5,035 Shares in Paycom Software, Inc. $PAYC Purchased by MidFirst Bank

MidFirst Bank bought a new position in shares of Paycom Software, Inc. (NYSE:PAYC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,035 shares of the software maker’s stock, valued at approximately $802,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC purchased a new position in Paycom Software during the 4th quarter valued at about $638,000. AQR Capital Management LLC grew its holdings in Paycom Software by 23.7% in the first quarter. AQR Capital Management LLC now owns 19,155 shares of the software maker’s stock worth $4,136,000 after purchasing an additional 3,674 shares during the period. United Services Automobile Association purchased a new stake in Paycom Software in the first quarter worth about $215,000. Empowered Funds LLC increased its stake in shares of Paycom Software by 22.8% during the first quarter. Empowered Funds LLC now owns 7,958 shares of the software maker’s stock valued at $1,739,000 after purchasing an additional 1,480 shares in the last quarter. Finally, Focus Partners Wealth increased its stake in shares of Paycom Software by 220.8% during the first quarter. Focus Partners Wealth now owns 3,940 shares of the software maker’s stock valued at $861,000 after purchasing an additional 2,712 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Paycom Software Stock Performance

PAYC stock opened at $124.66 on Friday. The stock’s 50 day simple moving average is $131.85 and its 200 day simple moving average is $137.55. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.83. Paycom Software, Inc. has a 12-month low of $104.90 and a 12-month high of $248.95. The stock has a market capitalization of $5.94 billion, a PE ratio of 14.41, a price-to-earnings-growth ratio of 1.08 and a beta of 0.79.

Paycom Software (NYSE:PAYC) last posted its earnings results on Wednesday, May 6th. The software maker reported $3.15 EPS for the quarter, topping analysts’ consensus estimates of $2.99 by $0.16. Paycom Software had a return on equity of 28.34% and a net margin of 22.44%.The business had revenue of $571.80 million during the quarter, compared to analyst estimates of $564.37 million. During the same quarter last year, the company earned $2.80 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, research analysts forecast that Paycom Software, Inc. will post 9.16 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th were given a $0.375 dividend. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $1.50 dividend on an annualized basis and a yield of 1.2%. Paycom Software’s payout ratio is 17.34%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PAYC. UBS Group dropped their price target on Paycom Software from $210.00 to $183.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. Mizuho lifted their price objective on Paycom Software from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of Paycom Software in a report on Friday, May 1st. Citigroup boosted their target price on Paycom Software from $120.00 to $136.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, BMO Capital Markets increased their target price on Paycom Software from $137.00 to $145.00 and gave the stock a “market perform” rating in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $159.67.

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.