Willis Investment Counsel Acquires 4,664 Shares of Paycom Software, Inc. $PAYC

Willis Investment Counsel boosted its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 93.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,651 shares of the software maker’s stock after acquiring an additional 4,664 shares during the quarter. Willis Investment Counsel’s holdings in Paycom Software were worth $2,233,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. SouthState Corp bought a new stake in shares of Paycom Software during the first quarter valued at approximately $27,000. S Bank Fund Management Ltd acquired a new position in shares of Paycom Software during the first quarter valued at $37,000. Assetmark Inc. lifted its stake in shares of Paycom Software by 651.9% during the second quarter. Assetmark Inc. now owns 203 shares of the software maker’s stock valued at $47,000 after acquiring an additional 176 shares during the period. Brooklyn Investment Group boosted its holdings in Paycom Software by 19.4% in the first quarter. Brooklyn Investment Group now owns 240 shares of the software maker’s stock valued at $52,000 after acquiring an additional 39 shares during the last quarter. Finally, Putney Financial Group LLC increased its position in Paycom Software by 77.0% in the second quarter. Putney Financial Group LLC now owns 338 shares of the software maker’s stock worth $78,000 after purchasing an additional 147 shares during the period. 87.77% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Bradley Scott Smith sold 1,500 shares of the business’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $223.27, for a total value of $334,905.00. Following the sale, the insider directly owned 24,533 shares in the company, valued at $5,477,482.91. The trade was a 5.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 10.90% of the stock is owned by corporate insiders.

Paycom Software Trading Down 0.6%

Shares of Paycom Software stock opened at $160.01 on Friday. The stock’s fifty day simple moving average is $195.26 and its 200 day simple moving average is $222.42. The company has a market capitalization of $9.00 billion, a PE ratio of 19.90, a PEG ratio of 1.75 and a beta of 0.88. Paycom Software, Inc. has a 12 month low of $156.50 and a 12 month high of $267.76.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Wednesday, November 5th. The software maker reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.96 by ($0.02). Paycom Software had a net margin of 22.65% and a return on equity of 24.79%. The business had revenue of $493.30 million during the quarter, compared to analyst estimates of $492.62 million. During the same quarter in the prior year, the firm posted $1.67 earnings per share. Paycom Software’s revenue for the quarter was up 9.2% compared to the same quarter last year. Paycom Software has set its FY 2025 guidance at EPS. Analysts predict that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 8th. Investors of record on Monday, November 24th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Monday, November 24th. Paycom Software’s dividend payout ratio (DPR) is presently 18.66%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PAYC. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Paycom Software in a research note on Wednesday, October 8th. KeyCorp cut their price objective on shares of Paycom Software from $290.00 to $250.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. TD Cowen reduced their price objective on shares of Paycom Software from $258.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Guggenheim started coverage on shares of Paycom Software in a report on Friday, September 26th. They set a “buy” rating and a $270.00 target price for the company. Finally, Jefferies Financial Group dropped their target price on shares of Paycom Software from $225.00 to $190.00 and set a “hold” rating for the company in a research report on Thursday, November 6th. Four analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $225.77.

About Paycom Software

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.