108,105 Shares in Paycom Software, Inc. $PAYC Acquired by Danske Bank A S

Danske Bank A S bought a new position in Paycom Software, Inc. (NYSE:PAYC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 108,105 shares of the software maker’s stock, valued at approximately $13,587,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PAYC. BlackRock Inc. acquired a new stake in shares of Paycom Software during the 2nd quarter valued at $632,460,000. Reinhart Partners LLC. raised its holdings in shares of Paycom Software by 887.4% during the fourth quarter. Reinhart Partners LLC. now owns 598,323 shares of the software maker’s stock worth $95,351,000 after acquiring an additional 537,726 shares in the last quarter. Contour Asset Management LLC purchased a new stake in shares of Paycom Software during the fourth quarter worth $60,333,000. Two Sigma Investments LP boosted its position in Paycom Software by 228.7% during the third quarter. Two Sigma Investments LP now owns 532,124 shares of the software maker’s stock valued at $110,756,000 after purchasing an additional 370,219 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Paycom Software by 28.2% during the fourth quarter. Invesco Ltd. now owns 1,559,682 shares of the software maker’s stock valued at $248,551,000 after purchasing an additional 343,494 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Paycom Software Price Performance

NYSE PAYC opened at $225.72 on Friday. Paycom Software, Inc. has a twelve month low of $104.90 and a twelve month high of $234.60. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market capitalization of $10.17 billion, a PE ratio of 23.99, a P/E/G ratio of 1.25 and a beta of 0.76. The stock has a 50-day simple moving average of $158.68 and a 200 day simple moving average of $139.22.

Paycom Software (NYSE:PAYC) last released its earnings results on Wednesday, August 5th. The software maker reported $2.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.38 by $0.40. The firm had revenue of $531.20 million for the quarter, compared to analyst estimates of $513.12 million. Paycom Software had a return on equity of 37.06% and a net margin of 22.78%.The company’s revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.06 EPS. Research analysts anticipate that Paycom Software, Inc. will post 10.48 EPS for the current year.

Paycom Software Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a $1.50 dividend on an annualized basis and a yield of 0.7%. Paycom Software’s payout ratio is 15.94%.

Wall Street Analyst Weigh In

PAYC has been the topic of several research reports. Cantor Fitzgerald upped their target price on Paycom Software from $135.00 to $195.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Weiss Ratings upgraded Paycom Software from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Guggenheim boosted their price target on Paycom Software from $180.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Zacks Research upgraded Paycom Software from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. Finally, BTIG Research raised their price objective on shares of Paycom Software from $160.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $204.69.

Paycom Software Company 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.