Paycom Software, Inc. $PAYC Holdings Lifted by Engineers Gate Manager LP

Engineers Gate Manager LP increased its holdings in Paycom Software, Inc. (NYSE:PAYC) by 52.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,419 shares of the software maker’s stock after acquiring an additional 27,644 shares during the period. Engineers Gate Manager LP owned about 0.18% of Paycom Software worth $10,107,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Mackenzie Financial Corp lifted its position in shares of Paycom Software by 4.0% in the third quarter. Mackenzie Financial Corp now owns 1,624 shares of the software maker’s stock worth $338,000 after purchasing an additional 63 shares in the last quarter. Lido Advisors LLC grew its position in Paycom Software by 1.4% during the fourth quarter. Lido Advisors LLC now owns 6,286 shares of the software maker’s stock valued at $1,081,000 after purchasing an additional 87 shares in the last quarter. Janus Henderson Group PLC increased its stake in Paycom Software by 2.2% in the 4th quarter. Janus Henderson Group PLC now owns 4,090 shares of the software maker’s stock valued at $652,000 after buying an additional 88 shares during the period. Evoke Wealth LLC increased its stake in Paycom Software by 2.8% in the 4th quarter. Evoke Wealth LLC now owns 3,335 shares of the software maker’s stock valued at $531,000 after buying an additional 90 shares during the period. Finally, Johnson Financial Group LLC lifted its position in Paycom Software by 0.4% in the 4th quarter. Johnson Financial Group LLC now owns 25,091 shares of the software maker’s stock worth $3,999,000 after buying an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PAYC. Barclays boosted their price target on shares of Paycom Software from $154.00 to $210.00 and gave the company an “equal weight” rating in a report 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. Weiss Ratings raised Paycom Software from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. JPMorgan Chase & Co. boosted their target price on Paycom Software from $140.00 to $264.00 and gave the company a “neutral” rating in a research note on Tuesday, August 25th. Finally, UBS Group boosted their target price on Paycom Software from $205.00 to $285.00 and gave the company a “buy” rating in a research note on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $214.23.

Paycom Software Stock Performance

Shares of PAYC opened at $216.11 on Friday. The firm has a market cap of $9.74 billion, a price-to-earnings ratio of 22.97, a price-to-earnings-growth ratio of 1.20 and a beta of 0.78. The company’s fifty day moving average is $189.44 and its 200-day moving average is $150.42. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.57. Paycom Software, Inc. has a 12 month low of $104.90 and a 12 month high of $244.98.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Wednesday, August 5th. The software maker reported $2.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.38 by $0.40. The business had revenue of $531.20 million during the quarter, compared to analyst estimates of $513.12 million. Paycom Software had a net margin of 22.78% and a return on equity of 37.06%. Paycom Software’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.06 EPS. Equities analysts expect that Paycom Software, Inc. will post 10.65 EPS for the current fiscal year.

Paycom Software Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th were paid 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 was Monday, August 24th. Paycom Software’s dividend payout ratio is 15.94%.

Insider Activity

In other news, insider Shane Hadlock sold 241 shares of the stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $240.07, for a total transaction of $57,856.87. Following the transaction, the insider owned 69,911 shares of the company’s stock, valued at approximately $16,783,533.77. This represents a 0.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 13.20% of the company’s stock.

Paycom Software Profile

Paycom Software, Inc is a provider of cloud-based payroll and human capital management (HCM) software for businesses. Its platform is designed to help organizations manage employee data and payroll processes through a unified system, serving small, midsize and larger employers primarily in the United States.

The company’s products and services include payroll processing, tax management, time and labor management, talent acquisition, onboarding, employee learning, performance management, compensation planning, benefits administration, expense management and compliance tools.