Paycom Software, Inc. $PAYC Shares Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd raised its holdings in Paycom Software, Inc. (NYSE:PAYC) by 311.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,197 shares of the software maker’s stock after buying an additional 34,976 shares during the quarter. WINTON GROUP Ltd’s holdings in Paycom Software were worth $5,806,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brown Brothers Harriman & Co. boosted its holdings in shares of Paycom Software by 190.6% in 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 increased its holdings in shares of Paycom Software by 140.3% during the 4th quarter. Clearstead Advisors LLC now owns 161 shares of the software maker’s stock worth $26,000 after buying an additional 94 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of Paycom Software during the 2nd quarter worth $29,000. Caitlin John LLC purchased a new position in shares of Paycom Software in the 2nd quarter worth $31,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Paycom Software in the 2nd quarter worth $33,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Insiders Place Their Bets

In other news, insider Shane Hadlock sold 241 shares of Paycom Software stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $240.07, for a total value of $57,856.87. Following the completion of the transaction, the insider directly owned 69,911 shares of the company’s stock, valued at approximately $16,783,533.77. The trade was a 0.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 13.20% of the stock is currently owned by insiders.

Paycom Software Stock Performance

Paycom Software stock opened at $216.11 on Friday. Paycom Software, Inc. has a 52 week low of $104.90 and a 52 week high of $244.98. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.57. The stock has a market cap of $9.74 billion, a P/E ratio of 22.97, a price-to-earnings-growth ratio of 1.20 and a beta of 0.78. The stock has a 50 day moving average of $189.44 and a 200-day moving average of $150.42.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Wednesday, August 5th. The software maker reported $2.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.38 by $0.40. The business had revenue of $531.20 million during the quarter, compared to analyst estimates of $513.12 million. Paycom Software had a net margin of 22.78% and a return on equity of 37.06%. The business’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.06 earnings per share. On average, analysts expect that Paycom Software, Inc. will post 10.65 EPS for the current fiscal year.

Paycom Software Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th were paid a dividend of $0.375 per share. The ex-dividend date was Monday, August 24th. This represents a $1.50 annualized dividend and a yield of 0.7%. Paycom Software’s payout ratio is presently 15.94%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PAYC shares. TD Cowen lifted their price objective on Paycom Software from $149.00 to $244.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. KeyCorp increased their target price on shares of Paycom Software from $195.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Citigroup raised their price target on shares of Paycom Software from $136.00 to $194.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Stifel Nicolaus lifted their price target on shares of Paycom Software from $120.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, August 6th. Finally, Cantor Fitzgerald boosted their price objective on shares of Paycom Software from $135.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. One investment 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 company. According to data from MarketBeat, Paycom Software currently has a consensus rating of “Hold” and an average price target of $214.23.

About Paycom Software

Paycom Software, Inc is a provider of cloud-based payroll and human capital management (HCM) software for businesses. Its platform is designed to help organizations manage employee data and payroll processes through a unified system, serving small, midsize and larger employers primarily in the United States.

The company’s products and services include payroll processing, tax management, time and labor management, talent acquisition, onboarding, employee learning, performance management, compensation planning, benefits administration, expense management and compliance tools.