Paycom Software, Inc. $PAYC Shares Sold by Quantitative Investment Management LLC

Quantitative Investment Management LLC cut its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 83.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,825 shares of the software maker’s stock after selling 9,013 shares during the period. Quantitative Investment Management LLC’s holdings in Paycom Software were worth $229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of PAYC. CYBER HORNET ETFs LLC acquired a new position in Paycom Software in the second quarter valued at $29,000. MUFG Securities EMEA plc purchased a new stake in Paycom Software during the second quarter worth about $33,000. Brown Brothers Harriman & Co. boosted its holdings in Paycom Software by 190.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker’s stock worth $25,000 after buying an additional 101 shares in the last quarter. Palisade Asset Management LLC purchased a new stake in Paycom Software during the third quarter worth about $33,000. Finally, Clearstead Advisors LLC boosted its holdings in Paycom Software by 140.3% during the fourth quarter. Clearstead Advisors LLC now owns 161 shares of the software maker’s stock worth $26,000 after buying an additional 94 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

PAYC has been the topic of several recent research reports. Mizuho upped their price target on shares of Paycom Software from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. TD Cowen upped their price target on shares of Paycom Software from $149.00 to $244.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. KeyCorp increased their price objective on shares of Paycom Software from $195.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. increased their price objective on shares of Paycom Software from $140.00 to $264.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 25th. Finally, UBS Group increased their price objective on shares of Paycom Software from $205.00 to $285.00 and gave the stock a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $214.23.

Paycom Software Stock Up 2.9%

NYSE PAYC traded up $6.78 during trading hours on Thursday, reaching $243.03. 28,490 shares of the company traded hands, compared to its average volume of 1,278,218. Paycom Software, Inc. has a 12 month low of $104.90 and a 12 month high of $244.98. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.57. The stock has a market capitalization of $10.95 billion, a PE ratio of 25.96, a PEG ratio of 1.32 and a beta of 0.78. The company has a 50 day moving average of $177.95 and a two-hundred day moving average of $146.04.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings results on Wednesday, August 5th. The software maker reported $2.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.38 by $0.40. Paycom Software had a net margin of 22.78% and a return on equity of 37.06%. The company had revenue of $531.20 million for the quarter, compared to the consensus estimate of $513.12 million. During the same period last year, the firm posted $2.06 EPS. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. As a group, equities analysts expect that Paycom Software, Inc. will post 10.65 earnings per share for the current year.

Paycom Software Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, August 24th. Paycom Software’s dividend payout ratio (DPR) is 15.94%.

Insider Buying and Selling at Paycom Software

In related news, insider Shane Hadlock sold 241 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $240.07, for a total value of $57,856.87. Following the sale, the insider owned 69,911 shares of the company’s stock, valued at $16,783,533.77. This trade represents a 0.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 13.20% of the stock is currently owned by company insiders.

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.