Paycom Software, Inc. $PAYC Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. reduced its position in Paycom Software, Inc. (NYSE:PAYC) by 86.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 644 shares of the software maker’s stock after selling 4,222 shares during the period. Pacer Advisors Inc.’s holdings in Paycom Software were worth $78,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PAYC. CoreFirst Bank & Trust increased its position in Paycom Software by 39.7% during the 1st quarter. CoreFirst Bank & Trust now owns 880 shares of the software maker’s stock valued at $107,000 after buying an additional 250 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Paycom Software by 102.5% during the first quarter. Parallel Advisors LLC now owns 1,776 shares of the software maker’s stock worth $216,000 after acquiring an additional 899 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Paycom Software by 9.1% during the first quarter. NewEdge Advisors LLC now owns 9,340 shares of the software maker’s stock valued at $1,135,000 after acquiring an additional 780 shares in the last quarter. Ramiah Investment Group increased its holdings in shares of Paycom Software by 37.2% during the first quarter. Ramiah Investment Group now owns 2,909 shares of the software maker’s stock valued at $354,000 after acquiring an additional 789 shares in the last quarter. Finally, Summitry LLC purchased a new position in shares of Paycom Software in the 1st quarter valued at approximately $326,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. KeyCorp boosted their target price on shares of Paycom Software from $195.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. BTIG Research raised their price target on shares of Paycom Software from $160.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Mizuho lifted their price objective on shares of Paycom Software from $120.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. BMO Capital Markets upped their target price on Paycom Software from $145.00 to $208.00 and gave the company a “market perform” rating in a research report on Thursday, August 6th. Finally, Zacks Research upgraded Paycom Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, Paycom Software currently has a consensus rating of “Hold” and a consensus target price of $204.69.

Paycom Software Stock Performance

PAYC opened at $210.68 on Thursday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.57. Paycom Software, Inc. has a 12-month low of $104.90 and a 12-month high of $234.60. The firm has a 50 day moving average of $148.62 and a two-hundred day moving average of $135.92. The firm has a market capitalization of $9.50 billion, a PE ratio of 22.39, a P/E/G ratio of 1.30 and a beta of 0.76.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Wednesday, August 5th. The software maker reported $2.78 EPS for the quarter, beating the consensus estimate of $2.38 by $0.40. Paycom Software had a net margin of 22.78% and a return on equity of 37.06%. The business had revenue of $531.20 million for the quarter, compared to the consensus estimate of $513.12 million. During the same period in the prior year, the firm earned $2.06 EPS. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, analysts anticipate that Paycom Software, Inc. will post 9.68 EPS for the current year.

Paycom Software Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, August 24th. Paycom Software’s dividend payout ratio is presently 15.94%.

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.