Paycom Software, Inc. $PAYC Shares Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 20.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 465,295 shares of the software maker’s stock after purchasing an additional 77,703 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Paycom Software were worth $96,847,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. CYBER HORNET ETFs LLC purchased a new position in Paycom Software in the 2nd quarter valued at approximately $29,000. Steigerwald Gordon & Koch Inc. purchased a new position in Paycom Software in the third quarter valued at $31,000. MUFG Securities EMEA plc purchased a new position in Paycom Software in the second quarter valued at $33,000. Bogart Wealth LLC increased its holdings in Paycom Software by 100.0% during the 3rd quarter. Bogart Wealth LLC now owns 200 shares of the software maker’s stock worth $42,000 after purchasing an additional 100 shares during the period. Finally, Blue Trust Inc. raised its holdings in Paycom Software by 540.6% in the third quarter. Blue Trust Inc. now owns 205 shares of the software maker’s stock valued at $43,000 after acquiring an additional 173 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analysts Set New Price Targets

PAYC has been the subject of several research analyst reports. Citigroup lowered their target price on shares of Paycom Software from $191.00 to $185.00 and set a “neutral” rating for the company in a report on Tuesday, December 23rd. BTIG Research initiated coverage on Paycom Software in a research report on Wednesday, December 17th. They set a “buy” rating and a $195.00 price target on the stock. KeyCorp decreased their price objective on Paycom Software from $290.00 to $250.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Guggenheim initiated coverage on shares of Paycom Software in a research report on Friday, September 26th. They set a “buy” rating and a $270.00 price objective on the stock. Finally, TD Cowen lowered their price objective on shares of Paycom Software from $200.00 to $184.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. One investment 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $212.14.

Paycom Software Trading Down 0.5%

NYSE:PAYC opened at $147.61 on Wednesday. Paycom Software, Inc. has a twelve month low of $145.61 and a twelve month high of $267.76. The company has a market capitalization of $8.31 billion, a P/E ratio of 18.36, a price-to-earnings-growth ratio of 1.52 and a beta of 0.82. The firm has a 50-day moving average price of $160.45 and a two-hundred day moving average price of $195.58.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings data on Wednesday, November 5th. The software maker reported $1.94 EPS for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.02). The company had revenue of $493.30 million for 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%.The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.67 EPS. On average, equities research analysts predict that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, November 24th 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 Monday, November 24th. Paycom Software’s dividend payout ratio (DPR) is 18.66%.

Insider Activity at Paycom Software

In related news, CFO Robert D. Foster sold 1,300 shares of the 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 completion of the sale, the chief financial officer owned 14,747 shares of the company’s stock, valued at approximately $2,398,747.02. This represents a 8.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.90% of the stock is currently owned by company insiders.

Paycom Software Company 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.