Goldman Sachs Group Inc. boosted its stake in Paycom Software, Inc. (NYSE:PAYC – Free Report) by 5.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 552,470 shares of the software maker’s stock after purchasing an additional 27,069 shares during the quarter. Goldman Sachs Group Inc. owned about 0.98% of Paycom Software worth $88,042,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CYBER HORNET ETFs LLC bought a new stake in Paycom Software in the second quarter valued at about $29,000. Caitlin John LLC bought a new stake in Paycom Software in the third quarter valued at about $29,000. MUFG Securities EMEA plc acquired a new position in Paycom Software in the second quarter valued at about $33,000. True Wealth Design LLC grew its stake in Paycom Software by 946.7% in the fourth quarter. True Wealth Design LLC now owns 157 shares of the software maker’s stock valued at $25,000 after acquiring an additional 142 shares during the period. Finally, Palisade Asset Management LLC acquired a new position in Paycom Software in the third quarter valued at about $33,000. Institutional investors own 87.77% of the company’s stock.
Paycom Software Stock Up 0.3%
NYSE:PAYC opened at $136.17 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.83. The stock has a market cap of $6.49 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 1.18 and a beta of 0.79. The stock has a 50-day moving average price of $130.52 and a two-hundred day moving average price of $139.13. Paycom Software, Inc. has a 1 year low of $104.90 and a 1 year high of $258.59.
Paycom Software Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th were given a dividend of $0.375 per share. 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 is currently 17.34%.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the company. BTIG Research boosted their target price on Paycom Software from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. TD Cowen boosted their target price on Paycom Software from $148.00 to $154.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Jefferies Financial Group decreased their target price on Paycom Software from $190.00 to $130.00 and set a “hold” rating for the company in a research note on Thursday, February 12th. KeyCorp decreased their target price on Paycom Software from $250.00 to $195.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. Finally, Citigroup boosted their target price on Paycom Software from $120.00 to $136.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $159.67.
Get Our Latest Report 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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