Paycom Software, Inc. (PAYC) to Issue Quarterly Dividend of $0.38 on March 23rd

Paycom Software, Inc. (NYSE:PAYC) declared a quarterly dividend on Tuesday, February 10th. Stockholders of record on Monday, March 9th will be given a dividend of 0.375 per share by the software maker on Monday, March 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, March 9th.

Paycom Software has a dividend payout ratio of 15.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Paycom Software to earn $7.97 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 18.8%.

Paycom Software Stock Up 1.0%

PAYC opened at $138.09 on Friday. The firm has a market cap of $7.50 billion, a P/E ratio of 17.07, a PEG ratio of 1.49 and a beta of 0.80. The business’s fifty day simple moving average is $139.07 and its 200 day simple moving average is $173.71. Paycom Software has a 52 week low of $104.90 and a 52 week high of $267.76.

Paycom Software (NYSE:PAYC) last announced its earnings results on Wednesday, February 11th. The software maker reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.01. The firm had revenue of $544.30 million during the quarter, compared to the consensus estimate of $542.79 million. Paycom Software had a net margin of 22.10% and a return on equity of 24.25%. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.32 EPS. As a group, equities analysts expect that Paycom Software will post 7.15 EPS for the current fiscal year.

Insider Activity

In related news, CFO Robert D. Foster sold 1,300 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $162.66, for a total transaction of $211,458.00. Following the completion of the sale, the chief financial officer owned 14,747 shares of the company’s stock, valued at approximately $2,398,747.02. This represents a 8.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 10.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. UMB Bank n.a. increased its position in shares of Paycom Software by 7.6% in the third quarter. UMB Bank n.a. now owns 789 shares of the software maker’s stock worth $164,000 after acquiring an additional 56 shares in the last quarter. ORG Wealth Partners LLC lifted its holdings in shares of Paycom Software by 4.4% during the 3rd quarter. ORG Wealth Partners LLC now owns 1,390 shares of the software maker’s stock valued at $289,000 after acquiring an additional 59 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Paycom Software by 4.0% during the 3rd quarter. Mackenzie Financial Corp now owns 1,624 shares of the software maker’s stock valued at $338,000 after acquiring an additional 63 shares in the last quarter. Davis Investment Partners LLC boosted its position in Paycom Software by 2.3% during the 4th quarter. Davis Investment Partners LLC now owns 2,988 shares of the software maker’s stock worth $455,000 after purchasing an additional 68 shares during the period. Finally, Compound Planning Inc. boosted its position in Paycom Software by 2.9% during the 3rd quarter. Compound Planning Inc. now owns 2,899 shares of the software maker’s stock worth $603,000 after purchasing an additional 83 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

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.