Paycom Software, Inc. $PAYC Shares Sold by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc lowered its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 29.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,700 shares of the software maker’s stock after selling 7,808 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Paycom Software were worth $2,273,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC increased its holdings in shares of Paycom Software by 946.7% in the fourth quarter. True Wealth Design LLC now owns 157 shares of the software maker’s stock valued at $25,000 after purchasing an additional 142 shares during the period. Brown Brothers Harriman & Co. lifted its holdings in shares of Paycom Software by 190.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker’s stock worth $25,000 after purchasing an additional 101 shares during the period. Clearstead Advisors LLC lifted its holdings in shares of Paycom Software by 140.3% during the fourth quarter. Clearstead Advisors LLC now owns 161 shares of the software maker’s stock worth $26,000 after purchasing an additional 94 shares during the period. CYBER HORNET ETFs LLC purchased a new position in Paycom Software in the 2nd quarter valued at $29,000. Finally, MUFG Securities EMEA plc purchased a new position in Paycom Software in the 2nd quarter valued at $33,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Paycom Software Trading Up 0.8%

NYSE:PAYC opened at $144.81 on Thursday. The stock has a fifty day moving average price of $135.49 and a two-hundred day moving average price of $133.75. The stock has a market capitalization of $6.90 billion, a price-to-earnings ratio of 16.74, a PEG ratio of 1.22 and a beta of 0.80. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.08 and a current ratio of 1.08. Paycom Software, Inc. has a 1 year low of $104.90 and a 1 year high of $248.95.

Paycom Software (NYSE:PAYC) last released its earnings results on Wednesday, May 6th. The software maker reported $3.15 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 during the quarter, compared to the consensus estimate of $564.37 million. During the same quarter last year, the company earned $2.80 earnings per share. Paycom Software’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Paycom Software, Inc. will post 9.32 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Tuesday, May 26th were issued a $0.375 dividend. The ex-dividend date was Tuesday, May 26th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.0%. Paycom Software’s dividend payout ratio is currently 17.34%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on PAYC shares. Weiss Ratings restated a “sell (d+)” rating on shares of Paycom Software in a research report on Friday, May 1st. BTIG Research lifted their target price on shares of Paycom Software from $140.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, May 7th. UBS Group dropped their price target on shares of Paycom Software from $210.00 to $183.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. TD Cowen cut their price target on shares of Paycom Software from $154.00 to $149.00 and set a “buy” rating for the company in a report on Friday, June 26th. Finally, Mizuho raised their price objective on shares of Paycom Software from $120.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $159.25.

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.