Universal Beteiligungs und Servicegesellschaft mbH Raises Stake in Paycom Software, Inc. $PAYC

Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in Paycom Software, Inc. (NYSE:PAYC) by 20.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 465,295 shares of the software maker’s stock after buying an additional 77,703 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.80% of Paycom Software worth $96,847,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. CYBER HORNET ETFs LLC acquired a new stake in Paycom Software during the 2nd quarter worth about $29,000. MUFG Securities EMEA plc acquired a new position in Paycom Software in the second quarter valued at approximately $33,000. Steigerwald Gordon & Koch Inc. purchased a new stake in Paycom Software in the 3rd quarter worth approximately $31,000. Bogart Wealth LLC grew its stake in shares of Paycom Software by 100.0% during the 3rd quarter. Bogart Wealth LLC now owns 200 shares of the software maker’s stock worth $42,000 after purchasing an additional 100 shares during the period. Finally, Assetmark Inc. grew its stake in shares of Paycom Software by 651.9% during the 2nd quarter. Assetmark Inc. now owns 203 shares of the software maker’s stock worth $47,000 after purchasing an additional 176 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Paycom Software Trading Down 0.5%

Shares of PAYC stock opened at $147.61 on Wednesday. Paycom Software, Inc. has a twelve month low of $145.61 and a twelve month high of $267.76. The company’s 50-day moving average price is $160.45 and its 200-day moving average price is $195.58. The stock has a market cap of $8.31 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 1.52 and a beta of 0.82.

Paycom Software (NYSE:PAYC) last posted its earnings results 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 net margin of 22.65% and a return on equity of 24.79%. The firm had revenue of $493.30 million during the quarter, compared to analyst estimates of $492.62 million. During the same quarter in the previous year, the firm earned $1.67 earnings per share. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. As a group, equities research analysts predict that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, November 24th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, November 24th. Paycom Software’s dividend payout ratio (DPR) is presently 18.66%.

Insider Transactions at Paycom Software

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

Wall Street Analysts Forecast Growth

PAYC has been the topic of several analyst reports. KeyCorp dropped their price target on shares of Paycom Software from $290.00 to $250.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Barclays cut their price target on Paycom Software from $210.00 to $185.00 and set an “equal weight” rating for the company in a research note on Monday, January 12th. UBS Group reduced their price target on Paycom Software from $285.00 to $245.00 and set a “buy” rating for the company in a report on Thursday, November 6th. BTIG Research started coverage on Paycom Software in a research report on Wednesday, December 17th. They set a “buy” rating and a $195.00 price target on the stock. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Paycom Software in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $212.14.

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.