Paycom Software, Inc. $PAYC Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC raised its position in Paycom Software, Inc. (NYSE:PAYC) by 25.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 98,103 shares of the software maker’s stock after buying an additional 19,937 shares during the quarter. Hsbc Holdings PLC’s holdings in Paycom Software were worth $15,651,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of PAYC. State Street Corp grew its holdings in shares of Paycom Software by 0.4% during the 4th 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 period. First Trust Advisors LP raised its holdings in Paycom Software by 19.9% in the fourth quarter. First Trust Advisors LP now owns 1,665,529 shares of the software maker’s stock valued at $265,419,000 after buying an additional 275,954 shares during the period. Invesco Ltd. raised its holdings in Paycom Software by 28.2% in the fourth quarter. Invesco Ltd. now owns 1,559,682 shares of the software maker’s stock valued at $248,551,000 after buying an additional 343,494 shares during the period. Federated Hermes Inc. lifted its position in Paycom Software by 12.7% during the fourth quarter. Federated Hermes Inc. now owns 624,371 shares of the software maker’s stock valued at $99,500,000 after buying an additional 70,208 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its stake in Paycom Software by 29.8% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 604,090 shares of the software maker’s stock worth $96,878,000 after buying an additional 138,795 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

Paycom Software Trading Up 2.5%

PAYC opened at $143.39 on Wednesday. The firm has a market capitalization of $6.83 billion, a P/E ratio of 16.58, a P/E/G ratio of 1.19 and a beta of 0.80. The firm’s 50 day moving average is $133.67 and its 200-day moving average is $134.60. Paycom Software, Inc. has a 52-week low of $104.90 and a 52-week high of $248.95. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.83.

Paycom Software (NYSE:PAYC) last announced its earnings results on Wednesday, May 6th. The software maker reported $3.15 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.16. The business had revenue of $571.80 million during the quarter, compared to the consensus estimate of $564.37 million. Paycom Software had a net margin of 22.44% and a return on equity of 28.34%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.80 earnings per share. Analysts expect that Paycom Software, Inc. will post 9.32 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th were paid a dividend of $0.375 per share. The ex-dividend date was Tuesday, May 26th. This represents a $1.50 annualized dividend and a dividend yield of 1.0%. Paycom Software’s dividend payout ratio (DPR) is currently 17.34%.

Wall Street Analyst Weigh In

PAYC has been the subject of several recent research reports. Mizuho increased their price objective on shares of Paycom Software from $120.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. UBS Group reduced their target price on shares of Paycom Software from $210.00 to $183.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. BTIG Research upped their price target on shares of Paycom Software from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Barclays lowered their price target on Paycom Software from $150.00 to $148.00 and set an “equal weight” rating for the company in a report on Thursday, May 7th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Paycom Software in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Paycom Software has a consensus rating of “Hold” and a consensus target price of $159.25.

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.