Candriam S.C.A. Reduces Holdings in Paycom Software, Inc. $PAYC

Candriam S.C.A. decreased its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 82.2% during the first quarter, HoldingsChannel reports. The fund owned 12,066 shares of the software maker’s stock after selling 55,611 shares during the quarter. Candriam S.C.A.’s holdings in Paycom Software were worth $1,467,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. True Wealth Design LLC lifted its stake in shares of Paycom Software by 946.7% during the 4th quarter. True Wealth Design LLC now owns 157 shares of the software maker’s stock worth $25,000 after acquiring an additional 142 shares during the last quarter. Brown Brothers Harriman & Co. boosted its holdings in Paycom Software by 190.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker’s stock valued at $25,000 after acquiring an additional 101 shares during the period. Clearstead Advisors LLC grew its position in Paycom Software by 140.3% in the 4th quarter. Clearstead Advisors LLC now owns 161 shares of the software maker’s stock valued at $26,000 after acquiring an additional 94 shares during the last quarter. CYBER HORNET ETFs LLC bought a new position in Paycom Software in the 2nd quarter valued at $29,000. Finally, MUFG Securities EMEA plc purchased a new stake in Paycom Software in the second quarter worth $33,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Paycom Software Price Performance

NYSE PAYC opened at $143.55 on Wednesday. The company has a market cap of $6.84 billion, a PE ratio of 16.60, a P/E/G ratio of 1.25 and a beta of 0.80. The firm’s 50 day moving average price is $135.11 and its 200-day moving average price is $133.86. 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 52-week low of $104.90 and a 52-week high of $248.95.

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

Paycom Software Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, May 26th. Paycom Software’s payout ratio is presently 17.34%.

Analysts Set New Price Targets

Several research firms have recently weighed in on PAYC. BTIG Research lifted their target price on Paycom Software from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. TD Cowen cut their price target on shares of Paycom Software from $154.00 to $149.00 and set a “buy” rating on the stock in a report on Friday, June 26th. Mizuho raised their price target on shares of Paycom Software from $120.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Barclays reduced their price target on shares of Paycom Software from $150.00 to $148.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 7th. Finally, BMO Capital Markets boosted 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 report on Thursday, May 7th. One 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $159.25.

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.