Swedbank AB Has $10.68 Million Holdings in Paycom Software, Inc. $PAYC

Swedbank AB cut its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 14.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,024 shares of the software maker’s stock after selling 11,700 shares during the quarter. Swedbank AB’s holdings in Paycom Software were worth $10,681,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. North Star Asset Management Inc. lifted its holdings in shares of Paycom Software by 23.9% during the fourth quarter. North Star Asset Management Inc. now owns 62,867 shares of the software maker’s stock worth $10,019,000 after buying an additional 12,108 shares during the last quarter. Associated Banc Corp lifted its holdings in shares of Paycom Software by 2.8% during the fourth quarter. Associated Banc Corp now owns 82,227 shares of the software maker’s stock worth $13,104,000 after buying an additional 2,262 shares during the last quarter. Advisory Alpha LLC lifted its holdings in shares of Paycom Software by 34.2% during the fourth quarter. Advisory Alpha LLC now owns 2,105 shares of the software maker’s stock worth $335,000 after buying an additional 537 shares during the last quarter. Evoke Wealth LLC lifted its holdings in shares of Paycom Software by 2.8% during the fourth quarter. Evoke Wealth LLC now owns 3,335 shares of the software maker’s stock worth $531,000 after buying an additional 90 shares during the last quarter. Finally, Keudell Morrison Wealth Management acquired a new position in shares of Paycom Software during the fourth quarter worth approximately $256,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Paycom Software Stock Performance

Shares of NYSE PAYC opened at $132.85 on Wednesday. The business has a fifty day simple moving average of $127.35 and a 200 day simple moving average of $140.97. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $6.33 billion, a price-to-earnings ratio of 15.36, a PEG ratio of 1.20 and a beta of 0.77. Paycom Software, Inc. has a one year low of $104.90 and a one year high of $267.76.

Paycom Software (NYSE:PAYC) last issued its earnings results on Wednesday, May 6th. The software maker reported $3.15 EPS for the quarter, beating analysts’ consensus estimates of $2.99 by $0.16. The business had revenue of $571.80 million during the quarter, compared to analyst estimates of $564.37 million. Paycom Software had a return on equity of 28.34% and a net margin of 22.44%.Paycom Software’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.80 earnings per share. Sell-side analysts expect that Paycom Software, Inc. will post 9.09 EPS for the current year.

Paycom Software Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Tuesday, May 26th will be paid 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 is Tuesday, May 26th. Paycom Software’s dividend payout ratio is presently 17.34%.

Analysts Set New Price Targets

PAYC has been the subject of a number of research analyst reports. BTIG Research upped their price target on Paycom Software from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Cantor Fitzgerald upped their price target on Paycom Software from $115.00 to $135.00 and gave the stock a “neutral” rating in a report on Friday, March 6th. Zacks Research upgraded Paycom Software from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Paycom Software in a report on Friday, May 1st. Finally, Jefferies Financial Group cut their price target on Paycom Software from $190.00 to $130.00 and set a “hold” rating for the company in a report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $159.67.

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.