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

Paycom Software, Inc. (NYSE:PAYC) announced a quarterly dividend on Monday, August 3rd. Shareholders of record on Monday, August 24th will be given a dividend of 0.375 per share by the software maker on Tuesday, September 8th. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, August 24th.

Paycom Software has a payout ratio of 15.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Paycom Software to earn $10.42 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 14.4%.

Paycom Software Stock Up 2.8%

NYSE PAYC opened at $168.60 on Tuesday. Paycom Software has a twelve month low of $104.90 and a twelve month high of $248.95. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market cap of $8.03 billion, a PE ratio of 19.49, a PEG ratio of 1.39 and a beta of 0.75. The firm has a 50-day simple moving average of $139.71 and a 200 day simple moving average of $133.35.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, May 6th. The software maker reported $3.15 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.16. Paycom Software had a return on equity of 28.34% and a net margin of 22.44%.The company had revenue of $571.80 million for the quarter, compared to analyst estimates of $564.37 million. During the same quarter last year, the firm earned $2.80 EPS. Paycom Software’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, research analysts forecast that Paycom Software will post 9.37 EPS for the current year.

Institutional Trading of Paycom Software

Hedge funds have recently modified their holdings of the stock. Brighton Jones LLC bought a new position in Paycom Software in the 4th quarter valued at $638,000. AQR Capital Management LLC lifted its stake in shares of Paycom Software by 23.7% during the first quarter. AQR Capital Management LLC now owns 19,155 shares of the software maker’s stock valued at $4,136,000 after acquiring an additional 3,674 shares during the period. United Services Automobile Association acquired a new position in shares of Paycom Software during the first quarter valued at $215,000. Empowered Funds LLC boosted its holdings in Paycom Software by 22.8% in the first quarter. Empowered Funds LLC now owns 7,958 shares of the software maker’s stock valued at $1,739,000 after acquiring an additional 1,480 shares during the last quarter. Finally, Focus Partners Wealth boosted its holdings in Paycom Software by 220.8% in the first quarter. Focus Partners Wealth now owns 3,940 shares of the software maker’s stock valued at $861,000 after acquiring an additional 2,712 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

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.