Shaker Investments LLC OH Reduces Holdings in Paycom Software, Inc. $PAYC

Shaker Investments LLC OH lowered its position in Paycom Software, Inc. (NYSE:PAYC) by 25.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 10,619 shares of the software maker’s stock after selling 3,679 shares during the quarter. Shaker Investments LLC OH’s holdings in Paycom Software were worth $2,210,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. CYBER HORNET ETFs LLC bought a new position in Paycom Software during the second quarter worth about $29,000. MUFG Securities EMEA plc bought a new position in Paycom Software in the 2nd quarter worth approximately $33,000. Blue Trust Inc. grew its stake in Paycom Software by 540.6% in the 3rd quarter. Blue Trust Inc. now owns 205 shares of the software maker’s stock valued at $43,000 after buying an additional 173 shares in the last quarter. Assetmark Inc. raised its holdings in Paycom Software by 651.9% during the 2nd quarter. Assetmark Inc. now owns 203 shares of the software maker’s stock valued at $47,000 after acquiring an additional 176 shares during the period. Finally, Employees Retirement System of Texas purchased a new stake in shares of Paycom Software during the second quarter worth $55,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Paycom Software

In related news, CFO Robert D. Foster sold 1,300 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $162.66, for a total value of $211,458.00. Following the completion of the transaction, the chief financial officer directly owned 14,747 shares in the company, valued at approximately $2,398,747.02. The trade was a 8.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 10.90% of the company’s stock.

Paycom Software Trading Up 0.1%

Shares of PAYC opened at $160.49 on Friday. Paycom Software, Inc. has a 12-month low of $156.50 and a 12-month high of $267.76. The company has a market cap of $9.03 billion, a PE ratio of 19.96, a price-to-earnings-growth ratio of 1.74 and a beta of 0.84. The stock has a 50-day moving average price of $171.26 and a 200-day moving average price of $205.35.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings data on Wednesday, November 5th. The software maker reported $1.94 earnings per share for the quarter, missing the consensus estimate 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 quarter last year, the company posted $1.67 earnings per share. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. As a group, analysts predict that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their price target on Paycom Software from $235.00 to $220.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Guggenheim initiated coverage on Paycom Software in a research note on Friday, September 26th. They issued a “buy” rating and a $270.00 target price for the company. Zacks Research upgraded Paycom Software from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 20th. Mizuho lowered their price target on shares of Paycom Software from $220.00 to $180.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Finally, Citigroup reduced their price objective on shares of Paycom Software from $191.00 to $185.00 and set a “neutral” rating for the company in a research note on Tuesday, December 23rd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $221.00.

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.