Virtu Financial LLC Invests $912,000 in Paycom Software, Inc. $PAYC

Virtu Financial LLC purchased a new stake in shares of Paycom Software, Inc. (NYSE:PAYC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,725 shares of the software maker’s stock, valued at approximately $912,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Sienna Gestion bought a new stake in shares of Paycom Software in the 3rd quarter valued at about $4,515,000. Berkeley Inc boosted its stake in shares of Paycom Software by 47.5% during the fourth quarter. Berkeley Inc now owns 40,794 shares of the software maker’s stock valued at $6,501,000 after purchasing an additional 13,140 shares in the last quarter. Willis Investment Counsel boosted its stake in shares of Paycom Software by 122.2% during the fourth quarter. Willis Investment Counsel now owns 22,100 shares of the software maker’s stock valued at $3,522,000 after purchasing an additional 12,156 shares in the last quarter. Nordea Investment Management AB increased its holdings in Paycom Software by 203.1% during the fourth quarter. Nordea Investment Management AB now owns 190,276 shares of the software maker’s stock valued at $30,336,000 after buying an additional 127,493 shares during the period. Finally, Harbor Capital Advisors Inc. purchased a new position in Paycom Software during the fourth quarter valued at approximately $1,911,000. 87.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. UBS Group reduced their price objective on shares of Paycom Software from $210.00 to $183.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. BMO Capital Markets lifted their price target on Paycom Software from $137.00 to $145.00 and gave the company a “market perform” rating in a report on Thursday, May 7th. Mizuho boosted their price target on Paycom Software from $120.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Citigroup upped their price objective on Paycom Software from $120.00 to $136.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Finally, Zacks Research raised Paycom Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $159.67.

Paycom Software Stock Performance

Shares of PAYC stock opened at $124.66 on Monday. Paycom Software, Inc. has a 12-month low of $104.90 and a 12-month high of $248.95. The business’s fifty day simple moving average is $131.85 and its 200-day simple moving average is $137.38. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.83. The company has a market cap of $5.94 billion, a PE ratio of 14.41, a PEG ratio of 1.08 and a beta of 0.79.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings data on Wednesday, May 6th. The software maker reported $3.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.16. Paycom Software had a return on equity of 28.34% and a net margin of 22.44%.The firm had revenue of $571.80 million during the quarter, compared to analysts’ expectations of $564.37 million. During the same quarter last year, the firm earned $2.80 EPS. The business’s quarterly revenue was up 7.8% on a year-over-year basis. Analysts expect that Paycom Software, Inc. will post 9.16 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th were paid a $0.375 dividend. The ex-dividend date was Tuesday, May 26th. This represents a $1.50 dividend on an annualized basis and a yield of 1.2%. Paycom Software’s dividend payout ratio (DPR) is 17.34%.

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.