Caxton Associates LLP Invests $2.57 Million in Paycom Software, Inc. $PAYC

Caxton Associates LLP acquired a new stake in shares of Paycom Software, Inc. (NYSE:PAYC) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 21,157 shares of the software maker’s stock, valued at approximately $2,571,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mackenzie Financial Corp raised its holdings in shares of Paycom Software by 4.0% in the 3rd quarter. Mackenzie Financial Corp now owns 1,624 shares of the software maker’s stock valued at $338,000 after acquiring an additional 63 shares in the last quarter. Boyd Watterson Asset Management LLC OH increased its position 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 purchasing an additional 86 shares during the last quarter. Lido Advisors LLC increased its position 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 purchasing an additional 87 shares during the last quarter. Janus Henderson Group PLC raised its stake in Paycom Software by 2.2% in the fourth quarter. Janus Henderson Group PLC now owns 4,090 shares of the software maker’s stock valued at $652,000 after purchasing an additional 88 shares in the last quarter. Finally, Evoke Wealth LLC raised its stake in Paycom Software by 2.8% in the fourth quarter. Evoke Wealth LLC now owns 3,335 shares of the software maker’s stock valued at $531,000 after purchasing an additional 90 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Paycom Software Trading Up 5.1%

NYSE PAYC opened at $145.71 on Friday. The stock has a market cap of $6.94 billion, a P/E ratio of 16.84, a price-to-earnings-growth ratio of 1.18 and a beta of 0.80. Paycom Software, Inc. has a fifty-two week low of $104.90 and a fifty-two week high of $248.95. The stock has a 50 day simple moving average of $136.71 and a two-hundred day simple moving average of $133.26. 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 (NYSE:PAYC) last posted its earnings results on Wednesday, May 6th. The software maker reported $3.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.16. The firm had revenue of $571.80 million for the quarter, compared to analysts’ expectations of $564.37 million. Paycom Software had a return on equity of 28.34% and a net margin of 22.44%.The business’s revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.80 earnings per share. On average, analysts forecast that Paycom Software, Inc. will post 9.37 earnings per share for the current year.

Paycom Software Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, May 26th. Paycom Software’s payout ratio is presently 17.34%.

Analysts Set New Price Targets

A number of research firms have commented on PAYC. 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 research note on Friday, June 26th. BMO Capital Markets raised their price objective on shares of Paycom Software from $137.00 to $145.00 and gave the company a “market perform” rating in a research report on Thursday, May 7th. Citigroup lifted their price objective on shares of Paycom Software from $120.00 to $136.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Zacks Research upgraded shares of Paycom Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. Finally, BTIG Research increased their target price on Paycom Software from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, Paycom Software currently has a consensus rating of “Moderate Buy” and a consensus target price of $159.75.

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.