Campbell & CO Investment Adviser LLC Invests $1.02 Million in Paycom Software, Inc. $PAYC

Campbell & CO Investment Adviser LLC acquired a new position in shares of Paycom Software, Inc. (NYSE:PAYC) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,409 shares of the software maker’s stock, valued at approximately $1,020,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. SouthState Corp acquired a new position in Paycom Software in the 1st quarter worth about $27,000. S Bank Fund Management Ltd bought a new position in Paycom Software during the first quarter valued at approximately $37,000. Assetmark Inc. lifted its stake in Paycom Software by 651.9% in the second quarter. Assetmark Inc. now owns 203 shares of the software maker’s stock valued at $47,000 after acquiring an additional 176 shares during the last quarter. Brooklyn Investment Group grew its position in Paycom Software by 19.4% in the first quarter. Brooklyn Investment Group now owns 240 shares of the software maker’s stock worth $52,000 after acquiring an additional 39 shares in the last quarter. Finally, Putney Financial Group LLC grew its position in Paycom Software by 77.0% in the second quarter. Putney Financial Group LLC now owns 338 shares of the software maker’s stock worth $78,000 after acquiring an additional 147 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Insider Activity at Paycom Software

In related news, insider Bradley Scott Smith sold 1,500 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $223.27, for a total value of $334,905.00. Following the completion of the sale, the insider owned 24,533 shares in the company, valued at approximately $5,477,482.91. This trade represents a 5.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 10.90% of the company’s stock.

Paycom Software Stock Down 2.1%

Shares of PAYC stock opened at $166.83 on Thursday. Paycom Software, Inc. has a 12 month low of $156.50 and a 12 month high of $267.76. The firm has a market cap of $9.39 billion, a PE ratio of 20.75, a price-to-earnings-growth ratio of 1.86 and a beta of 0.88. The stock has a 50 day moving average of $202.58 and a 200-day moving average of $225.10.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, November 5th. The software maker reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.96 by ($0.02). The company had revenue of $493.30 million during the quarter, compared to analyst estimates of $492.62 million. Paycom Software had a return on equity of 24.79% and a net margin of 22.65%.The company’s revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.67 EPS. Paycom Software has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 8th. Stockholders of record on Monday, November 24th will be issued a dividend of $0.375 per share. The ex-dividend date is Monday, November 24th. This represents a $1.50 annualized dividend and a dividend yield of 0.9%. Paycom Software’s payout ratio is presently 18.66%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. UBS Group reduced their price objective on shares of Paycom Software from $285.00 to $245.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Guggenheim began coverage on Paycom Software in a report on Friday, September 26th. They set a “buy” rating and a $270.00 target price on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Paycom Software in a research note on Wednesday, October 8th. Jefferies Financial Group lowered their price objective on Paycom Software from $225.00 to $190.00 and set a “hold” rating on the stock in a report on Thursday, November 6th. Finally, TD Cowen reduced their target price on Paycom Software from $258.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Four equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Paycom Software currently has a consensus rating of “Hold” and an average price target of $225.77.

About Paycom Software

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.