Paycom Software, Inc. $PAYC Shares Bought by Philip James Wealth Mangement LLC

Philip James Wealth Mangement LLC increased its stake in Paycom Software, Inc. (NYSE:PAYC) by 2,660.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,427 shares of the software maker’s stock after acquiring an additional 24,506 shares during the quarter. Philip James Wealth Mangement LLC’s holdings in Paycom Software were worth $5,292,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of PAYC. CYBER HORNET ETFs LLC acquired a new position in shares of Paycom Software in the 2nd quarter valued at $29,000. Steigerwald Gordon & Koch Inc. purchased a new stake in Paycom Software during the third quarter valued at about $31,000. MUFG Securities EMEA plc purchased a new stake in Paycom Software during the second quarter valued at about $33,000. Blue Trust Inc. boosted its holdings in shares of Paycom Software by 540.6% in the third quarter. Blue Trust Inc. now owns 205 shares of the software maker’s stock worth $43,000 after buying an additional 173 shares during the period. Finally, Assetmark Inc. increased its position in shares of Paycom Software by 651.9% in the second quarter. Assetmark Inc. now owns 203 shares of the software maker’s stock worth $47,000 after acquiring an additional 176 shares in the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PAYC has been the subject of several research analyst reports. Mizuho reduced their price target on shares of Paycom Software from $220.00 to $180.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. BTIG Research assumed coverage on Paycom Software in a report on Wednesday, December 17th. They issued a “buy” rating and a $195.00 target price for the company. Citigroup decreased their target price on Paycom Software from $191.00 to $185.00 and set a “neutral” rating for the company in a research report on Tuesday, December 23rd. Zacks Research raised Paycom Software from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 20th. Finally, Jefferies Financial Group reduced their price objective on Paycom Software from $225.00 to $190.00 and set a “hold” rating for the company in a research note on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $219.86.

Paycom Software Stock Down 0.4%

Paycom Software stock opened at $157.13 on Friday. Paycom Software, Inc. has a 12 month low of $151.74 and a 12 month high of $267.76. The stock has a market cap of $8.84 billion, a P/E ratio of 19.54, a P/E/G ratio of 1.61 and a beta of 0.82. The company’s fifty day simple moving average is $163.37 and its 200-day simple moving average is $199.58.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, November 5th. The software maker reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.96 by ($0.02). Paycom Software had a return on equity of 24.79% and a net margin of 22.65%.The firm had revenue of $493.30 million for the quarter, compared to analysts’ expectations of $492.62 million. During the same quarter in the prior year, the business posted $1.67 earnings per share. Paycom Software’s revenue was up 9.2% on a year-over-year basis. On average, equities research analysts expect that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, November 24th were paid a $0.375 dividend. The ex-dividend date of this dividend was Monday, November 24th. This represents a $1.50 annualized dividend and a dividend yield of 1.0%. Paycom Software’s payout ratio is presently 18.66%.

Insider Buying and Selling

In related news, CFO Robert D. Foster sold 1,300 shares of the stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $162.66, for a total value of $211,458.00. Following the transaction, the chief financial officer owned 14,747 shares in the company, valued at approximately $2,398,747.02. This represents a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 10.90% of the company’s stock.

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.