Jupiter Asset Management Ltd. Lowers Stock Position in Paycom Software, Inc. $PAYC

Jupiter Asset Management Ltd. trimmed its holdings in Paycom Software, Inc. (NYSE:PAYC) by 15.5% during the third quarter, HoldingsChannel.com reports. The fund owned 51,253 shares of the software maker’s stock after selling 9,394 shares during the period. Jupiter Asset Management Ltd.’s holdings in Paycom Software were worth $10,668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of PAYC. Clear Creek Financial Management LLC grew its position in Paycom Software by 131.0% during the 3rd quarter. Clear Creek Financial Management LLC now owns 2,910 shares of the software maker’s stock worth $606,000 after purchasing an additional 1,650 shares during the last quarter. Syon Capital LLC boosted its stake in shares of Paycom Software by 25.7% during the third quarter. Syon Capital LLC now owns 1,894 shares of the software maker’s stock worth $394,000 after buying an additional 387 shares during the period. First National Bank of Omaha purchased a new position in shares of Paycom Software during the third quarter worth about $2,517,000. Vanguard Group Inc. increased its position in Paycom Software by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 5,802,788 shares of the software maker’s stock valued at $1,207,792,000 after acquiring an additional 179,218 shares during the period. Finally, Phillips Wealth Planners LLC raised its stake in Paycom Software by 31.8% during the 3rd quarter. Phillips Wealth Planners LLC now owns 1,760 shares of the software maker’s stock valued at $352,000 after acquiring an additional 425 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Insider Transactions at Paycom Software

In other Paycom Software news, CFO Robert D. Foster sold 1,300 shares of the business’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $162.66, for a total transaction of $211,458.00. Following the sale, the chief financial officer directly owned 14,747 shares in the company, valued at approximately $2,398,747.02. The trade was a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 10.90% of the company’s stock.

Paycom Software Stock Performance

Shares of NYSE PAYC opened at $114.82 on Friday. Paycom Software, Inc. has a one year low of $104.90 and a one year high of $267.76. The firm has a market capitalization of $6.46 billion, a P/E ratio of 14.19, a PEG ratio of 1.32 and a beta of 0.79. The company’s fifty day moving average is $145.91 and its two-hundred day moving average is $180.25.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, February 11th. The software maker reported $2.45 EPS for the quarter, beating the consensus estimate of $2.44 by $0.01. Paycom Software had a net margin of 22.10% and a return on equity of 24.25%. The firm had revenue of $544.30 million during the quarter, compared to analysts’ expectations of $542.79 million. During the same quarter last year, the business earned $2.32 earnings per share. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, sell-side analysts forecast that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Monday, March 9th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, March 9th. Paycom Software’s dividend payout ratio (DPR) is presently 18.54%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. BMO Capital Markets lowered their target price on Paycom Software from $175.00 to $137.00 and set a “market perform” rating on the stock in a research note on Thursday, February 12th. UBS Group lowered their price objective on shares of Paycom Software from $245.00 to $210.00 and set a “buy” rating on the stock in a research report on Monday, January 26th. Mizuho dropped their price objective on shares of Paycom Software from $180.00 to $120.00 and set a “neutral” rating on the stock in a research note on Thursday, February 12th. JPMorgan Chase & Co. reduced their target price on shares of Paycom Software from $235.00 to $220.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Finally, BTIG Research dropped their price target on shares of Paycom Software from $195.00 to $140.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Five equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $168.57.

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.