Virtu Financial LLC Invests $912,000 in Paycom Software, Inc. $PAYC

Virtu Financial LLC bought a new stake in shares of Paycom Software, Inc. (NYSE:PAYCFree Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,725 shares of the software maker’s stock, valued at approximately $912,000.

A number of other institutional investors have also recently made changes to their positions in the business. Mcguire Capital Advisors Inc. purchased a new position in Paycom Software in the fourth quarter worth about $95,000. Invesco Ltd. raised its position in Paycom Software by 28.2% during the fourth quarter. Invesco Ltd. now owns 1,559,682 shares of the software maker’s stock valued at $248,551,000 after purchasing an additional 343,494 shares during the period. Corient Private Wealth LLC raised its position in Paycom Software by 2,645.7% during the fourth quarter. Corient Private Wealth LLC now owns 122,650 shares of the software maker’s stock valued at $19,546,000 after purchasing an additional 118,183 shares during the period. Mercer Global Advisors Inc. ADV lifted its stake in shares of Paycom Software by 85.9% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 6,411 shares of the software maker’s stock valued at $1,022,000 after purchasing an additional 2,962 shares during the last quarter. Finally, Caitlin John LLC lifted its stake in shares of Paycom Software by 2,879.7% in the 4th quarter. Caitlin John LLC now owns 4,112 shares of the software maker’s stock valued at $655,000 after purchasing an additional 3,974 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PAYC shares. UBS Group cut their target price on Paycom Software from $210.00 to $183.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. BTIG Research raised their price target on Paycom Software from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Paycom Software in a research note on Friday, May 1st. BMO Capital Markets lifted their price objective on shares of Paycom Software from $137.00 to $145.00 and gave the stock a “market perform” rating in a research note on Thursday, May 7th. Finally, Zacks Research raised shares of Paycom Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $159.67.

View Our Latest Report on Paycom Software

Paycom Software Trading Down 0.2%

Shares of PAYC opened at $124.66 on Monday. Paycom Software, Inc. has a 1-year low of $104.90 and a 1-year high of $248.95. The company has a 50-day moving average of $131.85 and a 200 day moving average of $137.38. The firm has a market capitalization of $5.94 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 1.08 and a beta of 0.79. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.08 and a quick ratio of 1.08.

Paycom Software (NYSE:PAYCGet Free Report) last issued its earnings results on Wednesday, May 6th. The software maker reported $3.15 EPS for the quarter, topping analysts’ consensus estimates of $2.99 by $0.16. The business had revenue of $571.80 million for the quarter, compared to the consensus estimate of $564.37 million. Paycom Software had a net margin of 22.44% and a return on equity of 28.34%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.80 EPS. On average, research analysts expect that Paycom Software, Inc. will post 9.16 EPS for the current year.

Paycom Software Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Tuesday, May 26th were issued a $0.375 dividend. The ex-dividend date was Tuesday, May 26th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.2%. Paycom Software’s payout ratio is presently 17.34%.

About Paycom Software

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Paycom Software (NYSE:PAYC)

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