Marks Group Wealth Management Inc lowered its holdings in shares of Paycom Software, Inc. (NYSE:PAYC – Free Report) by 15.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 26,508 shares of the software maker’s stock after selling 4,896 shares during the period. Marks Group Wealth Management Inc’s holdings in Paycom Software were worth $4,224,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in PAYC. Brighton Jones LLC bought a new position in shares of Paycom Software during the 4th quarter valued at $638,000. AQR Capital Management LLC grew its holdings in Paycom Software by 23.7% in the 1st quarter. AQR Capital Management LLC now owns 19,155 shares of the software maker’s stock worth $4,136,000 after acquiring an additional 3,674 shares during the last quarter. United Services Automobile Association bought a new stake in Paycom Software in the 1st quarter worth $215,000. Empowered Funds LLC grew its holdings in Paycom Software by 22.8% in the 1st quarter. Empowered Funds LLC now owns 7,958 shares of the software maker’s stock worth $1,739,000 after acquiring an additional 1,480 shares during the last quarter. Finally, Focus Partners Wealth grew its holdings in Paycom Software by 220.8% in the 1st quarter. Focus Partners Wealth now owns 3,940 shares of the software maker’s stock worth $861,000 after acquiring an additional 2,712 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.
Paycom Software Price Performance
Shares of Paycom Software stock opened at $135.97 on Tuesday. The company’s fifty day simple moving average is $130.14 and its two-hundred day simple moving average is $139.30. Paycom Software, Inc. has a 12-month low of $104.90 and a 12-month high of $265.91. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.83. The firm has a market cap of $6.48 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 1.19 and a beta of 0.79.
Paycom Software Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, May 26th. Paycom Software’s dividend payout ratio (DPR) is currently 17.34%.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on PAYC shares. TD Cowen raised their price target on shares of Paycom Software from $148.00 to $154.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. KeyCorp cut their price target on shares of Paycom Software from $250.00 to $195.00 and set an “overweight” rating on the stock in a report on Thursday, February 12th. BTIG Research raised their price target 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. Cantor Fitzgerald raised their price target on shares of Paycom Software from $115.00 to $135.00 and gave the stock a “neutral” rating in a report on Friday, March 6th. Finally, BMO Capital Markets raised their price target on shares of Paycom Software from $137.00 to $145.00 and gave the stock a “market perform” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $159.67.
View Our Latest Analysis on Paycom Software
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.
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