Paycom Software, Inc. $PAYC Position Boosted by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP lifted its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 8,011.1% in the third quarter, HoldingsChannel.com reports. The firm owned 2,920 shares of the software maker’s stock after acquiring an additional 2,884 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Paycom Software were worth $638,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Paycom Software in the 2nd quarter valued at about $632,460,000. Reinhart Partners LLC. boosted its stake in Paycom Software by 20.1% during the second quarter. Reinhart Partners LLC. now owns 1,219,906 shares of the software maker’s stock worth $153,320,000 after buying an additional 204,191 shares during the period. Dimensional Fund Advisors LP boosted its stake in Paycom Software by 10.1% during the first quarter. Dimensional Fund Advisors LP now owns 538,376 shares of the software maker’s stock worth $65,435,000 after buying an additional 49,460 shares during the period. Bank of New York Mellon Corp purchased a new position in Paycom Software during the second quarter worth about $42,858,000. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Paycom Software by 108.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 308,393 shares of the software maker’s stock valued at $67,122,000 after acquiring an additional 160,185 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Paycom Software

In other news, insider Shane Hadlock sold 2,577 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $237.60, for a total value of $612,295.20. Following the completion of the transaction, the insider owned 70,152 shares of the company’s stock, valued at approximately $16,668,115.20. This trade represents a 3.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 13.20% of the company’s stock.

Wall Street Analyst Weigh In

PAYC has been the topic of a number of research analyst reports. Weiss Ratings raised shares of Paycom Software from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Barclays upped their price objective on shares of Paycom Software from $210.00 to $250.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 13th. BMO Capital Markets increased their price objective on shares of Paycom Software from $145.00 to $208.00 and gave the stock a “market perform” rating in a research report on Thursday, August 6th. BTIG Research cut shares of Paycom Software from a “buy” rating to a “neutral” rating in a research report on Thursday, November 5th. Finally, TD Cowen lifted their target price on shares of Paycom Software from $244.00 to $286.00 and gave the company a “buy” rating in a report on Friday, October 2nd. Four analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $255.36.

Paycom Software Price Performance

PAYC stock opened at $248.28 on Friday. The business’s fifty day moving average price is $238.57 and its 200 day moving average price is $168.55. Paycom Software, Inc. has a 12-month low of $104.90 and a 12-month high of $275.22. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $11.18 billion, a PE ratio of 23.81, a P/E/G ratio of 1.08 and a beta of 0.75.

Paycom Software (NYSE:PAYC) last announced its earnings results on Wednesday, November 4th. The software maker reported $3.37 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.56. The company had revenue of $543.80 million during the quarter, compared to analysts’ expectations of $535.26 million. Paycom Software had a return on equity of 52.12% and a net margin of 23.28%. Paycom Software’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period last year, the business posted $1.94 EPS. On average, sell-side analysts anticipate that Paycom Software, Inc. will post 11.72 EPS for the current year.

Paycom Software Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 7th. Stockholders of record on Monday, November 23rd will be paid a $0.3750 dividend. The ex-dividend date of this dividend is Monday, November 23rd. This represents a $1.50 annualized dividend and a dividend yield of 0.6%. Paycom Software’s dividend payout ratio (DPR) is presently 14.37%.

Paycom Software Company Profile

Paycom Software, Inc. provides cloud-based human capital management (HCM) software that helps businesses manage payroll, human resources, and workforce operations through a unified platform. Its solutions support the employee life cycle, including recruiting, onboarding, payroll processing, benefits administration, time and labor management, talent management, and compliance. The company’s platform incorporates automation and artificial intelligence to streamline HR processes and reduce administrative tasks.