Paycom Software, Inc. $PAYC Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. trimmed its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 15.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,253 shares of the software maker’s stock after selling 9,394 shares during the quarter. Jupiter Asset Management Ltd. owned 0.09% of Paycom Software worth $10,668,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of PAYC. Brighton Jones LLC acquired a new position in shares of Paycom Software in the fourth quarter valued at approximately $638,000. AQR Capital Management LLC increased its position in shares of Paycom Software by 23.7% during the first quarter. AQR Capital Management LLC now owns 19,155 shares of the software maker’s stock worth $4,136,000 after acquiring an additional 3,674 shares during the period. United Services Automobile Association acquired a new stake in shares of Paycom Software in the first quarter valued at $215,000. Empowered Funds LLC boosted its holdings in Paycom Software by 22.8% in the first quarter. Empowered Funds LLC now owns 7,958 shares of the software maker’s stock valued at $1,739,000 after purchasing an additional 1,480 shares during the period. Finally, Focus Partners Wealth grew its stake in Paycom Software by 220.8% during the 1st quarter. Focus Partners Wealth now owns 3,940 shares of the software maker’s stock worth $861,000 after purchasing an additional 2,712 shares in the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PAYC. Weiss Ratings lowered Paycom Software from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 3rd. KeyCorp reduced their target price on shares of Paycom Software from $250.00 to $195.00 and set an “overweight” rating on the stock in a report on Thursday, February 12th. Citigroup decreased their price target on shares of Paycom Software from $185.00 to $128.00 and set a “neutral” rating for the company in a research note on Friday, February 13th. Zacks Research raised shares of Paycom Software from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Finally, Cantor Fitzgerald decreased their price objective on shares of Paycom Software from $135.00 to $115.00 and set a “neutral” rating for the company in a research report on Thursday, February 12th. Five investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Paycom Software presently has a consensus rating of “Hold” and an average price target of $168.57.

Insider Buying and Selling at Paycom Software

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

Paycom Software Trading Down 4.9%

PAYC stock opened at $114.82 on Friday. The stock has a market cap of $6.46 billion, a P/E ratio of 14.19, a PEG ratio of 1.32 and a beta of 0.79. Paycom Software, Inc. has a twelve month low of $104.90 and a twelve month high of $267.76. The company’s 50 day moving average is $145.91 and its two-hundred day moving average is $180.25.

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

Paycom Software Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Monday, March 9th will be given a dividend of $0.375 per share. The ex-dividend date is Monday, March 9th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.3%. Paycom Software’s payout ratio is 18.54%.

Paycom Software Company 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.