Intrinsic Value Partners LLC increased its position in Paycom Software, Inc. (NYSE:PAYC – Free Report) by 43.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,720 shares of the software maker’s stock after buying an additional 6,270 shares during the period. Paycom Software comprises 1.9% of Intrinsic Value Partners LLC’s portfolio, making the stock its 17th largest holding. Intrinsic Value Partners LLC’s holdings in Paycom Software were worth $2,518,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of PAYC. QRG Capital Management Inc. grew its stake in Paycom Software by 62.6% in the 1st quarter. QRG Capital Management Inc. now owns 2,466 shares of the software maker’s stock worth $300,000 after acquiring an additional 949 shares during the period. Lafayette Investments Inc. lifted its stake in shares of Paycom Software by 38.4% during the 1st quarter. Lafayette Investments Inc. now owns 45,308 shares of the software maker’s stock worth $5,507,000 after purchasing an additional 12,565 shares during the period. HB Wealth Management LLC purchased a new position in shares of Paycom Software during the 1st quarter worth $299,000. New York State Teachers Retirement System boosted its holdings in shares of Paycom Software by 0.6% during the first quarter. New York State Teachers Retirement System now owns 47,338 shares of the software maker’s stock worth $5,753,000 after purchasing an additional 298 shares during the last quarter. Finally, Optas LLC boosted its holdings in shares of Paycom Software by 10.4% during the first quarter. Optas LLC now owns 5,181 shares of the software maker’s stock worth $630,000 after purchasing an additional 487 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.
Paycom Software Trading Down 0.2%
Shares of PAYC opened at $138.88 on Monday. 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 firm has a market capitalization of $6.61 billion, a P/E ratio of 16.06, a price-to-earnings-growth ratio of 1.19 and a beta of 0.80. The stock’s fifty day simple moving average is $132.99 and its 200 day simple moving average is $134.92. Paycom Software, Inc. has a twelve month low of $104.90 and a twelve month high of $248.95.
Paycom Software Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th were issued a dividend of $0.375 per share. The ex-dividend date was Tuesday, May 26th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.1%. Paycom Software’s payout ratio is presently 17.34%.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on PAYC shares. BMO Capital Markets upped their target price on Paycom Software from $137.00 to $145.00 and gave the company a “market perform” rating in a research note on Thursday, May 7th. TD Cowen decreased their price target on Paycom Software from $154.00 to $149.00 and set a “buy” rating on the stock in a research note on Friday, June 26th. BTIG Research lifted their price target on Paycom Software from $140.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, May 7th. UBS Group dropped their price objective on shares of Paycom Software from $210.00 to $183.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. Finally, Mizuho increased their price objective on shares of Paycom Software from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $159.25.
Get Our Latest Analysis on PAYC
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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