Polen Capital Management LLC Sells 801,395 Shares of Paycom Software, Inc. $PAYC

Polen Capital Management LLC decreased its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 30.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,835,028 shares of the software maker’s stock after selling 801,395 shares during the quarter. Paycom Software makes up 1.2% of Polen Capital Management LLC’s holdings, making the stock its 27th largest holding. Polen Capital Management LLC’s holdings in Paycom Software were worth $292,430,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Paycom Software by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 5,802,788 shares of the software maker’s stock worth $1,207,792,000 after purchasing an additional 179,218 shares during the last quarter. State Street Corp lifted its stake in shares of Paycom Software by 2.8% during the 3rd quarter. State Street Corp now owns 2,157,127 shares of the software maker’s stock worth $448,984,000 after purchasing an additional 59,217 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Paycom Software by 9.3% during the 3rd quarter. Invesco Ltd. now owns 1,216,188 shares of the software maker’s stock worth $253,137,000 after purchasing an additional 103,801 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of Paycom Software by 29.8% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 604,090 shares of the software maker’s stock worth $96,878,000 after purchasing an additional 138,795 shares during the last quarter. Finally, Reinhart Partners LLC. lifted its stake in shares of Paycom Software by 887.4% during 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 last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Paycom Software Trading Down 3.1%

Paycom Software stock opened at $132.49 on Friday. The stock has a 50-day moving average of $131.07 and a two-hundred day moving average of $138.76. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.08 and a current ratio of 1.08. Paycom Software, Inc. has a one year low of $104.90 and a one year high of $253.61. The stock has a market cap of $6.31 billion, a PE ratio of 15.32, a price-to-earnings-growth ratio of 1.19 and a beta of 0.79.

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Wednesday, May 6th. The software maker reported $3.15 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 company had revenue of $571.80 million during the quarter, compared to analysts’ expectations of $564.37 million. During the same period last year, the business posted $2.80 earnings per share. The firm’s revenue was up 7.8% compared to the same quarter last year. On average, research analysts anticipate that Paycom Software, Inc. will post 9.16 EPS for the current fiscal year.

Paycom Software Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on PAYC shares. Guggenheim decreased their price objective on Paycom Software from $210.00 to $180.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. BMO Capital Markets upped their price objective on Paycom Software from $137.00 to $145.00 and gave the stock a “market perform” rating in a research note on Thursday, May 7th. KeyCorp decreased their price objective on Paycom Software from $250.00 to $195.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. Jefferies Financial Group decreased their price objective on Paycom Software from $190.00 to $130.00 and set a “hold” rating for the company in a research note on Thursday, February 12th. Finally, Cantor Fitzgerald upped their price objective on Paycom Software from $115.00 to $135.00 and gave the stock a “neutral” rating in a research note on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $159.67.

Paycom Software 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.