Weiss Asset Management LP Makes New $4.40 Million Investment in Paycom Software, Inc. $PAYC

Weiss Asset Management LP acquired a new stake in Paycom Software, Inc. (NYSE:PAYC) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 36,176 shares of the software maker’s stock, valued at approximately $4,397,000.

A number of other hedge funds and other institutional investors have also modified their holdings of PAYC. Reinhart Partners LLC. lifted its position in shares of Paycom Software by 887.4% during the 4th quarter. Reinhart Partners LLC. now owns 598,323 shares of the software maker’s stock worth $95,351,000 after purchasing an additional 537,726 shares during the last quarter. Contour Asset Management LLC purchased a new position in Paycom Software in the fourth quarter valued at $60,333,000. Two Sigma Investments LP increased its holdings in Paycom Software by 228.7% in the third quarter. Two Sigma Investments LP now owns 532,124 shares of the software maker’s stock valued at $110,756,000 after buying an additional 370,219 shares during the last quarter. Invesco Ltd. raised its stake in Paycom Software by 28.2% in the fourth quarter. Invesco Ltd. now owns 1,559,682 shares of the software maker’s stock valued at $248,551,000 after buying an additional 343,494 shares in the last quarter. Finally, River Road Asset Management LLC lifted its holdings in Paycom Software by 481.9% during the 4th quarter. River Road Asset Management LLC now owns 392,403 shares of the software maker’s stock worth $62,533,000 after buying an additional 324,970 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Paycom Software Stock Performance

NYSE PAYC opened at $145.71 on Monday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.08 and a quick ratio of 1.08. Paycom Software, Inc. has a 1 year low of $104.90 and a 1 year high of $248.95. The company has a market capitalization of $6.94 billion, a PE ratio of 16.84, a P/E/G ratio of 1.23 and a beta of 0.80. The company has a fifty day moving average of $136.71 and a two-hundred day moving average of $133.12.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Wednesday, May 6th. The software maker reported $3.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.99 by $0.16. Paycom Software had a return on equity of 28.34% and a net margin of 22.44%.The company had revenue of $571.80 million for the quarter, compared to analyst estimates of $564.37 million. During the same quarter last year, the company posted $2.80 earnings per share. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, analysts expect that Paycom Software, Inc. will post 9.37 earnings per share for the current year.

Paycom Software Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Tuesday, May 26th were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Tuesday, May 26th. Paycom Software’s dividend payout ratio (DPR) is currently 17.34%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. BMO Capital Markets upped their price objective on Paycom Software from $137.00 to $145.00 and gave the stock a “market perform” rating in a research report on Thursday, May 7th. BTIG Research raised their target price on Paycom Software from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Citigroup boosted their target price on Paycom Software from $120.00 to $136.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Barclays upped their price target on Paycom Software from $148.00 to $154.00 and gave the company an “equal weight” rating in a report on Tuesday, July 21st. Finally, Mizuho increased their price target on shares of Paycom Software from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $159.75.

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.