Marathon Asset Management Ltd Lowers Stake in Paycom Software, Inc. $PAYC

Marathon Asset Management Ltd reduced its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 17.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 222,413 shares of the software maker’s stock after selling 45,872 shares during the period. Paycom Software makes up 1.7% of Marathon Asset Management Ltd’s investment portfolio, making the stock its 24th biggest position. Marathon Asset Management Ltd owned about 0.38% of Paycom Software worth $46,293,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Applied Finance Capital Management LLC lifted its stake in Paycom Software by 4.3% during the second quarter. Applied Finance Capital Management LLC now owns 1,425 shares of the software maker’s stock worth $330,000 after purchasing an additional 59 shares during the last quarter. Wallace Advisory Group LLC increased its position in shares of Paycom Software by 2.7% during the 2nd quarter. Wallace Advisory Group LLC now owns 2,262 shares of the software maker’s stock valued at $494,000 after purchasing an additional 60 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its holdings in shares of Paycom Software by 1.0% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 6,421 shares of the software maker’s stock valued at $1,403,000 after buying an additional 64 shares in the last quarter. Angeles Wealth Management LLC lifted its position in Paycom Software by 5.0% in the 2nd quarter. Angeles Wealth Management LLC now owns 1,382 shares of the software maker’s stock worth $320,000 after buying an additional 66 shares during the last quarter. Finally, World Investment Advisors boosted its stake in Paycom Software by 5.1% in the second quarter. World Investment Advisors now owns 1,352 shares of the software maker’s stock worth $313,000 after buying an additional 66 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Paycom Software Trading Up 0.1%

PAYC stock opened at $160.49 on Monday. The firm’s 50-day moving average price is $171.26 and its two-hundred day moving average price is $205.03. Paycom Software, Inc. has a 12-month low of $156.50 and a 12-month high of $267.76. The stock has a market capitalization of $9.03 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 1.74 and a beta of 0.84.

Paycom Software (NYSE:PAYC) last posted its earnings results on Wednesday, November 5th. The software maker reported $1.94 earnings per share for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.02). Paycom Software had a return on equity of 24.79% and a net margin of 22.65%.The firm had revenue of $493.30 million for the quarter, compared to analysts’ expectations of $492.62 million. During the same quarter in the prior year, the company posted $1.67 earnings per share. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. Equities analysts predict that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, November 24th were given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Monday, November 24th. Paycom Software’s dividend payout ratio (DPR) is currently 18.66%.

Wall Street Analyst Weigh In

Several research analysts have commented on PAYC shares. KeyCorp decreased their price target on shares of Paycom Software from $290.00 to $250.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. UBS Group decreased their target price on shares of Paycom Software from $285.00 to $245.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Barclays lowered their price target on shares of Paycom Software from $225.00 to $210.00 and set an “equal weight” rating for the company in a research note on Thursday, November 6th. Citigroup reduced their price objective on Paycom Software from $191.00 to $185.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 23rd. Finally, Mizuho lowered their target price on Paycom Software from $220.00 to $180.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, Paycom Software presently has an average rating of “Hold” and an average price target of $221.00.

Insider Activity

In related news, CFO Robert D. Foster sold 1,300 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $162.66, for a total transaction of $211,458.00. Following the completion of the transaction, the chief financial officer owned 14,747 shares in the company, valued at $2,398,747.02. This represents a 8.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 10.90% of the company’s stock.

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.