Vanguard Group Inc. Sells 213,399 Shares of Paycom Software, Inc. $PAYC

Vanguard Group Inc. reduced its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 3.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,589,389 shares of the software maker’s stock after selling 213,399 shares during the quarter. Vanguard Group Inc. owned about 0.10% of Paycom Software worth $890,725,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. UMB Bank n.a. grew its stake in shares of Paycom Software by 7.6% during the third quarter. UMB Bank n.a. now owns 789 shares of the software maker’s stock valued at $164,000 after buying an additional 56 shares during the last quarter. ORG Wealth Partners LLC grew its stake in shares of Paycom Software by 4.4% during the third quarter. ORG Wealth Partners LLC now owns 1,390 shares of the software maker’s stock valued at $289,000 after buying an additional 59 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of Paycom Software by 4.0% during the third quarter. Mackenzie Financial Corp now owns 1,624 shares of the software maker’s stock valued at $338,000 after buying an additional 63 shares during the last quarter. Davis Investment Partners LLC grew its stake in shares of Paycom Software by 2.3% during the fourth quarter. Davis Investment Partners LLC now owns 2,988 shares of the software maker’s stock valued at $455,000 after buying an additional 68 shares during the last quarter. Finally, Compound Planning Inc. grew its stake in shares of Paycom Software by 2.9% during the third quarter. Compound Planning Inc. now owns 2,899 shares of the software maker’s stock valued at $603,000 after buying an additional 83 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PAYC has been the topic of a number of recent research reports. Zacks Research raised Paycom Software from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. KeyCorp dropped their target price on shares of Paycom Software from $250.00 to $195.00 and set an “overweight” rating for the company in a report on Thursday, February 12th. Cantor Fitzgerald increased their target price on shares of Paycom Software from $115.00 to $135.00 and gave the stock a “neutral” rating in a report on Friday, March 6th. Guggenheim dropped their target price on shares of Paycom Software from $210.00 to $180.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Finally, TD Cowen dropped their target price on shares of Paycom Software from $200.00 to $184.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Five research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Paycom Software presently has an average rating of “Hold” and a consensus target price of $168.79.

Paycom Software Price Performance

Shares of PAYC opened at $131.85 on Friday. Paycom Software, Inc. has a one year low of $104.90 and a one year high of $267.76. The company has a 50-day simple moving average of $124.88 and a two-hundred day simple moving average of $148.00. The firm has a market capitalization of $6.29 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 1.39 and a beta of 0.77.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Wednesday, February 11th. The software maker reported $2.45 EPS for the quarter, topping the consensus estimate of $2.44 by $0.01. Paycom Software had a net margin of 22.10% and a return on equity of 24.25%. The business had revenue of $544.30 million during the quarter, compared to analyst estimates of $542.79 million. During the same period last year, the business posted $2.32 earnings per share. Paycom Software’s quarterly revenue was up 10.2% compared to the same quarter last year. Analysts expect that Paycom Software, Inc. will post 8.59 EPS for the current fiscal year.

Paycom Software Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Monday, March 9th were paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, March 9th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.1%. 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.