,000. MUFG Securities EMEA plc bought a new stake in shares of Paycom Software in the 2nd quarter valued at about $33,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Paycom Software in the 3rd quarter worth approximately $31,000. Finally, Bogart Wealth LLC raised its stake in shares of Paycom Software by 100.0% during the 3rd quarter. Bogart Wealth LLC now owns 200 shares of the software maker’s stock worth $42,000 after acquiring an additional 100 shares in the last quarter. 87.77% of the stock is owned by institutional investors.

Paycom Software Trading Up 1.0%

NYSE:PAYC opened at $138.09 on Friday. The company has a market capitalization of $7.50 billion, a P/E ratio of 17.07, a PEG ratio of 1.49 and a beta of 0.80. Paycom Software, Inc. has a 12 month low of $104.90 and a 12 month high of $267.76. The firm has a fifty day simple moving average of $139.07 and a 200-day simple moving average of $173.71.

Paycom Software (NYSE:PAYC) last issued its earnings results on Wednesday, February 11th. The software maker reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $542.79 million. During the same quarter last year, the business posted $2.32 EPS. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. Equities analysts forecast that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Announces Dividend

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

Insider Activity at Paycom Software

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Weiss Ratings cut shares of Paycom Software from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 3rd. BTIG Research reduced their price target on Paycom Software from $195.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Zacks Research upgraded Paycom Software from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th. Guggenheim lowered their price objective on Paycom Software from $210.00 to $180.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Finally, Citigroup dropped their target price on Paycom Software from $185.00 to $128.00 and set a “neutral” rating on the stock in a research note on Friday, February 13th. Five equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $170.71.

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.