Goldman Sachs Group Inc. Has $88.04 Million Position in Paycom Software, Inc. $PAYC

Goldman Sachs Group Inc. lifted its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 5.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 552,470 shares of the software maker’s stock after purchasing an additional 27,069 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Paycom Software were worth $88,042,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. CYBER HORNET ETFs LLC acquired a new position in shares of Paycom Software during the second quarter worth about $29,000. Caitlin John LLC acquired a new position in Paycom Software during the third quarter valued at approximately $29,000. MUFG Securities EMEA plc acquired a new position in Paycom Software during the second quarter valued at approximately $33,000. True Wealth Design LLC boosted its position in Paycom Software by 946.7% during the fourth quarter. True Wealth Design LLC now owns 157 shares of the software maker’s stock valued at $25,000 after purchasing an additional 142 shares during the last quarter. Finally, Palisade Asset Management LLC acquired a new position in Paycom Software during the third quarter valued at approximately $33,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Paycom Software Price Performance

NYSE:PAYC opened at $136.17 on Wednesday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.83. The stock’s 50 day moving average price is $130.52 and its two-hundred day moving average price is $139.13. The firm has a market capitalization of $6.49 billion, a price-to-earnings ratio of 15.74, a P/E/G ratio of 1.18 and a beta of 0.79. Paycom Software, Inc. has a 12-month low of $104.90 and a 12-month high of $258.59.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data 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 business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.80 earnings per share. On average, analysts anticipate that Paycom Software, Inc. will post 9.16 earnings per share for the current year.

Paycom Software Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 1.1%. Paycom Software’s dividend payout ratio is currently 17.34%.

Wall Street Analyst Weigh In

PAYC has been the subject of several recent research reports. Mizuho increased their price target on Paycom Software from $120.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of Paycom Software in a research report on Friday, May 1st. 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 report on Thursday, May 7th. KeyCorp reduced their price target on Paycom Software from $250.00 to $195.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. Finally, Guggenheim reduced their price target on Paycom Software from $210.00 to $180.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Paycom Software presently has a consensus rating of “Hold” and a consensus target price of $159.67.

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.