Paycom Software, Inc. $PAYC Shares Purchased by Sendero Wealth Management LLC

Sendero Wealth Management LLC boosted its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 139.4% in the 4th quarter, Holdings Channel reports. The fund owned 36,295 shares of the software maker’s stock after buying an additional 21,137 shares during the period. Paycom Software makes up 0.6% of Sendero Wealth Management LLC’s investment portfolio, making the stock its 28th largest position. Sendero Wealth Management LLC’s holdings in Paycom Software were worth $5,784,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of PAYC. Czech National Bank increased its holdings in shares of Paycom Software by 1.3% during the 4th quarter. Czech National Bank now owns 12,886 shares of the software maker’s stock valued at $2,054,000 after purchasing an additional 170 shares in the last quarter. Salvus Wealth Management LLC boosted its holdings in Paycom Software by 7.7% during the fourth quarter. Salvus Wealth Management LLC now owns 1,422 shares of the software maker’s stock worth $227,000 after buying an additional 102 shares in the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI boosted its holdings in Paycom Software by 67.4% during the fourth quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 41,381 shares of the software maker’s stock worth $6,595,000 after buying an additional 16,656 shares in the last quarter. Pensionfund Sabic acquired a new stake in Paycom Software during the fourth quarter valued at $956,000. Finally, Focus Financial Network Inc. grew its position in Paycom Software by 43.9% during the fourth quarter. Focus Financial Network Inc. now owns 1,751 shares of the software maker’s stock valued at $279,000 after buying an additional 534 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

Paycom Software Price Performance

Shares of Paycom Software stock opened at $122.84 on Friday. The stock has a market capitalization of $6.67 billion, a P/E ratio of 15.18, a PEG ratio of 1.26 and a beta of 0.80. The business has a 50 day simple moving average of $130.39 and a two-hundred day simple moving average of $163.96. Paycom Software, Inc. has a 12 month low of $104.90 and a 12 month high of $267.76.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Wednesday, February 11th. The software maker reported $2.45 EPS for the quarter, topping the consensus estimate of $2.44 by $0.01. Paycom Software had a return on equity of 24.25% and a net margin of 22.10%.The firm had revenue of $544.30 million during the quarter, compared to analysts’ expectations of $542.79 million. During the same period in the previous year, the business earned $2.32 earnings per share. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, research analysts anticipate that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Monday, March 9th were issued a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, March 9th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.2%. Paycom Software’s dividend payout ratio is presently 18.54%.

Analysts Set New Price Targets

PAYC has been the subject of a number of analyst reports. Guggenheim decreased their price objective on shares of Paycom Software from $210.00 to $180.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. TD Cowen dropped their target price 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. Jefferies Financial Group cut their price target on Paycom Software from $190.00 to $130.00 and set a “hold” rating for the company in a research note on Thursday, February 12th. Cantor Fitzgerald upped their price target on Paycom Software from $115.00 to $135.00 and gave the stock a “neutral” rating in a report on Friday, March 6th. Finally, BMO Capital Markets lowered their price target on Paycom Software from $175.00 to $137.00 and set a “market perform” rating on the stock in a research report on Thursday, February 12th. Five analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $170.71.

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.