LRT Capital Management LLC Reduces Stock Position in Paycom Software, Inc. $PAYC

LRT Capital Management LLC cut its holdings in Paycom Software, Inc. (NYSE:PAYC) by 85.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,267 shares of the software maker’s stock after selling 7,364 shares during the quarter. LRT Capital Management LLC’s holdings in Paycom Software were worth $264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Lido Advisors LLC raised its position in Paycom Software by 4.2% during the 3rd quarter. Lido Advisors LLC now owns 6,199 shares of the software maker’s stock valued at $1,290,000 after purchasing an additional 251 shares during the last quarter. Lighthouse Investment Partners LLC bought a new stake in shares of Paycom Software in the 3rd quarter worth approximately $2,484,000. Holocene Advisors LP grew its position in shares of Paycom Software by 240.3% in the 3rd quarter. Holocene Advisors LP now owns 10,708 shares of the software maker’s stock worth $2,229,000 after buying an additional 7,561 shares during the last quarter. Gotham Asset Management LLC increased its stake in shares of Paycom Software by 10.0% during the third quarter. Gotham Asset Management LLC now owns 105,977 shares of the software maker’s stock valued at $22,058,000 after buying an additional 9,603 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. increased its stake in shares of Paycom Software by 4.1% during the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 11,221 shares of the software maker’s stock valued at $2,336,000 after buying an additional 445 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Paycom Software Trading Down 2.0%

PAYC stock opened at $123.20 on Tuesday. The stock’s 50 day simple moving average is $135.68 and its 200 day simple moving average is $168.78. Paycom Software, Inc. has a 12-month low of $104.90 and a 12-month high of $267.76. The stock has a market capitalization of $6.69 billion, a PE ratio of 15.23, a price-to-earnings-growth ratio of 1.32 and a beta of 0.80.

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

Paycom Software Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PAYC. Weiss Ratings lowered Paycom Software from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, February 3rd. TD Cowen reduced their price objective on shares of Paycom Software from $200.00 to $184.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Citigroup decreased their price objective on shares of Paycom Software from $185.00 to $128.00 and set a “neutral” rating for the company in a report 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, February 18th. Finally, BMO Capital Markets dropped their target price on shares of Paycom Software from $175.00 to $137.00 and set a “market perform” rating for the company in a research report on Thursday, February 12th. Five equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $170.71.

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.