Paycom Software, Inc. $PAYC Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lowered its holdings in Paycom Software, Inc. (NYSE:PAYC) by 9.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 147,231 shares of the software maker’s stock after selling 15,738 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.25% of Paycom Software worth $30,645,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in PAYC. Jennison Associates LLC acquired a new position in Paycom Software in the second quarter valued at approximately $49,853,000. Vanguard Group Inc. lifted its position in shares of Paycom Software by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 5,623,570 shares of the software maker’s stock worth $1,301,294,000 after buying an additional 165,647 shares during the last quarter. State Street Corp boosted its holdings in shares of Paycom Software by 8.4% in the 2nd quarter. State Street Corp now owns 2,097,910 shares of the software maker’s stock valued at $485,456,000 after buying an additional 162,477 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Paycom Software by 5,691.0% in the 2nd quarter. SG Americas Securities LLC now owns 155,489 shares of the software maker’s stock valued at $35,980,000 after buying an additional 152,804 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Paycom Software by 17.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 633,692 shares of the software maker’s stock valued at $146,636,000 after buying an additional 96,138 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Paycom Software Trading Down 0.2%

Paycom Software stock opened at $152.22 on Monday. The stock has a 50 day moving average of $159.57 and a two-hundred day moving average of $193.85. Paycom Software, Inc. has a twelve month low of $145.61 and a twelve month high of $267.76. The stock has a market capitalization of $8.57 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 1.56 and a beta of 0.82.

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Wednesday, November 5th. The software maker reported $1.94 EPS 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 for the quarter, compared to analysts’ expectations of $492.62 million. During the same quarter last year, the company earned $1.67 EPS. Paycom Software’s revenue for the quarter was up 9.2% compared to the same quarter last year. Equities analysts predict that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PAYC. UBS Group reduced their price target on shares of Paycom Software from $285.00 to $245.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Mizuho cut their target price on Paycom Software from $220.00 to $180.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. JPMorgan Chase & Co. reduced their target price on Paycom Software from $235.00 to $220.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. BMO Capital Markets reissued a “market perform” rating and issued a $175.00 target price on shares of Paycom Software in a research report on Friday, January 16th. Finally, TD Cowen cut their price target on Paycom Software from $200.00 to $184.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $212.14.

Insider Activity at Paycom Software

In other news, CFO Robert D. Foster sold 1,300 shares of Paycom Software 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 sale, the chief financial officer owned 14,747 shares of the company’s stock, valued at $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 this hyperlink. Company insiders own 10.90% of the company’s stock.

About Paycom Software

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.