Paycom Software, Inc. $PAYC Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 2.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 161,272 shares of the software maker’s stock after selling 4,750 shares during the quarter. SG Americas Securities LLC’s holdings in Paycom Software were worth $25,700,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. True Wealth Design LLC increased its position in Paycom Software by 946.7% in the 4th quarter. True Wealth Design LLC now owns 157 shares of the software maker’s stock valued at $25,000 after acquiring an additional 142 shares during the period. Caitlin John LLC bought a new stake in Paycom Software during the 3rd quarter valued at $29,000. CYBER HORNET ETFs LLC acquired a new position in Paycom Software during the 2nd quarter worth $29,000. Steigerwald Gordon & Koch Inc. acquired a new position in Paycom Software during the 3rd quarter worth $31,000. Finally, MUFG Securities EMEA plc bought a new position in shares of Paycom Software in the second quarter worth $33,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Paycom Software Stock Performance

PAYC opened at $122.84 on Friday. Paycom Software, Inc. has a one year low of $104.90 and a one year high of $267.76. The stock’s fifty day moving average is $130.39 and its 200-day moving average is $163.96. The company has a market capitalization of $6.67 billion, a PE ratio of 15.18, a P/E/G ratio of 1.26 and a beta of 0.80.

Paycom Software (NYSE:PAYC) last announced its earnings results 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. The business had revenue of $544.30 million during the quarter, compared to analysts’ expectations of $542.79 million. Paycom Software had a return on equity of 24.25% and a net margin of 22.10%.The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the business posted $2.32 earnings per share. On average, equities research analysts forecast that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Monday, March 9th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Monday, March 9th. Paycom Software’s dividend payout ratio is presently 18.54%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on PAYC shares. Cantor Fitzgerald raised their price target on Paycom Software from $115.00 to $135.00 and gave the company a “neutral” rating in a report on Friday, March 6th. Citigroup decreased their target price on shares of Paycom Software from $185.00 to $128.00 and set a “neutral” rating for the company in a research report on Friday, February 13th. Zacks Research raised shares of Paycom Software from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. BMO Capital Markets dropped their price target on shares of Paycom Software from $175.00 to $137.00 and set a “market perform” rating on the stock in a research report on Thursday, February 12th. Finally, TD Cowen reduced their price target on shares of Paycom Software from $200.00 to $184.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. Five analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $170.71.

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.