Swedbank AB Acquires 3,835 Shares of Paycom Software, Inc. $PAYC

Swedbank AB lifted its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 5.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 78,724 shares of the software maker’s stock after acquiring an additional 3,835 shares during the period. Swedbank AB owned approximately 0.14% of Paycom Software worth $16,386,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. CYBER HORNET ETFs LLC acquired a new position in Paycom Software during the 2nd quarter valued at about $29,000. MUFG Securities EMEA plc bought a new position in shares of Paycom Software in the second quarter valued at approximately $33,000. Assetmark Inc. boosted its position in shares of Paycom Software by 651.9% during the second quarter. Assetmark Inc. now owns 203 shares of the software maker’s stock valued at $47,000 after buying an additional 176 shares during the last quarter. Employees Retirement System of Texas bought a new stake in Paycom Software during the second quarter worth $55,000. Finally, EverSource Wealth Advisors LLC raised its position in Paycom Software by 62.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 304 shares of the software maker’s stock valued at $70,000 after buying an additional 117 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Cantor Fitzgerald raised shares of Paycom Software to a “hold” rating in a report on Thursday, September 11th. Barclays cut their price target on shares of Paycom Software from $225.00 to $210.00 and set an “equal weight” rating on the stock in a report on Thursday, November 6th. JPMorgan Chase & Co. reduced their price objective on shares of Paycom Software from $235.00 to $220.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. TD Cowen dropped their target price on shares of Paycom Software from $258.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Finally, Mizuho reduced their target price on Paycom Software from $220.00 to $180.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $221.00.

Paycom Software Stock Up 0.1%

PAYC opened at $160.49 on Friday. Paycom Software, Inc. has a twelve month low of $156.50 and a twelve month high of $267.76. The company’s 50-day moving average price is $171.26 and its two-hundred day moving average price is $205.69. The stock has a market cap of $9.03 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 1.74 and a beta of 0.84.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings results on Wednesday, November 5th. The software maker reported $1.94 EPS for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.02). Paycom Software had a return on equity of 24.79% and a net margin of 22.65%.The company had revenue of $493.30 million during the quarter, compared to the consensus estimate of $492.62 million. During the same period last year, the firm posted $1.67 EPS. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, November 24th were paid a dividend of $0.375 per share. The ex-dividend date was Monday, November 24th. This represents a $1.50 annualized dividend and a dividend yield of 0.9%. Paycom Software’s dividend payout ratio is presently 18.66%.

Insiders Place Their Bets

In related news, CFO Robert D. Foster sold 1,300 shares of Paycom Software stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $162.66, for a total value of $211,458.00. Following the completion of the sale, the chief financial officer owned 14,747 shares of the company’s stock, valued at approximately $2,398,747.02. This trade represents a 8.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 10.90% of the company’s stock.

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.