Sanctuary Advisors LLC bought a new stake in Paycom Software, Inc. (NYSE:PAYC – Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 21,107 shares of the software maker’s stock, valued at approximately $2,653,000.
Several other large investors have also recently made changes to their positions in the company. Brown Brothers Harriman & Co. grew its position in Paycom Software by 190.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker’s stock valued at $25,000 after buying an additional 101 shares during the period. Clearstead Advisors LLC raised its position in shares of Paycom Software by 140.3% in the fourth quarter. Clearstead Advisors LLC now owns 161 shares of the software maker’s stock worth $26,000 after acquiring an additional 94 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in shares of Paycom Software during the 2nd quarter worth about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Paycom Software during the 2nd quarter worth about $33,000. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Paycom Software during the 2nd quarter valued at about $33,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several analysts have commented on PAYC shares. Zacks Research raised Paycom Software from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. BTIG Research increased their target price on Paycom Software from $160.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Weiss Ratings raised shares of Paycom Software from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. KeyCorp boosted their price target on shares of Paycom Software from $195.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Finally, Mizuho upped their price objective 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. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $208.08.
Paycom Software Price Performance
NYSE:PAYC opened at $231.80 on Wednesday. Paycom Software, Inc. has a 12 month low of $104.90 and a 12 month high of $233.46. The stock has a 50 day moving average of $164.53 and a two-hundred day moving average of $141.35. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.57. The firm has a market cap of $10.45 billion, a P/E ratio of 24.63, a price-to-earnings-growth ratio of 1.30 and a beta of 0.76.
Paycom Software (NYSE:PAYC – Get Free Report) last released its earnings results on Wednesday, August 5th. The software maker reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.40. The business had revenue of $531.20 million for the quarter, compared to the consensus estimate of $513.12 million. Paycom Software had a return on equity of 37.06% and a net margin of 22.78%.The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.06 earnings per share. On average, analysts expect that Paycom Software, Inc. will post 10.48 earnings per share for the current fiscal year.
Paycom Software Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th will be issued a $0.375 dividend. The ex-dividend date is Monday, August 24th. This represents a $1.50 dividend on an annualized basis and a yield of 0.6%. Paycom Software’s dividend payout ratio (DPR) is presently 15.94%.
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.
Featured Articles
- Five stocks we like better than Paycom Software
- Pathward’s Credit Scare Tests Its Comeback Story
- Wiring the AI Boom: Rumble’s $13.7B Pivot
- StoneX: Too Far Too Fast?
- DICK’s Sporting Goods Faces Pain Now for a Bigger Prize
Receive News & Ratings for Paycom Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paycom Software and related companies with MarketBeat.com's FREE daily email newsletter.
