Jupiter Topco LLC Takes $2.24 Million Position in Paycom Software, Inc. $PAYC

Jupiter Topco LLC acquired a new position in Paycom Software, Inc. (NYSE:PAYC) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 17,800 shares of the software maker’s stock, valued at approximately $2,239,000.

A number of other institutional investors and hedge funds have also bought and sold shares of PAYC. Brown Brothers Harriman & Co. raised its stake 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 purchasing an additional 101 shares during the last quarter. Clearstead Advisors LLC boosted its holdings 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 purchasing an additional 94 shares during the period. CYBER HORNET ETFs LLC bought a new stake in Paycom Software in the 2nd quarter valued at $29,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Paycom Software in the 2nd quarter worth $33,000. Finally, MUFG Securities EMEA plc acquired a new stake in Paycom Software in the 2nd quarter worth $33,000. Institutional investors own 87.77% of the company’s stock.

Paycom Software Stock Up 1.9%

Shares of PAYC opened at $240.70 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.57. The company has a 50-day moving average price of $180.28 and a two-hundred day moving average price of $146.85. The stock has a market cap of $10.85 billion, a price-to-earnings ratio of 25.58, a P/E/G ratio of 1.31 and a beta of 0.78. Paycom Software, Inc. has a 12 month low of $104.90 and a 12 month high of $244.98.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Wednesday, August 5th. The software maker reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.40. Paycom Software had a return on equity of 37.06% and a net margin of 22.78%.The company had revenue of $531.20 million for the quarter, compared to analyst estimates of $513.12 million. During the same period in the prior year, the company posted $2.06 EPS. The company’s revenue was up 9.8% compared to the same quarter last year. Equities analysts predict that Paycom Software, Inc. will post 10.65 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The business also recently declared 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. This represents a $1.50 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Monday, August 24th. Paycom Software’s dividend payout ratio is 15.94%.

Insiders Place Their Bets

In other Paycom Software news, insider Shane Hadlock sold 241 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $240.07, for a total transaction of $57,856.87. Following the completion of the transaction, the insider directly owned 69,911 shares in the company, valued at $16,783,533.77. This represents a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 13.20% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Barclays upped their price objective on shares of Paycom Software from $154.00 to $210.00 and gave the company an “equal weight” rating in a research report on Thursday, August 6th. Zacks Research raised Paycom Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. KeyCorp boosted their price target on Paycom Software from $195.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Guggenheim upped their price target on Paycom Software from $180.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, BMO Capital Markets upped their price target on Paycom Software from $145.00 to $208.00 and gave the company a “market perform” rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, Paycom Software currently has an average rating of “Hold” and a consensus target price of $214.23.

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.