Paycom Software, Inc. $PAYC Shares Acquired by Inceptionr LLC

Inceptionr LLC boosted its holdings in Paycom Software, Inc. (NYSE:PAYC) by 190.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,999 shares of the software maker’s stock after acquiring an additional 4,592 shares during the period. Inceptionr LLC’s holdings in Paycom Software were worth $1,115,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT grew its position in shares of Paycom Software by 4,210.5% in the fourth quarter. Zions Bancorporation National Association UT now owns 819 shares of the software maker’s stock valued at $131,000 after purchasing an additional 800 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Paycom Software by 39.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 20,248 shares of the software maker’s stock worth $3,227,000 after purchasing an additional 5,712 shares during the last quarter. Deutsche Bank AG lifted its stake in Paycom Software by 38.9% in the 4th quarter. Deutsche Bank AG now owns 291,491 shares of the software maker’s stock valued at $46,452,000 after buying an additional 81,587 shares in the last quarter. Westerkirk Capital Inc. lifted its stake in Paycom Software by 30.0% in the 4th quarter. Westerkirk Capital Inc. now owns 1,300 shares of the software maker’s stock valued at $207,000 after buying an additional 300 shares in the last quarter. Finally, Syon Capital LLC grew its holdings in Paycom Software by 181.6% during the 4th quarter. Syon Capital LLC now owns 5,334 shares of the software maker’s stock valued at $850,000 after buying an additional 3,440 shares during the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on PAYC. 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. Mizuho increased their price objective on Paycom Software from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Zacks Research raised shares of Paycom Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. Weiss Ratings restated a “sell (d+)” rating on shares of Paycom Software in a report on Friday, May 1st. Finally, Guggenheim cut their price objective on shares of Paycom Software from $210.00 to $180.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $159.67.

Paycom Software Stock Up 0.7%

PAYC opened at $137.09 on Thursday. Paycom Software, Inc. has a 12 month low of $104.90 and a 12 month high of $255.46. The business has a 50-day moving average of $130.85 and a two-hundred day moving average of $138.97. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market capitalization of $6.53 billion, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of 1.18 and a beta of 0.79.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, May 6th. The software maker reported $3.15 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.16. Paycom Software had a net margin of 22.44% and a return on equity of 28.34%. The business had revenue of $571.80 million for the quarter, compared to analyst estimates of $564.37 million. During the same period in the prior year, the firm posted $2.80 EPS. The company’s revenue was up 7.8% on a year-over-year basis. On average, research analysts expect that Paycom Software, Inc. will post 9.16 earnings per share for the current year.

Paycom Software Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Tuesday, May 26th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, May 26th. Paycom Software’s dividend payout ratio (DPR) is 17.34%.

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.