Paycom Software, Inc. $PAYC Shares Sold by Sylebra Capital LLC

Sylebra Capital LLC trimmed its position in Paycom Software, Inc. (NYSE:PAYC) by 29.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 689,045 shares of the software maker’s stock after selling 287,711 shares during the quarter. Paycom Software accounts for approximately 10.8% of Sylebra Capital LLC’s portfolio, making the stock its 4th largest holding. Sylebra Capital LLC’s holdings in Paycom Software were worth $83,747,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Reinhart Partners LLC. grew its holdings in shares of Paycom Software by 887.4% during the 4th quarter. Reinhart Partners LLC. now owns 598,323 shares of the software maker’s stock worth $95,351,000 after purchasing an additional 537,726 shares during the period. Contour Asset Management LLC acquired a new stake in Paycom Software during the 4th quarter worth approximately $60,333,000. Two Sigma Investments LP raised its holdings in Paycom Software by 228.7% in the third quarter. Two Sigma Investments LP now owns 532,124 shares of the software maker’s stock valued at $110,756,000 after buying an additional 370,219 shares during the period. Invesco Ltd. raised its holdings in Paycom Software by 28.2% in the fourth quarter. Invesco Ltd. now owns 1,559,682 shares of the software maker’s stock valued at $248,551,000 after buying an additional 343,494 shares during the period. Finally, River Road Asset Management LLC lifted its position in Paycom Software by 481.9% during the fourth quarter. River Road Asset Management LLC now owns 392,403 shares of the software maker’s stock valued at $62,533,000 after buying an additional 324,970 shares in the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on PAYC shares. BMO Capital Markets boosted their price objective on shares of Paycom Software from $137.00 to $145.00 and gave the stock a “market perform” rating in a research note on Thursday, May 7th. Zacks Research raised shares of Paycom Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. UBS Group reduced their target price on shares of Paycom Software from $210.00 to $183.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. Weiss Ratings raised shares of Paycom Software from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 16th. Finally, Citigroup increased their price target on Paycom Software from $120.00 to $136.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $159.75.

Paycom Software Price Performance

PAYC opened at $162.25 on Wednesday. The company has a fifty day simple moving average of $137.39 and a 200 day simple moving average of $133.12. The firm has a market cap of $7.73 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 1.28 and a beta of 0.80. Paycom Software, Inc. has a twelve month low of $104.90 and a twelve month high of $248.95. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.83.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Wednesday, May 6th. The software maker reported $3.15 EPS for the quarter, topping analysts’ consensus estimates of $2.99 by $0.16. Paycom Software had a net margin of 22.44% and a return on equity of 28.34%. The firm had revenue of $571.80 million for the quarter, compared to analyst estimates of $564.37 million. During the same quarter in the previous year, the business posted $2.80 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. Equities research analysts expect that Paycom Software, Inc. will post 9.37 EPS for the current fiscal year.

Paycom Software Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 8th. Stockholders 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 dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, May 26th. Paycom Software’s payout ratio is presently 17.34%.

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.