Todd Asset Management LLC Invests $21.28 Million in Paycom Software, Inc. $PAYC

Todd Asset Management LLC bought a new stake in Paycom Software, Inc. (NYSE:PAYC) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 102,243 shares of the software maker’s stock, valued at approximately $21,281,000. Todd Asset Management LLC owned 0.18% of Paycom Software at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in Paycom Software by 9.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 375,019 shares of the software maker’s stock valued at $78,056,000 after purchasing an additional 32,868 shares in the last quarter. State of New Jersey Common Pension Fund D raised its holdings in Paycom Software by 6.7% in the third quarter. State of New Jersey Common Pension Fund D now owns 19,029 shares of the software maker’s stock valued at $3,961,000 after acquiring an additional 1,190 shares in the last quarter. HighTower Advisors LLC lifted its stake in Paycom Software by 2.9% in the third quarter. HighTower Advisors LLC now owns 12,042 shares of the software maker’s stock worth $2,507,000 after acquiring an additional 334 shares during the last quarter. CENTRAL TRUST Co acquired a new position in Paycom Software during the 3rd quarter worth approximately $56,000. Finally, Lafayette Investments Inc. raised its holdings in shares of Paycom Software by 2.7% in the 3rd quarter. Lafayette Investments Inc. now owns 29,633 shares of the software maker’s stock valued at $6,168,000 after purchasing an additional 783 shares in the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Paycom Software

In related news, CFO Robert D. Foster sold 1,300 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $162.66, for a total transaction of $211,458.00. Following the transaction, the chief financial officer owned 14,747 shares of the company’s stock, valued at $2,398,747.02. This trade represents a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 10.90% of the company’s stock.

Analysts Set New Price Targets

PAYC has been the topic of several recent analyst reports. BTIG Research dropped their target price on Paycom Software from $195.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Guggenheim cut their target price on Paycom Software from $210.00 to $180.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. KeyCorp decreased their target price 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 dropped their price target on shares of Paycom Software from $190.00 to $130.00 and set a “hold” rating on the stock in a research note on Thursday, February 12th. Finally, Zacks Research downgraded shares of Paycom Software from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $168.57.

Paycom Software Stock Up 4.8%

PAYC opened at $125.56 on Tuesday. The firm has a market cap of $7.07 billion, a price-to-earnings ratio of 15.52, a price-to-earnings-growth ratio of 1.40 and a beta of 0.79. Paycom Software, Inc. has a 52 week low of $104.90 and a 52 week high of $267.76. The business’s 50 day moving average is $149.45 and its two-hundred day moving average is $182.61.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings data 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 business had revenue of $544.30 million during the quarter, compared to the consensus estimate of $542.79 million. Paycom Software had a return on equity of 24.25% and a net margin of 22.10%.The company’s revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.32 earnings per share. Equities analysts expect that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Monday, March 9th will be paid a $0.375 dividend. The ex-dividend date is Monday, March 9th. This represents a $1.50 dividend on an annualized basis and a yield of 1.2%. Paycom Software’s payout ratio is currently 18.54%.

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.