Dynamic Technology Lab Private Ltd Buys New Position in Paycom Software, Inc. $PAYC

Dynamic Technology Lab Private Ltd bought a new stake in Paycom Software, Inc. (NYSE:PAYC) during the fourth quarter, Holdings Channel.com reports. The fund bought 6,802 shares of the software maker’s stock, valued at approximately $1,084,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Korea Investment CORP raised its stake in Paycom Software by 161.9% in the fourth quarter. Korea Investment CORP now owns 108,525 shares of the software maker’s stock valued at $17,295,000 after purchasing an additional 67,089 shares in the last quarter. DRW Securities LLC purchased a new stake in Paycom Software in the fourth quarter valued at approximately $385,000. Cibc World Markets Corp purchased a new stake in Paycom Software in the fourth quarter valued at approximately $1,093,000. Dimensional Fund Advisors LP raised its stake in Paycom Software by 17.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 488,916 shares of the software maker’s stock valued at $77,919,000 after purchasing an additional 71,731 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in Paycom Software by 26.4% in the fourth quarter. California Public Employees Retirement System now owns 127,855 shares of the software maker’s stock valued at $20,375,000 after purchasing an additional 26,741 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Paycom Software Stock Up 1.6%

Shares of NYSE PAYC opened at $134.35 on Friday. 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 firm’s 50 day simple moving average is $131.34 and its two-hundred day simple moving average is $138.73. The stock has a market capitalization of $6.40 billion, a P/E ratio of 15.53, a PEG ratio of 1.15 and a beta of 0.79.

Paycom Software (NYSE:PAYC) last issued its earnings results 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 net margin of 22.44% and a return on equity of 28.34%. The firm had revenue of $571.80 million for the quarter, compared to analysts’ expectations of $564.37 million. During the same quarter last year, the business earned $2.80 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. As a group, analysts expect that Paycom Software, Inc. will post 9.16 EPS for the current fiscal year.

Paycom Software Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th were issued a $0.375 dividend. The ex-dividend date was Tuesday, May 26th. This represents a $1.50 annualized dividend and a dividend yield of 1.1%. Paycom Software’s dividend payout ratio (DPR) is currently 17.34%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PAYC. BMO Capital Markets increased their price target on shares of Paycom Software from $137.00 to $145.00 and gave the company a “market perform” rating in a research report on Thursday, May 7th. Cantor Fitzgerald increased their price target on shares of Paycom Software from $115.00 to $135.00 and gave the company a “neutral” rating in a research report on Friday, March 6th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Paycom Software in a research report on Friday, May 1st. TD Cowen increased their price target on shares of Paycom Software from $148.00 to $154.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, BTIG Research increased their price target on shares of Paycom Software from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company 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.