Y Intercept Hong Kong Ltd Raises Holdings in Paycom Software, Inc. $PAYC

Y Intercept Hong Kong Ltd grew its holdings in Paycom Software, Inc. (NYSE:PAYC) by 120.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,523 shares of the software maker’s stock after purchasing an additional 12,317 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Paycom Software were worth $2,737,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of PAYC. CYBER HORNET ETFs LLC purchased a new stake in shares of Paycom Software during the second quarter valued at $29,000. MUFG Securities EMEA plc purchased a new position in Paycom Software in the 2nd quarter worth about $33,000. Brown Brothers Harriman & Co. raised its position in Paycom Software by 190.6% in the 4th quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker’s stock worth $25,000 after buying an additional 101 shares during the last quarter. True Wealth Design LLC lifted its stake in Paycom Software by 946.7% during 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. Finally, Palisade Asset Management LLC purchased a new stake in shares of Paycom Software during the 3rd quarter valued at about $33,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

PAYC has been the subject of several research reports. BMO Capital Markets boosted their price objective on shares of Paycom Software from $137.00 to $145.00 and gave the company a “market perform” rating in a report on Thursday, May 7th. BTIG Research raised their target price on shares of Paycom Software from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Citigroup lifted their target price on shares of Paycom Software from $120.00 to $136.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of Paycom Software in a report on Friday, May 1st. Finally, Zacks Research upgraded Paycom Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $159.25.

Paycom Software Trading Up 2.5%

Shares of PAYC stock opened at $143.39 on Wednesday. Paycom Software, Inc. has a 1 year low of $104.90 and a 1 year high of $248.95. The firm has a fifty day moving average price of $133.67 and a 200-day moving average price of $134.60. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market cap of $6.83 billion, a price-to-earnings ratio of 16.58, a PEG ratio of 1.19 and a beta of 0.80.

Paycom Software (NYSE:PAYC) last announced 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. The company had revenue of $571.80 million for the quarter, compared to analysts’ expectations of $564.37 million. Paycom Software had a return on equity of 28.34% and a net margin of 22.44%.Paycom Software’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the firm earned $2.80 EPS. As a group, equities analysts predict that Paycom Software, Inc. will post 9.32 earnings per share for the current year.

Paycom Software Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, May 26th. Paycom Software’s payout ratio is presently 17.34%.

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.