GSA Capital Partners LLP bought a new position in shares of Paycom Software, Inc. (NYSE:PAYC – Free Report) during the fourth quarter, Holdings Channel reports. The firm bought 6,386 shares of the software maker’s stock, valued at approximately $1,018,000.
Other hedge funds also recently made changes to their positions in the company. True Wealth Design LLC raised its stake in shares of Paycom Software by 946.7% during the 4th quarter. True Wealth Design LLC now owns 157 shares of the software maker’s stock worth $25,000 after purchasing an additional 142 shares during the period. Caitlin John LLC bought a new stake in Paycom Software in the 3rd quarter valued at about $29,000. CYBER HORNET ETFs LLC bought a new stake in Paycom Software in the 2nd quarter valued at about $29,000. MUFG Securities EMEA plc bought a new stake in Paycom Software in the 2nd quarter valued at about $33,000. Finally, Palisade Asset Management LLC bought a new stake in Paycom Software in the 3rd quarter valued at about $33,000. 87.77% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on PAYC shares. TD Cowen boosted their price objective on Paycom Software from $148.00 to $154.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. KeyCorp lowered their price objective on Paycom Software from $250.00 to $195.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. Zacks Research upgraded Paycom Software from a “hold” rating to a “strong-buy” rating in a research note on Monday. Jefferies Financial Group lowered their price objective on Paycom Software from $190.00 to $130.00 and set a “hold” rating on the stock in a research note on Thursday, February 12th. Finally, BTIG Research boosted their price objective on Paycom Software from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $159.67.
Paycom Software Trading Down 2.7%
Shares of PAYC opened at $134.19 on Friday. The business’s 50-day moving average price is $126.83 and its 200-day moving average price is $141.97. Paycom Software, Inc. has a twelve month low of $104.90 and a twelve month high of $267.76. The stock has a market cap of $6.39 billion, a PE ratio of 15.51, a P/E/G ratio of 1.21 and a beta of 0.77. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.83.
Paycom Software (NYSE:PAYC – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The software maker reported $3.15 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.16. Paycom Software had a return on equity of 28.34% and a net margin of 22.44%.The firm had revenue of $571.80 million for the quarter, compared to analysts’ expectations of $564.37 million. During the same period in the prior year, the business posted $2.80 earnings per share. The company’s revenue was up 7.8% on a year-over-year basis. On average, equities analysts forecast that Paycom Software, Inc. will post 9.09 EPS for the current fiscal year.
Paycom Software Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th will be given a dividend of $0.375 per share. The ex-dividend date is Tuesday, May 26th. This represents a $1.50 annualized dividend and a dividend yield of 1.1%. Paycom Software’s dividend payout ratio is currently 17.34%.
Paycom Software 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.
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