Inceptionr LLC Reduces Position in Paycom Software, Inc. $PAYC

Inceptionr LLC decreased its holdings in Paycom Software, Inc. (NYSE:PAYC) by 64.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,407 shares of the software maker’s stock after selling 4,290 shares during the quarter. Inceptionr LLC’s holdings in Paycom Software were worth $501,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PAYC. Caitlin John LLC acquired a new position in shares of Paycom Software in the 3rd quarter valued at approximately $29,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Paycom Software during the second quarter worth approximately $29,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Paycom Software during the third quarter worth approximately $31,000. MUFG Securities EMEA plc bought a new stake in shares of Paycom Software in the second quarter worth $33,000. Finally, Bogart Wealth LLC increased its stake in shares of Paycom Software by 100.0% in the third quarter. Bogart Wealth LLC now owns 200 shares of the software maker’s stock worth $42,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Paycom Software Trading Down 4.5%

Shares of NYSE PAYC opened at $131.98 on Wednesday. Paycom Software, Inc. has a 12-month low of $104.90 and a 12-month high of $267.76. The company has a market cap of $7.16 billion, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 1.46 and a beta of 0.80. The stock’s 50 day simple moving average is $138.05 and its 200 day simple moving average is $171.63.

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

Paycom Software Dividend Announcement

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 issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, March 9th. Paycom Software’s dividend payout ratio (DPR) is 18.54%.

Analysts Set New Price Targets

PAYC has been the topic of a number of research analyst reports. UBS Group reduced their price objective on shares of Paycom Software from $245.00 to $210.00 and set a “buy” rating on the stock in a research note on Monday, January 26th. KeyCorp dropped their target price on shares of Paycom Software from $250.00 to $195.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. BTIG Research cut their target price on shares of Paycom Software from $195.00 to $140.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Barclays increased their price target on shares of Paycom Software from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Friday, March 6th. Finally, Guggenheim decreased their price target on Paycom Software from $210.00 to $180.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Five equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $170.71.

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.