Paycom Software, Inc. $PAYC Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. lifted its holdings in Paycom Software, Inc. (NYSE:PAYC) by 3.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 5,802,788 shares of the software maker’s stock after buying an additional 179,218 shares during the quarter. Vanguard Group Inc. owned about 0.10% of Paycom Software worth $1,207,792,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. CYBER HORNET ETFs LLC purchased a new stake in Paycom Software during the 2nd quarter worth $29,000. Steigerwald Gordon & Koch Inc. purchased a new position in Paycom Software in the third quarter valued at about $31,000. MUFG Securities EMEA plc acquired a new position in shares of Paycom Software during the second quarter worth about $33,000. Bogart Wealth LLC boosted its position 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 worth $42,000 after buying an additional 100 shares during the period. Finally, Blue Trust Inc. grew 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 in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on PAYC. Citigroup reduced their price target on Paycom Software from $185.00 to $128.00 and set a “neutral” rating on the stock in a research report on Friday, February 13th. TD Cowen dropped their price objective on shares of Paycom Software from $200.00 to $184.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Zacks Research upgraded shares of Paycom Software from a “strong sell” rating to a “hold” rating in a research note on Wednesday. BTIG Research lowered their price target on shares of Paycom Software from $195.00 to $140.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Finally, Barclays dropped their price target on shares of Paycom Software from $185.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 12th. Five analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $168.57.

Paycom Software Trading Down 4.9%

Shares of NYSE:PAYC opened at $114.82 on Friday. The firm has a market cap of $6.46 billion, a PE ratio of 14.19, a price-to-earnings-growth ratio of 1.26 and a beta of 0.79. The company has a fifty day simple moving average of $145.91 and a 200 day simple moving average of $179.95. Paycom Software, Inc. has a 12-month low of $104.90 and a 12-month high of $267.76.

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, topping the consensus estimate of $2.44 by $0.01. The company had revenue of $544.30 million during the quarter, compared to analyst estimates of $542.79 million. Paycom Software had a net margin of 22.10% and a return on equity of 24.25%. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period last year, the business earned $2.32 EPS. As a group, equities research analysts forecast that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Monday, March 9th will be paid a dividend of $0.375 per share. The ex-dividend date is Monday, March 9th. This represents a $1.50 annualized dividend and a yield of 1.3%. Paycom Software’s dividend payout ratio is presently 18.54%.

Insider Buying and Selling

In other news, CFO Robert D. Foster sold 1,300 shares of Paycom Software 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 completion of the transaction, the chief financial officer owned 14,747 shares in the company, valued at approximately $2,398,747.02. This trade represents a 8.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.90% of the stock is currently 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.