SG Americas Securities LLC Sells 155,174 Shares of Paycom Software, Inc. $PAYC

SG Americas Securities LLC decreased its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 96.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,098 shares of the software maker’s stock after selling 155,174 shares during the period. SG Americas Securities LLC’s holdings in Paycom Software were worth $741,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PAYC. True Wealth Design LLC grew its position in Paycom Software by 946.7% in the fourth quarter. True Wealth Design LLC now owns 157 shares of the software maker’s stock valued at $25,000 after acquiring an additional 142 shares during the last quarter. Brown Brothers Harriman & Co. increased its holdings in Paycom Software by 190.6% in the 4th quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker’s stock worth $25,000 after purchasing an additional 101 shares in the last quarter. Clearstead Advisors LLC raised its position in Paycom Software by 140.3% in the fourth quarter. Clearstead Advisors LLC now owns 161 shares of the software maker’s stock valued at $26,000 after purchasing an additional 94 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of Paycom Software during the second quarter valued at about $29,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of Paycom Software in the second quarter valued at approximately $33,000. 87.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. BTIG Research boosted their target price on shares of Paycom Software from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. TD Cowen lowered their target price on Paycom Software from $154.00 to $149.00 and set a “buy” rating for the company in a research report on Friday, June 26th. BMO Capital Markets increased their price target on Paycom Software from $137.00 to $145.00 and gave the company a “market perform” rating in a research note on Thursday, May 7th. Mizuho upped their target price on Paycom Software from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, Citigroup raised their price target on shares of Paycom Software from $120.00 to $136.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $159.25.

Paycom Software Stock Up 2.6%

Shares of Paycom Software stock opened at $143.59 on Tuesday. Paycom Software, Inc. has a one year low of $104.90 and a one year high of $248.95. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.08 and a quick ratio of 1.08. The stock’s 50-day moving average is $133.28 and its 200 day moving average is $134.76. The firm has a market cap of $6.84 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 1.19 and a beta of 0.80.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Wednesday, May 6th. The software maker reported $3.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.16. The firm had revenue of $571.80 million for the quarter, compared to analyst estimates of $564.37 million. Paycom Software had a return on equity of 28.34% and a net margin of 22.44%.The company’s revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.80 earnings per share. Equities research analysts anticipate that Paycom Software, Inc. will post 9.32 EPS for the current year.

Paycom Software Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th were issued 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 was Tuesday, May 26th. Paycom Software’s dividend payout ratio (DPR) is currently 17.34%.

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.