Inceptionr LLC Buys 4,412 Shares of Paycom Software, Inc. $PAYC

Inceptionr LLC increased its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 193.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,697 shares of the software maker’s stock after purchasing an additional 4,412 shares during the period. Inceptionr LLC’s holdings in Paycom Software were worth $1,550,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of PAYC. North Star Asset Management Inc. grew its holdings in Paycom Software by 1.5% during the 2nd quarter. North Star Asset Management Inc. now owns 50,559 shares of the software maker’s stock worth $11,699,000 after acquiring an additional 740 shares in the last quarter. FourThought Financial Partners LLC increased its position in Paycom Software by 4.7% during the 2nd quarter. FourThought Financial Partners LLC now owns 1,976 shares of the software maker’s stock valued at $457,000 after buying an additional 89 shares in the last quarter. XTX Topco Ltd boosted its holdings in Paycom Software by 62.9% in the second quarter. XTX Topco Ltd now owns 9,261 shares of the software maker’s stock worth $2,143,000 after acquiring an additional 3,575 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of Paycom Software by 12.7% during the second quarter. Prudential Financial Inc. now owns 28,031 shares of the software maker’s stock worth $6,486,000 after acquiring an additional 3,153 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Paycom Software by 3.3% in the second quarter. Charles Schwab Investment Management Inc. now owns 518,932 shares of the software maker’s stock worth $120,081,000 after buying an additional 16,587 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on PAYC shares. Mizuho dropped their target price on Paycom Software from $220.00 to $180.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. KeyCorp dropped 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 cut 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. Jefferies Financial Group decreased 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. Finally, BMO Capital Markets upped their price target on shares of Paycom Software from $244.00 to $258.00 and gave the company a “market perform” rating in a report on Thursday, August 7th. Four investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $225.77.

Paycom Software Stock Up 3.2%

Shares of Paycom Software stock opened at $164.23 on Wednesday. The firm has a market cap of $9.24 billion, a PE ratio of 20.43, a P/E/G ratio of 1.73 and a beta of 0.88. Paycom Software, Inc. has a twelve month low of $156.50 and a twelve month high of $267.76. The business has a 50-day moving average price of $191.87 and a 200 day moving average price of $220.62.

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

Paycom Software Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 8th. Investors of record on Monday, November 24th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Monday, November 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 currently 18.66%.

Insider Transactions at Paycom Software

In other news, insider Bradley Scott Smith sold 1,500 shares of Paycom Software stock in a transaction that occurred on 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 of the company’s stock, 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 legal filing with the SEC, which is available at this link. Insiders own 10.90% of the company’s stock.

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.