Ieq Capital LLC Purchases New Holdings in Paycom Software, Inc. $PAYC

Ieq Capital LLC acquired a new position in Paycom Software, Inc. (NYSE:PAYC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,425 shares of the software maker’s stock, valued at approximately $305,000.

A number of other institutional investors have also recently bought and sold shares of the business. Brown Brothers Harriman & Co. boosted its holdings in shares of Paycom Software by 190.6% in the 4th quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker’s stock worth $25,000 after buying an additional 101 shares during the last quarter. Clearstead Advisors LLC increased its holdings in Paycom Software by 140.3% during the fourth quarter. Clearstead Advisors LLC now owns 161 shares of the software maker’s stock worth $26,000 after buying an additional 94 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in Paycom Software in the second quarter worth about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Paycom Software in the second quarter worth about $33,000. Finally, MUFG Securities EMEA plc purchased a new position in Paycom Software in the second quarter valued at about $33,000. Institutional investors own 87.77% of the company’s stock.

Paycom Software Price Performance

Shares of NYSE PAYC opened at $239.00 on Friday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.07 and a current ratio of 1.07. Paycom Software, Inc. has a fifty-two week low of $104.90 and a fifty-two week high of $242.50. The stock has a market cap of $10.77 billion, a PE ratio of 25.40, a price-to-earnings-growth ratio of 1.32 and a beta of 0.76. The stock has a fifty day moving average of $171.24 and a 200-day moving average of $143.49.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Wednesday, August 5th. The software maker reported $2.78 earnings per share (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 business had revenue of $531.20 million for the quarter, compared to analysts’ expectations of $513.12 million. During the same quarter in the prior year, the firm posted $2.06 EPS. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. Equities research analysts anticipate that Paycom Software, Inc. will post 10.65 earnings per share for the current year.

Paycom Software Dividend Announcement

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

Analyst Upgrades and Downgrades

PAYC has been the topic of a number of research reports. TD Cowen lifted their price target on shares of Paycom Software from $149.00 to $244.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Wall Street Zen raised Paycom Software from a “hold” rating to a “buy” rating in a research report on Saturday. Mizuho increased their price target on Paycom Software from $120.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Citigroup boosted their price objective on Paycom Software from $136.00 to $194.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Finally, BMO Capital Markets increased their target price on shares of Paycom Software from $145.00 to $208.00 and gave the stock a “market perform” rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Paycom Software presently has an average rating of “Hold” and an average target price of $208.08.

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.