Entropy Technologies LP Purchases 10,066 Shares of Paycom Software, Inc. $PAYC

Entropy Technologies LP grew its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 160.3% in the 4th quarter, HoldingsChannel reports. The firm owned 16,346 shares of the software maker’s stock after acquiring an additional 10,066 shares during the quarter. Entropy Technologies LP’s holdings in Paycom Software were worth $2,605,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Mackenzie Financial Corp increased its holdings in shares of Paycom Software by 4.0% in the third quarter. Mackenzie Financial Corp now owns 1,624 shares of the software maker’s stock worth $338,000 after buying an additional 63 shares during the period. Davis Investment Partners LLC increased its holdings in shares of Paycom Software by 2.3% in the fourth quarter. Davis Investment Partners LLC now owns 2,988 shares of the software maker’s stock worth $455,000 after buying an additional 68 shares during the period. Compound Planning Inc. increased its holdings in shares of Paycom Software by 2.9% in the third quarter. Compound Planning Inc. now owns 2,899 shares of the software maker’s stock worth $603,000 after buying an additional 83 shares during the period. Boyd Watterson Asset Management LLC OH increased its holdings in shares of Paycom Software by 0.8% in the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 10,662 shares of the software maker’s stock worth $1,699,000 after buying an additional 86 shares during the period. Finally, Lido Advisors LLC increased its holdings in shares of Paycom Software by 1.4% in the fourth quarter. Lido Advisors LLC now owns 6,286 shares of the software maker’s stock worth $1,081,000 after buying an additional 87 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on PAYC shares. Zacks Research upgraded Paycom Software from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Paycom Software in a report on Friday, May 1st. UBS Group decreased their price objective on Paycom Software from $210.00 to $183.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. BTIG Research lifted their price objective on Paycom Software from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, TD Cowen lifted their price objective on Paycom Software from $148.00 to $154.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $159.67.

Paycom Software Stock Down 0.1%

Shares of NYSE:PAYC opened at $134.35 on Monday. Paycom Software, Inc. has a 1 year low of $104.90 and a 1 year high of $248.95. The company has a market cap of $6.40 billion, a PE ratio of 15.53, a P/E/G ratio of 1.17 and a beta of 0.79. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.08 and a quick ratio of 1.08. The stock’s 50-day moving average is $131.34 and its 200 day moving average is $138.59.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings results on Wednesday, May 6th. The software maker reported $3.15 earnings per share (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 for the quarter, compared to the consensus estimate of $564.37 million. During the same quarter in the previous year, the business earned $2.80 EPS. Paycom Software’s revenue was up 7.8% compared to the same quarter last year. Sell-side analysts anticipate that Paycom Software, Inc. will post 9.16 EPS for the current year.

Paycom Software Dividend Announcement

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

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.