Sanctuary Advisors LLC Acquires Shares of 21,107 Paycom Software, Inc. $PAYC

Sanctuary Advisors LLC bought a new position in Paycom Software, Inc. (NYSE:PAYC) during the second quarter, Holdings Channel.com reports. The institutional investor bought 21,107 shares of the software maker’s stock, valued at approximately $2,653,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of Paycom Software in the second quarter valued at about $632,460,000. Reinhart Partners LLC. raised its stake in Paycom Software by 887.4% during the fourth quarter. Reinhart Partners LLC. now owns 598,323 shares of the software maker’s stock worth $95,351,000 after purchasing an additional 537,726 shares during the period. Contour Asset Management LLC purchased a new position in Paycom Software during the fourth quarter worth about $60,333,000. Two Sigma Investments LP boosted its holdings in Paycom Software by 228.7% in the 3rd quarter. Two Sigma Investments LP now owns 532,124 shares of the software maker’s stock valued at $110,756,000 after purchasing an additional 370,219 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Paycom Software by 28.2% in the 4th quarter. Invesco Ltd. now owns 1,559,682 shares of the software maker’s stock valued at $248,551,000 after purchasing an additional 343,494 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on PAYC. Barclays increased their price target on shares of Paycom Software from $154.00 to $210.00 and gave the company an “equal weight” rating in a research note on Thursday, August 6th. Guggenheim upped their price objective on Paycom Software from $180.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, August 6th. BTIG Research increased their price objective on Paycom Software from $160.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Weiss Ratings upgraded Paycom Software from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Finally, UBS Group raised their target price on Paycom Software from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $208.08.

Paycom Software Price Performance

Shares of PAYC opened at $231.80 on Wednesday. Paycom Software, Inc. has a 1-year low of $104.90 and a 1-year high of $233.46. The stock has a market cap of $10.45 billion, a PE ratio of 24.63, a P/E/G ratio of 1.30 and a beta of 0.76. The firm has a 50-day simple moving average of $164.53 and a two-hundred day simple moving average of $141.35. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.07 and a quick ratio of 1.07.

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Wednesday, August 5th. The software maker reported $2.78 earnings per share (EPS) for the quarter, beating 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 business had revenue of $531.20 million for the quarter, compared to the consensus estimate of $513.12 million. During the same period in the previous year, the firm earned $2.06 EPS. The business’s revenue was up 9.8% on a year-over-year basis. As a group, analysts forecast that Paycom Software, Inc. will post 10.48 EPS for the current year.

Paycom Software Dividend Announcement

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

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.