Northwestern Mutual Wealth Management Co. Takes $1.75 Million Position in Paycom Software, Inc. $PAYC

Northwestern Mutual Wealth Management Co. purchased a new stake in Paycom Software, Inc. (NYSE:PAYC) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 13,906 shares of the software maker’s stock, valued at approximately $1,748,000.

A number of other institutional investors have also recently bought and sold shares of PAYC. Quantbot Technologies LP acquired a new position in shares of Paycom Software in the second quarter worth about $3,400,000. EP Wealth Advisors LLC acquired a new stake in shares of Paycom Software during the second quarter valued at approximately $333,000. Ieq Capital LLC acquired a new stake in shares of Paycom Software during the second quarter valued at approximately $305,000. Callan Family Office LLC purchased a new stake in shares of Paycom Software in the 2nd quarter valued at approximately $382,000. Finally, Allworth Financial LP purchased a new stake in shares of Paycom Software in the 2nd quarter valued at approximately $176,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Paycom Software Stock Up 0.3%

Paycom Software stock opened at $229.72 on Tuesday. 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 firm has a market cap of $10.35 billion, a PE ratio of 24.41, a P/E/G ratio of 1.29 and a beta of 0.75. The firm’s 50 day moving average price is $162.48 and its two-hundred day moving average price is $140.64.

Paycom Software (NYSE:PAYC) last issued 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. Paycom Software had a net margin of 22.78% and a return on equity of 37.06%. The company had revenue of $531.20 million during the quarter, compared to analyst estimates of $513.12 million. During the same quarter last year, the business posted $2.06 EPS. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, research analysts predict that Paycom Software, Inc. will post 10.48 EPS for the current fiscal year.

Paycom Software Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, August 24th. Paycom Software’s dividend payout ratio (DPR) is currently 15.94%.

Wall Street Analysts Forecast Growth

PAYC has been the topic of several research analyst reports. UBS Group lifted their price objective on shares of Paycom Software from $195.00 to $205.00 and gave the stock a “buy” 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. BMO Capital Markets raised their target price on Paycom Software from $145.00 to $208.00 and gave the stock a “market perform” rating in a research report on Thursday, August 6th. Cantor Fitzgerald lifted their price target on Paycom Software from $135.00 to $195.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Finally, KeyCorp upped their price target on Paycom Software from $195.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $204.69.

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.