Dynamic Technology Lab Private Ltd bought a new position in shares of Paycom Software, Inc. (NYSE:PAYC – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,802 shares of the software maker’s stock, valued at approximately $1,084,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Korea Investment CORP boosted its position in Paycom Software by 161.9% during the fourth quarter. Korea Investment CORP now owns 108,525 shares of the software maker’s stock worth $17,295,000 after purchasing an additional 67,089 shares during the period. DRW Securities LLC bought a new position in Paycom Software during the fourth quarter worth about $385,000. Cibc World Markets Corp bought a new position in Paycom Software during the fourth quarter worth about $1,093,000. Dimensional Fund Advisors LP boosted its position in Paycom Software by 17.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 488,916 shares of the software maker’s stock worth $77,919,000 after purchasing an additional 71,731 shares during the period. Finally, California Public Employees Retirement System boosted its position in Paycom Software by 26.4% during the fourth quarter. California Public Employees Retirement System now owns 127,855 shares of the software maker’s stock worth $20,375,000 after purchasing an additional 26,741 shares during the period. Institutional investors own 87.77% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have weighed in on PAYC. Citigroup increased their target price on shares of Paycom Software from $120.00 to $136.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Mizuho increased their target price on shares of Paycom Software from $120.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. UBS Group lowered their price target on shares of Paycom Software from $210.00 to $183.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. Weiss Ratings reissued a “sell (d+)” rating on shares of Paycom Software in a report on Friday, May 1st. Finally, BMO Capital Markets increased 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 assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Paycom Software presently has an average rating of “Hold” and an average price target of $159.67.
Paycom Software Trading Up 1.6%
Shares of Paycom Software stock opened at $134.35 on Friday. Paycom Software, Inc. has a 12-month low of $104.90 and a 12-month high of $248.95. The company has a market cap of $6.40 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 1.15 and a beta of 0.79. 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 company’s 50-day moving average price is $131.34 and its 200-day moving average price is $138.73.
Paycom Software (NYSE:PAYC – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The software maker reported $3.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $0.16. Paycom Software had a net margin of 22.44% and a return on equity of 28.34%. The firm had revenue of $571.80 million for the quarter, compared to the consensus estimate of $564.37 million. During the same period in the prior year, the firm posted $2.80 earnings per share. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, equities analysts expect that Paycom Software, Inc. will post 9.16 earnings per share for the current fiscal year.
Paycom Software Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Tuesday, May 26th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a 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%.
Paycom Software Company 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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