Glenview Trust Co Sells 4,901 Shares of Paycom Software, Inc. $PAYC

Glenview Trust Co lessened its stake in Paycom Software, Inc. (NYSE:PAYC) by 46.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,693 shares of the software maker’s stock after selling 4,901 shares during the period. Glenview Trust Co’s holdings in Paycom Software were worth $692,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. True Wealth Design LLC grew its stake in Paycom Software by 946.7% in the 4th quarter. True Wealth Design LLC now owns 157 shares of the software maker’s stock worth $25,000 after acquiring an additional 142 shares in the last quarter. Brown Brothers Harriman & Co. raised its stake in shares of Paycom Software by 190.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker’s stock valued at $25,000 after acquiring an additional 101 shares in the last quarter. Clearstead Advisors LLC raised its stake in shares of Paycom Software by 140.3% during the fourth quarter. Clearstead Advisors LLC now owns 161 shares of the software maker’s stock valued at $26,000 after acquiring an additional 94 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of Paycom Software in the second quarter valued at approximately $29,000. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Paycom Software in the second quarter valued at approximately $33,000. Institutional investors own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

PAYC has been the topic of several research reports. BMO Capital Markets raised their price objective on Paycom Software from $137.00 to $145.00 and gave the stock a “market perform” rating in a report on Thursday, May 7th. UBS Group dropped their price target on Paycom Software from $210.00 to $183.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. Citigroup raised their price target on Paycom Software from $120.00 to $136.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Barclays lifted their price objective on Paycom Software from $148.00 to $154.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, BTIG Research upped their price objective on shares of Paycom Software from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $159.75.

Paycom Software Stock Down 3.3%

Paycom Software stock opened at $139.40 on Thursday. The business has a fifty day moving average of $136.41 and a two-hundred day moving average of $133.27. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.83. The firm has a market cap of $6.64 billion, a P/E ratio of 16.12, a P/E/G ratio of 1.22 and a beta of 0.80. Paycom Software, Inc. has a twelve month low of $104.90 and a twelve month high of $248.95.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings results on Wednesday, May 6th. The software maker reported $3.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.99 by $0.16. The business had revenue of $571.80 million for the quarter, compared to the consensus estimate of $564.37 million. Paycom Software had a return on equity of 28.34% and a net margin of 22.44%.The business’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the business posted $2.80 EPS. On average, analysts forecast that Paycom Software, Inc. will post 9.37 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

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

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.