Odyssean LLC Raises Holdings in Paycom Software, Inc. $PAYC

Odyssean LLC boosted its position in Paycom Software, Inc. (NYSE:PAYC) by 101.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,099 shares of the software maker’s stock after purchasing an additional 11,143 shares during the quarter. Odyssean LLC’s holdings in Paycom Software were worth $2,777,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC acquired a new stake in shares of Paycom Software in the second quarter valued at about $29,000. MUFG Securities EMEA plc acquired a new position in Paycom Software during the second quarter worth about $33,000. Brown Brothers Harriman & Co. boosted its position in Paycom Software by 190.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker’s stock worth $25,000 after acquiring an additional 101 shares during the last quarter. Palisade Asset Management LLC purchased a new stake in Paycom Software during the 3rd quarter valued at about $33,000. Finally, Clearstead Advisors LLC grew its stake in Paycom Software by 140.3% during the 4th 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. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on PAYC shares. KeyCorp increased their price target on Paycom Software from $195.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. TD Cowen boosted their price objective on Paycom Software from $149.00 to $244.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Cantor Fitzgerald upped their target price on Paycom Software from $135.00 to $195.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. UBS Group raised their target price on Paycom Software from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Barclays lifted their price target on Paycom Software from $154.00 to $210.00 and gave the stock an “equal weight” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $208.08.

Paycom Software Stock Performance

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

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Wednesday, August 5th. The software maker reported $2.78 EPS for the quarter, beating the consensus estimate of $2.38 by $0.40. Paycom Software had a net margin of 22.78% and a return on equity of 37.06%. The firm had revenue of $531.20 million for the quarter, compared to analyst estimates of $513.12 million. During the same quarter in the previous year, the company earned $2.06 EPS. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. On average, analysts expect that Paycom Software, Inc. will post 10.48 EPS for the current year.

Paycom Software Dividend Announcement

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 paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a $1.50 annualized dividend and a yield of 0.6%. Paycom Software’s dividend payout ratio (DPR) is 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.