Lombard Odier Asset Management Europe Ltd Decreases Stock Holdings in Paycom Software, Inc. $PAYC

Lombard Odier Asset Management Europe Ltd lowered its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 27.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,000 shares of the software maker’s stock after selling 3,750 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Paycom Software were worth $1,215,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Reinhart Partners LLC. raised its position in shares of Paycom Software by 887.4% during the 4th quarter. Reinhart Partners LLC. now owns 598,323 shares of the software maker’s stock valued at $95,351,000 after buying an additional 537,726 shares in the last quarter. Contour Asset Management LLC purchased a new position in Paycom Software in the fourth quarter worth about $60,333,000. Two Sigma Investments LP grew its position in Paycom Software by 228.7% in the third quarter. Two Sigma Investments LP now owns 532,124 shares of the software maker’s stock worth $110,756,000 after acquiring an additional 370,219 shares in the last quarter. Invesco Ltd. increased its stake in Paycom Software by 28.2% during the fourth quarter. Invesco Ltd. now owns 1,559,682 shares of the software maker’s stock worth $248,551,000 after acquiring an additional 343,494 shares during the last quarter. Finally, River Road Asset Management LLC increased its stake in Paycom Software by 481.9% during the fourth quarter. River Road Asset Management LLC now owns 392,403 shares of the software maker’s stock worth $62,533,000 after acquiring an additional 324,970 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. BMO Capital Markets raised their price objective on Paycom Software from $137.00 to $145.00 and gave the company a “market perform” rating in a research note on Thursday, May 7th. Citigroup boosted their target price on Paycom Software from $120.00 to $136.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. UBS Group lowered their price target on Paycom Software from $210.00 to $183.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. Barclays lifted their price objective on shares of Paycom Software from $148.00 to $154.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st. Finally, Weiss Ratings upgraded shares of Paycom Software from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $159.75.

Paycom Software Stock Up 2.8%

Shares of NYSE:PAYC opened at $168.60 on Tuesday. The firm has a market capitalization of $8.03 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 1.39 and a beta of 0.75. The business has a 50 day simple moving average of $139.71 and a two-hundred day simple moving average of $133.35. Paycom Software, Inc. has a 1 year low of $104.90 and a 1 year high of $248.95. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.08 and a quick ratio of 1.08.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Wednesday, May 6th. The software maker reported $3.15 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.16. Paycom Software had a return on equity of 28.34% and a net margin of 22.44%.The firm had revenue of $571.80 million for the quarter, compared to the consensus estimate of $564.37 million. During the same period in the prior year, the business posted $2.80 earnings per share. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, equities analysts predict that Paycom Software, Inc. will post 9.37 EPS for the current year.

Paycom Software Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th will be paid a $0.375 dividend. The ex-dividend date is Monday, August 24th. This represents a $1.50 dividend on an annualized basis and a yield of 0.9%. Paycom Software’s dividend payout ratio (DPR) is presently 17.34%.

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.