Mirae Asset Global Investments Co. Ltd. Purchases 12,820 Shares of Paycom Software, Inc. $PAYC

Mirae Asset Global Investments Co. Ltd. acquired a new stake in Paycom Software, Inc. (NYSE:PAYC) in the 3rd quarter, Holdings Channel reports. The fund acquired 12,820 shares of the software maker’s stock, valued at approximately $2,790,000.

Several other hedge funds also recently made changes to their positions in the company. TD Waterhouse Canada Inc. purchased a new stake in shares of Paycom Software in the 3rd quarter valued at about $25,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Paycom Software in the third quarter valued at approximately $28,000. Caitlin John LLC purchased a new position in shares of Paycom Software during the second quarter worth approximately $31,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Paycom Software in the 2nd quarter valued at $33,000. Finally, EFG International AG purchased a new stake in Paycom Software in the 2nd quarter valued at $36,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Paycom Software Price Performance

Paycom Software stock traded down $13.81 during trading hours on Friday, hitting $236.21. The stock had a trading volume of 1,243,020 shares, compared to its average volume of 588,849. Paycom Software, Inc. has a 1-year low of $104.90 and a 1-year high of $275.22. The stock has a market capitalization of $10.65 billion, a price-to-earnings ratio of 22.63, a PEG ratio of 1.42 and a beta of 0.75. The stock’s fifty day moving average is $238.29 and its two-hundred day moving average is $166.73. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.07 and a quick ratio of 1.07.

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Wednesday, November 4th. The software maker reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.56. Paycom Software had a return on equity of 37.06% and a net margin of 22.78%. The business had revenue of $543.80 million during the quarter, compared to the consensus estimate of $535.26 million. During the same quarter in the previous year, the company posted $1.94 EPS. The business’s revenue was up 10.2% on a year-over-year basis. As a group, analysts predict that Paycom Software, Inc. will post 10.80 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 7th. Shareholders of record on Monday, November 23rd will be issued a dividend of $0.3750 per share. This represents a $1.50 annualized dividend and a yield of 0.6%. The ex-dividend date is Monday, November 23rd. Paycom Software’s dividend payout ratio (DPR) is 15.94%.

More Paycom Software News

Here are the key news stories impacting Paycom Software this week:

• Positive Sentiment: Paycom beat third-quarter earnings expectations, with EPS of $3.37 versus the cited $2.76 consensus. Earnings growth, higher revenue, and margin gains were linked to wider adoption of automation; the company also raised its 2026 revenue and EBITDA guidance. Paycom Q3 Earnings Beat Estimates on Revenue Growth, Margin Gains
• Positive Sentiment: KeyCorp raised its price target to $297 and maintained an overweight rating, signaling confidence in further upside. KeyCorp recommendations
• Positive Sentiment: Paycom declared its first cash dividend, adding a shareholder-return component to the investment case. Paycom declares its first cash dividend
• Neutral Sentiment: JPMorgan raised its target slightly, from $264 to $265, but kept a neutral rating. JPMorgan recommendations
• Negative Sentiment: BTIG downgraded PAYC from buy to neutral, a more cautious view that could pressure shares despite the earnings beat. BTIG Research recommendations
• Negative Sentiment: Citigroup cut its target from $279 to $264 and retained a neutral rating. Other coverage also raised questions about whether Paycom’s shares are fully valued after a strong run, tempering the positive results. Citigroup recommendations Paycom stock could be rich despite raised guidance

Insider Transactions at Paycom Software

In other Paycom Software news, insider Shane Hadlock sold 2,577 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $237.60, for a total value of $612,295.20. Following the sale, the insider owned 70,152 shares of the company’s stock, valued at $16,668,115.20. This represents a 3.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 13.20% of the company’s stock.

Wall Street Analysts Forecast Growth

PAYC has been the subject of several analyst reports. Jefferies Financial Group upped their price target on Paycom Software from $160.00 to $300.00 and gave the stock a “hold” rating in a research note on Tuesday, October 27th. Citigroup dropped their target price on Paycom Software from $279.00 to $264.00 and set a “neutral” rating on the stock in a research report on Friday. Stifel Nicolaus increased their target price on Paycom Software from $120.00 to $200.00 and gave the stock a “hold” rating in a research note on Thursday, August 6th. Weiss Ratings upgraded Paycom Software from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Finally, Zacks Research downgraded Paycom Software from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Four research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $255.36.

Paycom Software Company Profile

Paycom Software, Inc is a provider of cloud-based human capital management (HCM) software designed to help businesses manage employee-related processes through a unified platform. Its solutions support payroll, human resources, talent acquisition and management, time and labor management, compliance, and employee engagement.

The company’s software is intended to allow employers and employees to enter and manage workforce information within a single system. Its offerings include payroll processing, benefits administration, expense management, scheduling, performance management, learning, and recruiting tools.