Engineers Gate Manager LP Has $10.11 Million Holdings in Paycom Software, Inc. $PAYC

Engineers Gate Manager LP increased its position in Paycom Software, Inc. (NYSE:PAYC) by 52.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,419 shares of the software maker’s stock after acquiring an additional 27,644 shares during the quarter. Engineers Gate Manager LP’s holdings in Paycom Software were worth $10,107,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. CYBER HORNET ETFs LLC bought a new stake in Paycom Software during the second quarter valued at about $29,000. MUFG Securities EMEA plc bought a new position in shares of Paycom Software in the second quarter worth about $33,000. Brown Brothers Harriman & Co. increased its stake in shares of Paycom Software by 190.6% in the fourth quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker’s stock worth $25,000 after purchasing an additional 101 shares during the period. Palisade Asset Management LLC acquired a new position in shares of Paycom Software during the 3rd quarter worth about $33,000. Finally, Clearstead Advisors LLC lifted its position in shares of Paycom Software by 140.3% during the 4th quarter. Clearstead Advisors LLC now owns 161 shares of the software maker’s stock worth $26,000 after purchasing an additional 94 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Paycom Software Price Performance

Shares of PAYC stock opened at $216.11 on Friday. The stock has a 50 day moving average of $189.44 and a two-hundred day moving average of $150.42. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.57. Paycom Software, Inc. has a 12 month low of $104.90 and a 12 month high of $244.98. The company has a market capitalization of $9.74 billion, a P/E ratio of 22.97, a P/E/G ratio of 1.20 and a beta of 0.78.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, August 5th. The software maker reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.38 by $0.40. The company had revenue of $531.20 million for the quarter, compared to analyst estimates of $513.12 million. Paycom Software had a return on equity of 37.06% and a net margin of 22.78%.Paycom Software’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.06 EPS. As a group, equities analysts expect that Paycom Software, Inc. will post 10.65 EPS for the current year.

Paycom Software Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, August 24th. Paycom Software’s payout ratio is 15.94%.

Wall Street Analyst Weigh In

PAYC has been the topic of a number of research analyst reports. UBS Group raised their target price on Paycom Software from $205.00 to $285.00 and gave the company a “buy” rating in a report on Tuesday, September 1st. Wall Street Zen lowered Paycom Software from a “buy” rating to a “hold” rating in a report on Sunday, September 6th. Barclays increased their price objective on Paycom Software from $154.00 to $210.00 and gave the company an “equal weight” rating in a research report on Thursday, August 6th. Stifel Nicolaus boosted their target price on shares of Paycom Software from $120.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, August 6th. Finally, Cantor Fitzgerald upped their target price on shares of Paycom Software from $135.00 to $195.00 and gave the company a “neutral” rating in a research note 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 issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $214.23.

Insider Activity

In other news, insider Shane Hadlock sold 2,577 shares of the firm’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $237.60, for a total transaction of $612,295.20. Following the completion of the transaction, the insider directly owned 70,152 shares of the company’s stock, valued at approximately $16,668,115.20. This trade represents a 3.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 13.20% of the company’s stock.

Paycom Software Profile

Paycom Software, Inc is a provider of cloud-based payroll and human capital management (HCM) software for businesses. Its platform is designed to help organizations manage employee data and payroll processes through a unified system, serving small, midsize and larger employers primarily in the United States.

The company’s products and services include payroll processing, tax management, time and labor management, talent acquisition, onboarding, employee learning, performance management, compensation planning, benefits administration, expense management and compliance tools.