UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Stake in Paycom Software, Inc. $PAYC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in Paycom Software, Inc. (NYSE:PAYC) by 23.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 117,977 shares of the software maker’s stock after selling 36,604 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.26% of Paycom Software worth $14,827,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Fluent Financial LLC purchased a new position in Paycom Software during the second quarter worth approximately $2,439,000. Principal Financial Group Inc. raised its stake in shares of Paycom Software by 290.5% during the 1st quarter. Principal Financial Group Inc. now owns 243,762 shares of the software maker’s stock worth $29,627,000 after buying an additional 181,346 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Paycom Software by 1,151.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 170,854 shares of the software maker’s stock valued at $27,227,000 after buying an additional 157,201 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Paycom Software by 467.2% in the 1st quarter. Janus Henderson Group PLC now owns 23,200 shares of the software maker’s stock worth $2,819,000 after acquiring an additional 19,110 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in Paycom Software in the 4th quarter worth $912,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Paycom Software

In other news, insider Shane Hadlock sold 241 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $240.07, for a total transaction of $57,856.87. Following the completion of the transaction, the insider directly owned 69,911 shares in the company, valued at $16,783,533.77. This trade represents a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 13.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have issued reports on PAYC. Zacks Research raised shares of Paycom Software from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. Barclays raised their price target on shares of Paycom Software from $154.00 to $210.00 and gave the company an “equal weight” rating in a research note on Thursday, August 6th. Weiss Ratings upgraded Paycom Software from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. TD Cowen increased their target price on Paycom Software from $149.00 to $244.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, UBS Group lifted their price target on Paycom Software from $205.00 to $285.00 and gave the stock a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, Paycom Software currently has an average rating of “Hold” and an average price target of $214.23.

Paycom Software Price Performance

NYSE:PAYC opened at $231.81 on Friday. Paycom Software, Inc. has a one year low of $104.90 and a one year high of $244.98. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market cap of $10.45 billion, a PE ratio of 24.63, a P/E/G ratio of 1.29 and a beta of 0.78. The stock has a 50 day moving average price of $182.32 and a 200 day moving average price of $147.45.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings results on Wednesday, August 5th. The software maker reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.40. Paycom Software had a net margin of 22.78% and a return on equity of 37.06%. The firm had revenue of $531.20 million for the quarter, compared to analysts’ expectations of $513.12 million. During the same quarter in the previous year, the company posted $2.06 EPS. The company’s revenue was up 9.8% compared to the same quarter last year. Equities research analysts expect that Paycom Software, Inc. will post 10.65 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.6%. The ex-dividend date is Monday, August 24th. Paycom Software’s dividend payout ratio (DPR) is 15.94%.

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.