Swedbank AB Increases Stock Position in Paycom Software, Inc. $PAYC

Swedbank AB increased its holdings in Paycom Software, Inc. (NYSE:PAYC) by 5.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 78,724 shares of the software maker’s stock after buying an additional 3,835 shares during the period. Swedbank AB’s holdings in Paycom Software were worth $16,386,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Alyeska Investment Group L.P. bought a new position in shares of Paycom Software in the first quarter worth $114,440,000. Jennison Associates LLC purchased a new position in Paycom Software during the 2nd quarter valued at about $49,853,000. Vanguard Group Inc. increased its position in shares of Paycom Software by 3.0% during the second quarter. Vanguard Group Inc. now owns 5,623,570 shares of the software maker’s stock valued at $1,301,294,000 after buying an additional 165,647 shares during the period. State Street Corp lifted its holdings in shares of Paycom Software by 8.4% in the second quarter. State Street Corp now owns 2,097,910 shares of the software maker’s stock worth $485,456,000 after buying an additional 162,477 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Paycom Software by 5,691.0% in the second quarter. SG Americas Securities LLC now owns 155,489 shares of the software maker’s stock valued at $35,980,000 after acquiring an additional 152,804 shares during the period. Institutional investors own 87.77% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. UBS Group decreased their target price on shares of Paycom Software from $285.00 to $245.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Guggenheim assumed coverage on shares of Paycom Software in a report on Friday, September 26th. They issued a “buy” rating and a $270.00 price target on the stock. JPMorgan Chase & Co. dropped their price objective on Paycom Software from $235.00 to $220.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Zacks Research upgraded Paycom Software from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 20th. Finally, BTIG Research initiated coverage on Paycom Software in a report on Wednesday, December 17th. They issued a “buy” rating and a $195.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $221.00.

Insider Activity at Paycom Software

In other Paycom Software news, CFO Robert D. Foster sold 1,300 shares of Paycom Software stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $162.66, for a total transaction of $211,458.00. Following the transaction, the chief financial officer directly owned 14,747 shares of the company’s stock, valued at approximately $2,398,747.02. This trade represents a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 10.90% of the company’s stock.

Paycom Software Stock Up 0.1%

PAYC opened at $160.49 on Friday. The business’s fifty day simple moving average is $171.26 and its 200 day simple moving average is $205.69. Paycom Software, Inc. has a 52 week low of $156.50 and a 52 week high of $267.76. The stock has a market cap of $9.03 billion, a PE ratio of 19.96, a P/E/G ratio of 1.74 and a beta of 0.84.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings data on Wednesday, November 5th. The software maker reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.02). The firm had revenue of $493.30 million during the quarter, compared to analysts’ expectations of $492.62 million. Paycom Software had a return on equity of 24.79% and a net margin of 22.65%.Paycom Software’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 earnings per share. As a group, equities analysts anticipate that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Monday, November 24th were paid a $0.375 dividend. The ex-dividend date of this dividend was Monday, November 24th. This represents a $1.50 annualized dividend and a yield of 0.9%. Paycom Software’s dividend payout ratio is currently 18.66%.

About Paycom Software

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.