Perbak Capital Partners LLP Acquires 4,295 Shares of Paycom Software, Inc. $PAYC

Perbak Capital Partners LLP raised its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 204.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,394 shares of the software maker’s stock after purchasing an additional 4,295 shares during the quarter. Perbak Capital Partners LLP’s holdings in Paycom Software were worth $1,331,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PAYC. Allianz Asset Management GmbH grew its holdings in shares of Paycom Software by 10,106.6% in the third quarter. Allianz Asset Management GmbH now owns 486,957 shares of the software maker’s stock worth $101,355,000 after purchasing an additional 482,186 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Paycom Software by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 5,802,788 shares of the software maker’s stock valued at $1,207,792,000 after buying an additional 179,218 shares in the last quarter. State Street Corp boosted its position in Paycom Software by 8.4% in the 2nd quarter. State Street Corp now owns 2,097,910 shares of the software maker’s stock valued at $485,456,000 after buying an additional 162,477 shares during the period. Baillie Gifford & Co. boosted its position in Paycom Software by 10.3% in the 3rd quarter. Baillie Gifford & Co. now owns 1,708,662 shares of the software maker’s stock valued at $355,641,000 after buying an additional 158,967 shares during the period. Finally, SG Americas Securities LLC grew its stake in Paycom Software by 5,691.0% in the 2nd quarter. SG Americas Securities LLC now owns 155,489 shares of the software maker’s stock worth $35,980,000 after acquiring an additional 152,804 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on PAYC shares. BTIG Research decreased their price target on shares of Paycom Software from $195.00 to $140.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. BMO Capital Markets dropped their price objective on Paycom Software from $175.00 to $137.00 and set a “market perform” rating on the stock in a research note on Thursday, February 12th. Jefferies Financial Group reduced their price objective on Paycom Software from $190.00 to $130.00 and set a “hold” rating on the stock in a report on Thursday, February 12th. Guggenheim decreased their target price on Paycom Software from $210.00 to $180.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Finally, KeyCorp lowered their target price on Paycom Software from $250.00 to $195.00 and set an “overweight” rating for the company in a report on Thursday, February 12th. Five investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $170.71.

Paycom Software Price Performance

PAYC opened at $125.70 on Friday. The firm has a market capitalization of $6.82 billion, a PE ratio of 15.54, a price-to-earnings-growth ratio of 1.33 and a beta of 0.80. The business’s 50-day moving average is $136.28 and its two-hundred day moving average is $170.30. Paycom Software, Inc. has a 1 year low of $104.90 and a 1 year high of $267.76.

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

Paycom Software Announces Dividend

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

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.