Paycom Software, Inc. $PAYC Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC cut its holdings in Paycom Software, Inc. (NYSE:PAYC) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,660,647 shares of the software maker’s stock after selling 66,697 shares during the period. Geode Capital Management LLC’s holdings in Paycom Software were worth $263,834,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Allianz Asset Management GmbH lifted its stake in Paycom Software by 10,106.6% during the third quarter. Allianz Asset Management GmbH now owns 486,957 shares of the software maker’s stock worth $101,355,000 after purchasing an additional 482,186 shares in the last quarter. Baader Bank Aktiengesellschaft lifted its stake in Paycom Software by 37.1% during the third quarter. Baader Bank Aktiengesellschaft now owns 60,390 shares of the software maker’s stock worth $12,570,000 after purchasing an additional 16,357 shares in the last quarter. Sienna Gestion acquired a new position in Paycom Software during the third quarter worth $4,515,000. Berkeley Inc lifted its stake in Paycom Software by 47.5% during the fourth quarter. Berkeley Inc now owns 40,794 shares of the software maker’s stock worth $6,501,000 after purchasing an additional 13,140 shares in the last quarter. Finally, Willis Investment Counsel lifted its stake in Paycom Software by 122.2% during the fourth quarter. Willis Investment Counsel now owns 22,100 shares of the software maker’s stock worth $3,522,000 after purchasing an additional 12,156 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Paycom Software Stock Performance

Shares of PAYC stock opened at $148.89 on Tuesday. The stock’s 50-day moving average is $128.55 and its two-hundred day moving average is $140.22. The firm has a market cap of $7.09 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 1.21 and a beta of 0.77. Paycom Software, Inc. has a 1 year low of $104.90 and a 1 year high of $267.76. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.08 and a current ratio of 1.08.

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Wednesday, May 6th. The software maker reported $3.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $0.16. Paycom Software had a return on equity of 28.34% and a net margin of 22.44%.The firm had revenue of $571.80 million for the quarter, compared to analyst estimates of $564.37 million. During the same quarter last year, the company posted $2.80 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. Analysts predict that Paycom Software, Inc. will post 9.19 earnings per share for the current year.

Paycom Software Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Tuesday, May 26th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.0%. Paycom Software’s dividend payout ratio (DPR) is currently 17.34%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. UBS Group decreased their price target on Paycom Software from $210.00 to $183.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. TD Cowen upped their price target on Paycom Software from $148.00 to $154.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Zacks Research raised Paycom Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. BTIG Research upped their price objective on Paycom Software from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, BMO Capital Markets upped their price objective on Paycom Software from $137.00 to $145.00 and gave the stock a “market perform” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $159.67.

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.