Associated Banc Corp Has $7.61 Million Holdings in Paycom Software, Inc. $PAYC

Associated Banc Corp decreased its holdings in Paycom Software, Inc. (NYSE:PAYC) by 23.9% during the 1st quarter, Holdings Channel.com reports. The fund owned 62,573 shares of the software maker’s stock after selling 19,654 shares during the quarter. Associated Banc Corp’s holdings in Paycom Software were worth $7,605,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. True Wealth Design LLC raised its stake in shares of Paycom Software by 946.7% in the fourth quarter. True Wealth Design LLC now owns 157 shares of the software maker’s stock worth $25,000 after purchasing an additional 142 shares during the last quarter. Brown Brothers Harriman & Co. boosted its position in shares of Paycom Software by 190.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker’s stock valued at $25,000 after buying an additional 101 shares during the last quarter. Clearstead Advisors LLC grew its holdings in Paycom Software by 140.3% during the fourth quarter. Clearstead Advisors LLC now owns 161 shares of the software maker’s stock worth $26,000 after buying an additional 94 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in Paycom Software in the 2nd quarter valued at $29,000. Finally, MUFG Securities EMEA plc purchased a new stake in Paycom Software in the 2nd quarter valued at $33,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Paycom Software Stock Performance

Shares of Paycom Software stock traded down $0.40 during trading hours on Friday, hitting $139.16. 560,175 shares of the company’s stock traded hands, compared to its average volume of 1,061,893. Paycom Software, Inc. has a 12-month low of $104.90 and a 12-month high of $248.95. The stock has a market capitalization of $6.63 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 1.19 and a beta of 0.80. The company has a fifty day simple moving average of $134.48 and a 200-day simple moving average of $134.29. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.08 and a quick ratio of 1.08.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Wednesday, May 6th. The software maker reported $3.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.16. The company had revenue of $571.80 million for the quarter, compared to the consensus estimate of $564.37 million. Paycom Software had a net margin of 22.44% and a return on equity of 28.34%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.80 EPS. Equities research analysts anticipate that Paycom Software, Inc. will post 9.32 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Tuesday, May 26th. Paycom Software’s payout ratio is presently 17.34%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. UBS Group cut their price objective on shares of Paycom Software from $210.00 to $183.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. Weiss Ratings reissued a “sell (d+)” rating on shares of Paycom Software in a research report on Friday, May 1st. BMO Capital Markets boosted their price target on shares of Paycom Software from $137.00 to $145.00 and gave the stock a “market perform” rating in a report on Thursday, May 7th. Mizuho upped their price objective on shares of Paycom Software from $120.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Citigroup increased their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Paycom Software presently has a consensus rating of “Hold” and an average price target of $159.25.

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.