Paycom Software, Inc. $PAYC Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in Paycom Software, Inc. (NYSE:PAYC) by 8.9% during the second quarter, HoldingsChannel.com reports. The fund owned 162,969 shares of the software maker’s stock after selling 15,940 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Paycom Software were worth $37,711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Baillie Gifford & Co. raised its stake in shares of Paycom Software by 1,918.4% during the first quarter. Baillie Gifford & Co. now owns 1,584,493 shares of the software maker’s stock worth $346,180,000 after purchasing an additional 1,505,990 shares during the last quarter. Alyeska Investment Group L.P. purchased a new stake in shares of Paycom Software in the first quarter valued at about $114,440,000. Jennison Associates LLC acquired a new position in shares of Paycom Software during the second quarter worth about $49,853,000. Nuveen LLC acquired a new stake in Paycom Software in the first quarter valued at about $26,177,000. Finally, Robeco Institutional Asset Management B.V. increased its position in Paycom Software by 322.7% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 122,394 shares of the software maker’s stock worth $28,322,000 after purchasing an additional 93,440 shares during the period. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Paycom Software

In other news, insider Bradley Scott Smith sold 1,500 shares of Paycom Software stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $223.27, for a total value of $334,905.00. Following the transaction, the insider directly owned 24,533 shares of the company’s stock, valued at $5,477,482.91. The trade was a 5.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 10.90% of the stock is currently owned by company insiders.

Paycom Software Price Performance

NYSE:PAYC opened at $164.43 on Friday. The firm has a market cap of $9.25 billion, a PE ratio of 20.45, a P/E/G ratio of 1.83 and a beta of 0.88. The firm has a 50 day simple moving average of $201.38 and a 200-day simple moving average of $224.68. Paycom Software, Inc. has a 1-year low of $156.50 and a 1-year high of $267.76.

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

Paycom Software Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 8th. Shareholders of record on Monday, November 24th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Monday, November 24th. Paycom Software’s payout ratio is 18.66%.

Analysts Set New Price Targets

A number of research firms recently weighed in on PAYC. JPMorgan Chase & Co. decreased their price target on Paycom Software from $235.00 to $220.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Barclays reduced their target price on Paycom Software from $225.00 to $210.00 and set an “equal weight” rating for the company in a report on Thursday, November 6th. Cantor Fitzgerald upgraded shares of Paycom Software to a “hold” rating in a research report on Thursday, September 11th. KeyCorp cut their price target on shares of Paycom Software from $290.00 to $250.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Paycom Software in a research note on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Paycom Software has a consensus rating of “Hold” and an average price target of $225.77.

Paycom Software Profile

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.