EP Wealth Advisors LLC Invests $333,000 in Paycom Software, Inc. $PAYC

EP Wealth Advisors LLC purchased a new stake in shares of Paycom Software, Inc. (NYSE:PAYC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,651 shares of the software maker’s stock, valued at approximately $333,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PAYC. BlackRock Inc. purchased a new stake in shares of Paycom Software during the second quarter worth about $632,460,000. State Street Corp lifted its position in Paycom Software by 0.4% during the fourth quarter. State Street Corp now owns 2,165,546 shares of the software maker’s stock valued at $345,101,000 after purchasing an additional 8,419 shares during the period. First Trust Advisors LP boosted its holdings in Paycom Software by 19.9% in the fourth quarter. First Trust Advisors LP now owns 1,665,529 shares of the software maker’s stock valued at $265,419,000 after purchasing an additional 275,954 shares during the last quarter. Invesco Ltd. boosted its holdings in Paycom Software by 28.2% in the fourth quarter. Invesco Ltd. now owns 1,559,682 shares of the software maker’s stock valued at $248,551,000 after purchasing an additional 343,494 shares during the last quarter. Finally, Reinhart Partners LLC. raised its stake in shares of Paycom Software by 20.1% during the 2nd quarter. Reinhart Partners LLC. now owns 1,219,906 shares of the software maker’s stock valued at $153,320,000 after buying an additional 204,191 shares during the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on PAYC shares. Cantor Fitzgerald upped their target price on Paycom Software from $135.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Guggenheim boosted their price target on Paycom Software from $180.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Weiss Ratings raised shares of Paycom Software from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Zacks Research upgraded Paycom Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. Finally, Citigroup upped their price objective on shares of Paycom Software from $136.00 to $194.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $208.08.

Paycom Software Price Performance

PAYC stock opened at $231.80 on Wednesday. Paycom Software, Inc. has a 1 year low of $104.90 and a 1 year high of $233.46. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $10.45 billion, a PE ratio of 24.63, a price-to-earnings-growth ratio of 1.30 and a beta of 0.76. The business has a 50 day simple moving average of $164.53 and a 200-day simple moving average of $141.35.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, August 5th. The software maker reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.40. Paycom Software had a return on equity of 37.06% and a net margin of 22.78%.The firm had revenue of $531.20 million for the quarter, compared to the consensus estimate of $513.12 million. During the same quarter last year, the business posted $2.06 earnings per share. The firm’s revenue was up 9.8% compared to the same quarter last year. Equities research analysts anticipate that Paycom Software, Inc. will post 10.48 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th will be given a $0.375 dividend. The ex-dividend date is Monday, August 24th. This represents a $1.50 dividend on an annualized basis and a yield of 0.6%. Paycom Software’s payout ratio is currently 15.94%.

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.