Man Group plc acquired a new stake in shares of Paycom Software, Inc. (NYSE:PAYC – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 77,152 shares of the software maker’s stock, valued at approximately $9,696,000. Man Group plc owned 0.17% of Paycom Software at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Mackenzie Financial Corp lifted its stake in Paycom Software by 4.0% in the third quarter. Mackenzie Financial Corp now owns 1,624 shares of the software maker’s stock valued at $338,000 after buying an additional 63 shares during the last quarter. Boyd Watterson Asset Management LLC OH grew its position in shares of Paycom Software by 0.8% during the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 10,662 shares of the software maker’s stock worth $1,699,000 after acquiring an additional 86 shares during the last quarter. Lido Advisors LLC grew its position in shares of Paycom Software by 1.4% during the fourth quarter. Lido Advisors LLC now owns 6,286 shares of the software maker’s stock worth $1,081,000 after acquiring an additional 87 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Paycom Software by 2.2% in the 4th quarter. Janus Henderson Group PLC now owns 4,090 shares of the software maker’s stock worth $652,000 after acquiring an additional 88 shares during the period. Finally, Evoke Wealth LLC increased its holdings in shares of Paycom Software by 2.8% in the 4th quarter. Evoke Wealth LLC now owns 3,335 shares of the software maker’s stock worth $531,000 after acquiring an additional 90 shares during the period. 87.77% of the stock is currently owned by institutional investors.
Paycom Software Stock Performance
Shares of PAYC opened at $239.00 on Friday. The firm has a 50-day moving average price of $171.24 and a 200 day moving average price of $143.49. The firm has a market capitalization of $10.77 billion, a PE ratio of 25.40, a P/E/G ratio of 1.32 and a beta of 0.76. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.57. Paycom Software, Inc. has a 52-week low of $104.90 and a 52-week high of $242.50.
Paycom Software Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a $1.50 annualized dividend and a yield of 0.6%. Paycom Software’s payout ratio is presently 15.94%.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the stock. Weiss Ratings raised shares of Paycom Software from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Zacks Research upgraded shares of Paycom Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. Citigroup lifted their price target on Paycom Software from $136.00 to $194.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Barclays boosted their price objective on Paycom Software from $154.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 6th. Finally, BTIG Research increased their price objective on Paycom Software from $160.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $208.08.
Check Out Our Latest Report on Paycom Software
Paycom Software Company 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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