United Capital Financial Advisors LLC purchased a new position in shares of Paycom Software, Inc. (NYSE:PAYC – Free Report) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 4,926 shares of the software maker’s stock, valued at approximately $619,000.
A number of other hedge funds have also recently modified their holdings of PAYC. CYBER HORNET ETFs LLC purchased a new stake in shares of Paycom Software in the 2nd quarter worth $29,000. MUFG Securities EMEA plc purchased a new position in Paycom Software during the second quarter valued at $33,000. Brown Brothers Harriman & Co. lifted 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 purchasing an additional 101 shares in the last quarter. Palisade Asset Management LLC bought a new stake in Paycom Software during the third quarter valued at about $33,000. Finally, Clearstead Advisors LLC grew its holdings in Paycom Software by 140.3% during the fourth quarter. Clearstead Advisors LLC now owns 161 shares of the software maker’s stock valued at $26,000 after purchasing an additional 94 shares during the period. Institutional investors own 87.77% of the company’s stock.
Paycom Software Stock Performance
Shares of NYSE PAYC opened at $239.06 on Tuesday. The company has a market cap of $10.77 billion, a P/E ratio of 25.40, a P/E/G ratio of 1.32 and a beta of 0.75. Paycom Software, Inc. has a 52-week low of $104.90 and a 52-week high of $242.50. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.07 and a current ratio of 1.07. The firm’s fifty day moving average is $173.53 and its two-hundred day moving average is $144.39.
Paycom Software Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.6%. The ex-dividend date is Monday, August 24th. Paycom Software’s dividend payout ratio (DPR) is currently 15.94%.
Analysts Set New Price Targets
Several research analysts have recently commented on the company. BTIG Research raised their price objective on Paycom Software from $160.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Guggenheim boosted their price objective on Paycom Software from $180.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. increased their target price on shares of Paycom Software from $140.00 to $264.00 and gave the stock a “neutral” rating in a report on Tuesday, August 25th. Barclays raised their target price on shares of Paycom Software from $154.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 6th. Finally, BMO Capital Markets lifted their price target on shares of Paycom Software from $145.00 to $208.00 and gave the company a “market perform” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $208.08.
Read Our Latest Report on Paycom Software
Insiders Place Their Bets
In other Paycom Software news, insider Terrell Shane Hadlock sold 2,577 shares of Paycom Software stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $237.60, for a total value of $612,295.20. Following the sale, the insider owned 70,152 shares of the company’s stock, valued at $16,668,115.20. The trade was a 3.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 13.20% of the stock is owned by corporate insiders.
About Paycom Software
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 Stories
- Five stocks we like better than Paycom Software
- Securing AI: 5 Most-Upgraded Stocks From the Q2 Reporting Season
- Insiders Are Betting Big on These 3 Healthcare Stocks
- 3 Stocks for Investors Who Still Believe Cash Is King
- Dollar General and Dollar Tree Are Recovering, But Not for the Same Reason
Want to see what other hedge funds are holding PAYC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Paycom Software, Inc. (NYSE:PAYC – Free Report).
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.
