Todd Asset Management LLC Invests $21.28 Million in Paycom Software, Inc. $PAYC

Todd Asset Management LLC purchased a new position in shares of Paycom Software, Inc. (NYSE:PAYC) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 102,243 shares of the software maker’s stock, valued at approximately $21,281,000.

Several other institutional investors also recently bought and sold shares of PAYC. CYBER HORNET ETFs LLC purchased a new stake in shares of Paycom Software in the second quarter valued at about $29,000. Steigerwald Gordon & Koch Inc. purchased a new position in Paycom Software during the third quarter worth about $31,000. MUFG Securities EMEA plc acquired a new stake in Paycom Software in the second quarter valued at about $33,000. Bogart Wealth LLC increased its position in Paycom Software by 100.0% during the 3rd quarter. Bogart Wealth LLC now owns 200 shares of the software maker’s stock worth $42,000 after purchasing an additional 100 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of Paycom Software by 540.6% during the 3rd quarter. Blue Trust Inc. now owns 205 shares of the software maker’s stock worth $43,000 after buying an additional 173 shares in the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PAYC has been the topic of a number of analyst reports. TD Cowen decreased their price target on Paycom Software from $200.00 to $184.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Barclays reduced their target price on Paycom Software from $185.00 to $140.00 and set an “equal weight” rating for the company in a report on Thursday, February 12th. JPMorgan Chase & Co. cut their price target on shares of Paycom Software from $235.00 to $220.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Jefferies Financial Group reduced their price objective on shares of Paycom Software from $190.00 to $130.00 and set a “hold” rating for the company in a research note on Thursday, February 12th. Finally, Zacks Research lowered shares of Paycom Software from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $168.57.

Insider Transactions at Paycom Software

In other Paycom Software news, CFO Robert D. Foster sold 1,300 shares of the stock in a transaction 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 transaction, the chief financial officer owned 14,747 shares of the company’s stock, valued at $2,398,747.02. This represents a 8.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 10.90% of the company’s stock.

Paycom Software Trading Up 4.8%

Shares of PAYC opened at $125.56 on Tuesday. Paycom Software, Inc. has a 12-month low of $104.90 and a 12-month high of $267.76. The stock has a market cap of $7.07 billion, a P/E ratio of 15.52, a PEG ratio of 1.40 and a beta of 0.79. The company has a 50-day moving average of $149.45 and a two-hundred day moving average of $182.61.

Paycom Software (NYSE:PAYC) last announced its earnings results on Wednesday, February 11th. The software maker reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.01. The firm had revenue of $544.30 million for the quarter, compared to analysts’ expectations of $542.79 million. Paycom Software had a return on equity of 24.25% and a net margin of 22.10%.Paycom Software’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.32 EPS. As a group, analysts forecast that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Monday, March 9th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $1.50 annualized dividend and a dividend yield of 1.2%. Paycom Software’s dividend payout ratio is presently 18.54%.

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.