Paycom Software, Inc. $PAYC Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC trimmed its position in Paycom Software, Inc. (NYSE:PAYC) by 12.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,142 shares of the software maker’s stock after selling 9,870 shares during the quarter. Fisher Asset Management LLC’s holdings in Paycom Software were worth $10,700,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. True Wealth Design LLC raised its holdings in shares of Paycom Software by 946.7% in the 4th quarter. True Wealth Design LLC now owns 157 shares of the software maker’s stock valued at $25,000 after purchasing an additional 142 shares in the last quarter. Clearstead Advisors LLC raised its stake in Paycom Software by 140.3% during the 4th quarter. Clearstead Advisors LLC now owns 161 shares of the software maker’s stock worth $26,000 after acquiring an additional 94 shares in the last quarter. Caitlin John LLC acquired a new stake in Paycom Software during the 3rd quarter worth $29,000. CYBER HORNET ETFs LLC acquired a new stake in Paycom Software during the 2nd quarter worth $29,000. Finally, MUFG Securities EMEA plc acquired a new stake in Paycom Software during the 2nd quarter worth $33,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Paycom Software Trading Down 0.3%

NYSE PAYC opened at $132.42 on Thursday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market cap of $6.31 billion, a PE ratio of 15.31, a P/E/G ratio of 1.16 and a beta of 0.77. Paycom Software, Inc. has a one year low of $104.90 and a one year high of $267.76. The firm’s fifty day moving average is $127.53 and its two-hundred day moving average is $140.75.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings data on Wednesday, May 6th. The software maker reported $3.15 EPS for the quarter, beating analysts’ consensus estimates of $2.99 by $0.16. The company had revenue of $571.80 million for the quarter, compared to analyst estimates of $564.37 million. Paycom Software had a net margin of 22.44% and a return on equity of 28.34%. Paycom Software’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.80 earnings per share. Analysts expect that Paycom Software, Inc. will post 9.09 earnings per share for the current year.

Paycom Software Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th will be paid a $0.375 dividend. The ex-dividend date is Tuesday, May 26th. This represents a $1.50 dividend on an annualized basis and a yield of 1.1%. Paycom Software’s payout ratio is currently 17.34%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Barclays cut their price target on shares of Paycom Software from $150.00 to $148.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 7th. Cantor Fitzgerald lifted their price target on shares of Paycom Software from $115.00 to $135.00 and gave the stock a “neutral” rating in a research note on Friday, March 6th. BTIG Research lifted their price target on shares of Paycom Software from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. TD Cowen lifted their price target on shares of Paycom Software from $148.00 to $154.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, UBS Group cut their price target on shares of Paycom Software from $210.00 to $183.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $159.67.

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.