Montanaro Asset Management Ltd Sells 13,000 Shares of Paycom Software, Inc. $PAYC

Montanaro Asset Management Ltd lessened its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 20.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 50,500 shares of the software maker’s stock after selling 13,000 shares during the quarter. Paycom Software accounts for about 2.2% of Montanaro Asset Management Ltd’s portfolio, making the stock its 23rd largest position. Montanaro Asset Management Ltd’s holdings in Paycom Software were worth $8,048,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Reinhart Partners LLC. lifted its stake in shares of Paycom Software by 887.4% during the 4th quarter. Reinhart Partners LLC. now owns 598,323 shares of the software maker’s stock worth $95,351,000 after acquiring an additional 537,726 shares during the last quarter. Contour Asset Management LLC bought a new position in Paycom Software in the 4th quarter valued at $60,333,000. Two Sigma Investments LP grew its position in Paycom Software by 228.7% in the 3rd quarter. Two Sigma Investments LP now owns 532,124 shares of the software maker’s stock valued at $110,756,000 after acquiring an additional 370,219 shares during the last quarter. Invesco Ltd. increased its stake in Paycom Software by 28.2% in the fourth quarter. Invesco Ltd. now owns 1,559,682 shares of the software maker’s stock worth $248,551,000 after purchasing an additional 343,494 shares during the period. Finally, River Road Asset Management LLC increased its stake in Paycom Software by 481.9% in the fourth quarter. River Road Asset Management LLC now owns 392,403 shares of the software maker’s stock worth $62,533,000 after purchasing an additional 324,970 shares during the period. Institutional investors own 87.77% of the company’s stock.

Paycom Software Price Performance

Shares of PAYC stock opened at $124.66 on Friday. Paycom Software, Inc. has a twelve month low of $104.90 and a twelve month high of $248.95. The stock has a market capitalization of $5.94 billion, a price-to-earnings ratio of 14.41, a P/E/G ratio of 1.08 and a beta of 0.79. The stock has a fifty day simple moving average of $131.85 and a two-hundred day simple moving average of $137.55. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.83.

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

Paycom Software Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Tuesday, May 26th were paid a $0.375 dividend. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $1.50 dividend on an annualized basis and a yield of 1.2%. Paycom Software’s dividend payout ratio is 17.34%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PAYC. Cantor Fitzgerald boosted their target price on shares of Paycom Software from $115.00 to $135.00 and gave the company a “neutral” rating in a research note on Friday, March 6th. BMO Capital Markets raised their price target on shares of Paycom Software from $137.00 to $145.00 and gave the stock a “market perform” rating in a research note on Thursday, May 7th. BTIG Research lifted their price objective on shares of Paycom Software from $140.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Citigroup boosted their price objective on shares of Paycom Software from $120.00 to $136.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Finally, Barclays dropped their target price on shares of Paycom Software from $150.00 to $148.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $159.67.

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.