Paycom Software, Inc. $PAYC Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lowered its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 41.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 7,058 shares of the software maker’s stock after selling 4,984 shares during the quarter. HighTower Advisors LLC’s holdings in Paycom Software were worth $1,125,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its position in Paycom Software by 7.6% during the 3rd quarter. UMB Bank n.a. now owns 789 shares of the software maker’s stock worth $164,000 after acquiring an additional 56 shares during the period. Mackenzie Financial Corp lifted its position in Paycom Software by 4.0% during the 3rd quarter. Mackenzie Financial Corp now owns 1,624 shares of the software maker’s stock worth $338,000 after acquiring an additional 63 shares during the period. Davis Investment Partners LLC lifted its position in Paycom Software by 2.3% during the 4th quarter. Davis Investment Partners LLC now owns 2,988 shares of the software maker’s stock worth $455,000 after acquiring an additional 68 shares during the period. Compound Planning Inc. lifted its position in Paycom Software by 2.9% during the 3rd quarter. Compound Planning Inc. now owns 2,899 shares of the software maker’s stock worth $603,000 after acquiring an additional 83 shares during the period. Finally, Boyd Watterson Asset Management LLC OH lifted its position in Paycom Software by 0.8% during the 3rd quarter. Boyd Watterson Asset Management LLC OH now owns 10,576 shares of the software maker’s stock worth $2,201,000 after acquiring an additional 84 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

PAYC has been the subject of several analyst reports. BTIG Research boosted their price objective on Paycom Software from $140.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Mizuho boosted their price objective on Paycom Software from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Guggenheim decreased their price objective on Paycom Software from $210.00 to $180.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Barclays decreased their price objective on Paycom Software from $150.00 to $148.00 and set an “equal weight” rating for the company in a report on Thursday, May 7th. Finally, Cantor Fitzgerald boosted their price objective on Paycom Software from $115.00 to $135.00 and gave the company a “neutral” rating in a report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Paycom Software has an average rating of “Hold” and an average target price of $159.67.

Paycom Software Price Performance

Shares of Paycom Software stock opened at $136.97 on Friday. Paycom Software, Inc. has a twelve month low of $104.90 and a twelve month high of $267.76. The business has a 50-day moving average price of $129.51 and a 200 day moving average price of $139.67. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.83. The firm has a market cap of $6.52 billion, a PE ratio of 15.83, a P/E/G ratio of 1.19 and a beta of 0.79.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings data on Wednesday, May 6th. The software maker reported $3.15 EPS for the quarter, topping the consensus estimate of $2.99 by $0.16. Paycom Software had a return on equity of 28.34% and a net margin of 22.44%.The company had revenue of $571.80 million during the quarter, compared to analyst estimates of $564.37 million. During the same period in the previous year, the business earned $2.80 EPS. Paycom Software’s quarterly revenue was up 7.8% on a year-over-year basis. Sell-side analysts predict that Paycom Software, Inc. will post 9.16 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Tuesday, May 26th. Paycom Software’s payout ratio is currently 17.34%.

Paycom Software 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.