Quantbot Technologies LP Purchases Shares of 27,050 Paycom Software, Inc. $PAYC

Quantbot Technologies LP acquired a new stake in shares of Paycom Software, Inc. (NYSE:PAYC) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 27,050 shares of the software maker’s stock, valued at approximately $3,400,000. Quantbot Technologies LP owned about 0.06% of Paycom Software as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. BlackRock Inc. purchased a new position in Paycom Software during the second quarter valued at approximately $632,460,000. Reinhart Partners LLC. grew its stake 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 period. Contour Asset Management LLC purchased a new position in shares of Paycom Software during the 4th quarter valued at approximately $60,333,000. Two Sigma Investments LP increased its holdings in shares of Paycom Software by 228.7% during the 3rd quarter. Two Sigma Investments LP now owns 532,124 shares of the software maker’s stock valued at $110,756,000 after purchasing an additional 370,219 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Paycom Software by 28.2% in the 4th quarter. Invesco Ltd. now owns 1,559,682 shares of the software maker’s stock valued at $248,551,000 after purchasing an additional 343,494 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Paycom Software Trading Up 0.1%

Shares of Paycom Software stock opened at $229.37 on Monday. The firm has a market capitalization of $10.34 billion, a PE ratio of 24.38, a P/E/G ratio of 1.29 and a beta of 0.75. Paycom Software, Inc. has a twelve month low of $104.90 and a twelve month high of $234.60. The firm’s 50-day moving average price is $160.58 and its 200 day moving average price is $139.89. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.57.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings data on Wednesday, August 5th. The software maker reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.38 by $0.40. Paycom Software had a return on equity of 37.06% and a net margin of 22.78%.The company had revenue of $531.20 million for the quarter, compared to analysts’ expectations of $513.12 million. During the same period in the previous year, the firm posted $2.06 EPS. Paycom Software’s revenue was up 9.8% compared to the same quarter last year. On average, sell-side analysts predict that Paycom Software, Inc. will post 10.48 EPS for the current fiscal year.

Paycom Software Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.7%. Paycom Software’s payout ratio is currently 15.94%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PAYC. UBS Group raised their price target on shares of Paycom Software from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Cantor Fitzgerald upped their price objective on shares of Paycom Software from $135.00 to $195.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. BTIG Research increased their target price on shares of Paycom Software from $160.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Barclays raised their target price on Paycom Software from $154.00 to $210.00 and gave the company an “equal weight” rating in a research report on Thursday, August 6th. Finally, Citigroup upped their price target on Paycom Software from $136.00 to $194.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $204.69.

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.