Paycom Software, Inc. $PAYC Shares Bought by Intrinsic Value Partners LLC

Intrinsic Value Partners LLC grew its holdings in Paycom Software, Inc. (NYSE:PAYC) by 43.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,720 shares of the software maker’s stock after acquiring an additional 6,270 shares during the period. Paycom Software comprises approximately 1.9% of Intrinsic Value Partners LLC’s holdings, making the stock its 17th biggest holding. Intrinsic Value Partners LLC’s holdings in Paycom Software were worth $2,518,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Reinhart Partners LLC. increased its holdings in Paycom Software by 887.4% in the 4th quarter. Reinhart Partners LLC. now owns 598,323 shares of the software maker’s stock valued at $95,351,000 after purchasing an additional 537,726 shares in the last quarter. Contour Asset Management LLC acquired a new position in shares of Paycom Software during the fourth quarter worth about $60,333,000. Two Sigma Investments LP boosted its position in shares of Paycom Software by 228.7% in the third quarter. Two Sigma Investments LP now owns 532,124 shares of the software maker’s stock worth $110,756,000 after buying an additional 370,219 shares during the period. Invesco Ltd. boosted its position in shares of Paycom Software by 28.2% in the fourth quarter. Invesco Ltd. now owns 1,559,682 shares of the software maker’s stock worth $248,551,000 after buying an additional 343,494 shares during the period. Finally, River Road Asset Management LLC boosted its position in shares of Paycom Software by 481.9% in the fourth 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 period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on PAYC shares. UBS Group dropped their target price on Paycom Software from $210.00 to $183.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. TD Cowen lowered their price objective on shares of Paycom Software from $154.00 to $149.00 and set a “buy” rating for the company in a research report on Friday, June 26th. BMO Capital Markets lifted their price objective on shares of Paycom Software from $137.00 to $145.00 and gave the company a “market perform” rating in a research note on Thursday, May 7th. Zacks Research upgraded shares of Paycom Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. Finally, Citigroup boosted their target price on shares of Paycom Software from $120.00 to $136.00 and gave the stock a “neutral” 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 assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $159.25.

Paycom Software Stock Down 0.2%

Shares of NYSE PAYC opened at $138.88 on Monday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.08 and a current ratio of 1.08. Paycom Software, Inc. has a 1 year low of $104.90 and a 1 year high of $248.95. The stock’s 50-day simple moving average is $132.99 and its 200-day simple moving average is $134.92. The firm has a market cap of $6.61 billion, a price-to-earnings ratio of 16.06, a PEG ratio of 1.19 and a beta of 0.80.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Wednesday, May 6th. The software maker reported $3.15 EPS for the quarter, beating analysts’ consensus estimates of $2.99 by $0.16. Paycom Software had a return on equity of 28.34% and a net margin of 22.44%.The firm had revenue of $571.80 million during the quarter, compared to the consensus estimate of $564.37 million. During the same quarter in the prior year, the business posted $2.80 earnings per share. Paycom Software’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, equities analysts anticipate that Paycom Software, Inc. will post 9.32 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

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

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.