Hsbc Holdings PLC Acquires 19,937 Shares of Paycom Software, Inc. $PAYC

Hsbc Holdings PLC boosted its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 25.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 98,103 shares of the software maker’s stock after purchasing an additional 19,937 shares during the quarter. Hsbc Holdings PLC’s holdings in Paycom Software were worth $15,651,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in PAYC. Reinhart Partners LLC. boosted its stake in Paycom Software by 887.4% in the 4th quarter. Reinhart Partners LLC. now owns 598,323 shares of the software maker’s stock worth $95,351,000 after purchasing an additional 537,726 shares during the period. Contour Asset Management LLC bought a new stake in shares of Paycom Software during the fourth quarter valued at approximately $60,333,000. Two Sigma Investments LP lifted its holdings in shares of Paycom Software by 228.7% in the third quarter. Two Sigma Investments LP now owns 532,124 shares of the software maker’s stock worth $110,756,000 after buying an additional 370,219 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of 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 buying an additional 343,494 shares in the last quarter. Finally, River Road Asset Management LLC lifted its holdings in shares of 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 buying an additional 324,970 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on PAYC shares. Citigroup raised their target price on shares of Paycom Software from $120.00 to $136.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Paycom Software in a research note on Friday, May 1st. Cantor Fitzgerald increased their price objective on shares of Paycom Software from $115.00 to $135.00 and gave the company a “neutral” rating in a report on Friday, March 6th. UBS Group cut their price objective on Paycom Software from $210.00 to $183.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. Finally, Mizuho lifted their target price on Paycom Software from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. One research 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. According to data from MarketBeat, Paycom Software has a consensus rating of “Hold” and an average price target of $159.67.

Paycom Software Trading Down 2.2%

PAYC opened at $124.36 on Friday. The stock has a 50-day moving average of $132.50 and a 200 day moving average of $136.27. 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, Inc. has a 12 month low of $104.90 and a 12 month high of $248.95. The firm has a market cap of $5.92 billion, a P/E ratio of 14.38, a P/E/G ratio of 1.10 and a beta of 0.79.

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

Paycom Software Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $1.50 annualized dividend and a dividend yield of 1.2%. Paycom Software’s payout ratio is currently 17.34%.

About Paycom Software

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.