Pacer Advisors Inc. Reduces Stock Position in Paycom Software, Inc. $PAYC

Pacer Advisors Inc. trimmed its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 86.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 644 shares of the software maker’s stock after selling 4,222 shares during the quarter. Pacer Advisors Inc.’s holdings in Paycom Software were worth $78,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Reinhart Partners LLC. lifted its holdings in shares of Paycom Software by 887.4% in the 4th quarter. Reinhart Partners LLC. now owns 598,323 shares of the software maker’s stock worth $95,351,000 after acquiring an additional 537,726 shares during the last quarter. Contour Asset Management LLC bought a new position in Paycom Software during the 4th quarter valued at about $60,333,000. Two Sigma Investments LP grew its holdings in Paycom Software by 228.7% during the 3rd quarter. Two Sigma Investments LP now owns 532,124 shares of the software maker’s stock valued at $110,756,000 after purchasing an additional 370,219 shares during the last quarter. Invesco Ltd. raised its position in Paycom Software by 28.2% in the 4th quarter. Invesco Ltd. now owns 1,559,682 shares of the software maker’s stock worth $248,551,000 after purchasing an additional 343,494 shares during the period. Finally, River Road Asset Management LLC lifted its stake in Paycom Software by 481.9% in the fourth quarter. River Road Asset Management LLC now owns 392,403 shares of the software maker’s stock worth $62,533,000 after purchasing an additional 324,970 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. TD Cowen upped their target price on Paycom Software from $149.00 to $244.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Mizuho boosted their target price on shares of Paycom Software from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. KeyCorp raised their price target on shares of Paycom Software from $195.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Zacks Research raised shares of Paycom Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. Finally, Stifel Nicolaus upped their target price on shares of Paycom Software from $120.00 to $200.00 and gave the stock a “hold” rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, Paycom Software currently has a consensus rating of “Hold” and an average price target of $204.69.

Paycom Software Price Performance

Shares of PAYC opened at $210.68 on Thursday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.07 and a current ratio of 1.07. The company has a 50 day moving average price of $148.62 and a 200-day moving average price of $135.92. Paycom Software, Inc. has a fifty-two week low of $104.90 and a fifty-two week high of $234.60. The stock has a market capitalization of $9.50 billion, a PE ratio of 22.39, a PEG ratio of 1.30 and a beta of 0.76.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Wednesday, August 5th. The software maker reported $2.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.38 by $0.40. The company had revenue of $531.20 million for the quarter, compared to analyst estimates of $513.12 million. Paycom Software had a net margin of 22.78% and a return on equity of 37.06%. Paycom Software’s revenue was up 9.8% compared to the same quarter last year. During the same period last year, the company posted $2.06 earnings per share. Equities analysts predict that Paycom Software, Inc. will post 9.68 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

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

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.