Paycom Software, Inc. (NYSE:PAYC) Announces Quarterly Dividend of $0.38

Paycom Software, Inc. (NYSE:PAYC) announced a quarterly dividend on Monday, May 4th. Stockholders of record on Tuesday, May 26th will be given a dividend of 0.375 per share by the software maker on Monday, June 8th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, May 26th.

Paycom Software has a payout ratio of 15.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Paycom Software to earn $9.54 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 15.7%.

Paycom Software Trading Up 0.3%

PAYC opened at $132.30 on Tuesday. The stock has a market cap of $6.31 billion, a PE ratio of 16.35, a P/E/G ratio of 1.39 and a beta of 0.77. Paycom Software has a 1 year low of $104.90 and a 1 year high of $267.76. The stock’s 50 day simple moving average is $124.88 and its 200-day simple moving average is $147.63.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Wednesday, February 11th. The software maker reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.01. The business had revenue of $544.30 million for the quarter, compared to analysts’ expectations of $542.79 million. Paycom Software had a return on equity of 24.25% and a net margin of 22.10%.Paycom Software’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.32 earnings per share. Equities analysts forecast that Paycom Software will post 8.59 earnings per share for the current fiscal year.

Institutional Trading of Paycom Software

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Paycom Software by 3.2% during the third quarter. Vanguard Group Inc. now owns 5,802,788 shares of the software maker’s stock worth $1,207,792,000 after purchasing an additional 179,218 shares during the last quarter. State Street Corp grew its holdings in shares of Paycom Software by 0.4% during the fourth quarter. State Street Corp now owns 2,165,546 shares of the software maker’s stock worth $345,101,000 after purchasing an additional 8,419 shares during the last quarter. Baillie Gifford & Co. grew its holdings in shares of Paycom Software by 10.3% during the third quarter. Baillie Gifford & Co. now owns 1,708,662 shares of the software maker’s stock worth $355,641,000 after purchasing an additional 158,967 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Paycom Software by 19.9% during the fourth quarter. First Trust Advisors LP now owns 1,665,529 shares of the software maker’s stock worth $265,419,000 after purchasing an additional 275,954 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Paycom Software by 28.2% during the fourth quarter. Invesco Ltd. now owns 1,559,682 shares of the software maker’s stock worth $248,551,000 after purchasing an additional 343,494 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

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.