Reinhart Partners LLC. boosted its position in Paycom Software, Inc. (NYSE:PAYC – Free Report) by 887.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 598,323 shares of the software maker’s stock after buying an additional 537,726 shares during the period. Paycom Software makes up 2.9% of Reinhart Partners LLC.’s holdings, making the stock its 13th biggest holding. Reinhart Partners LLC.’s holdings in Paycom Software were worth $95,351,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of PAYC. Brighton Jones LLC acquired a new position in Paycom Software in the fourth quarter valued at $638,000. AQR Capital Management LLC lifted its holdings in Paycom Software by 23.7% in the first quarter. AQR Capital Management LLC now owns 19,155 shares of the software maker’s stock valued at $4,136,000 after buying an additional 3,674 shares during the period. United Services Automobile Association acquired a new position in Paycom Software in the first quarter valued at $215,000. Empowered Funds LLC lifted its holdings in Paycom Software by 22.8% in the first quarter. Empowered Funds LLC now owns 7,958 shares of the software maker’s stock valued at $1,739,000 after buying an additional 1,480 shares during the period. Finally, Focus Partners Wealth lifted its holdings in Paycom Software by 220.8% in the first quarter. Focus Partners Wealth now owns 3,940 shares of the software maker’s stock valued at $861,000 after buying an additional 2,712 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.
Paycom Software Trading Down 3.1%
PAYC opened at $144.01 on Wednesday. Paycom Software, Inc. has a 1-year low of $104.90 and a 1-year high of $267.76. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.83. The company has a market cap of $6.86 billion, a P/E ratio of 16.65, a price-to-earnings-growth ratio of 1.29 and a beta of 0.79. The company has a fifty day moving average price of $128.55 and a two-hundred day moving average price of $140.22.
Paycom Software Dividend Announcement
The firm also recently announced 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 of this dividend is Tuesday, May 26th. This represents a $1.50 annualized dividend and a dividend yield of 1.0%. Paycom Software’s payout ratio is presently 17.34%.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on PAYC. Zacks Research upgraded shares of Paycom Software from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. Barclays dropped their target price on shares of Paycom Software from $150.00 to $148.00 and set an “equal weight” rating on the stock in a report on Thursday, May 7th. Guggenheim dropped their target price on shares of Paycom Software from $210.00 to $180.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. BTIG Research boosted their target price on shares of Paycom Software from $140.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, Citigroup boosted their target price on shares of Paycom Software from $120.00 to $136.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Paycom Software presently has an average rating of “Hold” and a consensus price target of $159.67.
View Our Latest Research Report on Paycom Software
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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