Lombard Odier Asset Management Europe Ltd reduced its holdings in shares of Paycom Software, Inc. (NYSE:PAYC – Free Report) by 27.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,000 shares of the software maker’s stock after selling 3,750 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Paycom Software were worth $1,215,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC acquired a new position in Paycom Software in the 4th quarter worth $638,000. AQR Capital Management LLC grew its stake in shares of Paycom Software by 23.7% during the first quarter. AQR Capital Management LLC now owns 19,155 shares of the software maker’s stock valued at $4,136,000 after acquiring an additional 3,674 shares in the last quarter. United Services Automobile Association acquired a new stake in shares of Paycom Software during the first quarter valued at about $215,000. Empowered Funds LLC increased its position in shares of Paycom Software by 22.8% during the first quarter. Empowered Funds LLC now owns 7,958 shares of the software maker’s stock worth $1,739,000 after acquiring an additional 1,480 shares during the last quarter. Finally, Focus Partners Wealth lifted its stake in shares of Paycom Software by 220.8% in the first quarter. Focus Partners Wealth now owns 3,940 shares of the software maker’s stock worth $861,000 after acquiring an additional 2,712 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on PAYC shares. Barclays upped their target price on Paycom Software from $148.00 to $154.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 21st. Citigroup raised their price objective on shares of Paycom Software from $120.00 to $136.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. BTIG Research upped their target price on shares of Paycom Software from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. TD Cowen lowered their price objective on Paycom Software from $154.00 to $149.00 and set a “buy” rating for the company in a report on Friday, June 26th. Finally, Zacks Research raised Paycom Software from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $159.75.
Paycom Software Trading Up 0.2%
Shares of PAYC stock opened at $145.71 on Monday. Paycom Software, Inc. has a 1 year low of $104.90 and a 1 year high of $248.95. The firm has a market capitalization of $6.94 billion, a PE ratio of 16.84, a price-to-earnings-growth ratio of 1.23 and a beta of 0.80. The stock has a fifty day moving average of $136.71 and a two-hundred day moving average of $133.12. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.08 and a current ratio of 1.08.
Paycom Software (NYSE:PAYC – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The software maker reported $3.15 EPS for the quarter, beating analysts’ consensus estimates of $2.99 by $0.16. Paycom Software had a net margin of 22.44% and a return on equity of 28.34%. The business had revenue of $571.80 million for the quarter, compared to analyst estimates of $564.37 million. During the same quarter last year, the business earned $2.80 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, research analysts expect that Paycom Software, Inc. will post 9.37 EPS for the current year.
Paycom Software Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Tuesday, May 26th were given a $0.375 dividend. The ex-dividend date was Tuesday, May 26th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.0%. Paycom Software’s dividend payout ratio (DPR) is 17.34%.
About Paycom Software
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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