Paycom Software, Inc. $PAYC Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp reduced its holdings in Paycom Software, Inc. (NYSE:PAYC) by 9.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 147,231 shares of the software maker’s stock after selling 15,738 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Paycom Software were worth $30,645,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. CYBER HORNET ETFs LLC purchased a new position in Paycom Software in the second quarter worth $29,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Paycom Software during the 3rd quarter worth $31,000. MUFG Securities EMEA plc acquired a new position in shares of Paycom Software during the 2nd quarter worth $33,000. Bogart Wealth LLC increased its holdings in shares of Paycom Software by 100.0% in the 3rd quarter. Bogart Wealth LLC now owns 200 shares of the software maker’s stock valued at $42,000 after purchasing an additional 100 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake 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 valued at $43,000 after purchasing an additional 173 shares during the period. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Paycom Software Price Performance

Shares of Paycom Software stock opened at $152.22 on Monday. Paycom Software, Inc. has a 1 year low of $145.61 and a 1 year high of $267.76. The business has a 50 day moving average price of $159.57 and a 200 day moving average price of $193.85. The company has a market capitalization of $8.57 billion, a P/E ratio of 18.93, a P/E/G ratio of 1.56 and a beta of 0.82.

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Wednesday, November 5th. The software maker reported $1.94 earnings per share 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 company had revenue of $493.30 million for the quarter, compared to analysts’ expectations of $492.62 million. During the same period in the previous year, the business posted $1.67 EPS. The business’s quarterly revenue was up 9.2% on a year-over-year basis. As a group, research analysts expect that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, November 24th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Monday, November 24th. Paycom Software’s dividend payout ratio (DPR) is currently 18.66%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Zacks Research downgraded shares of Paycom Software from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. BTIG Research assumed coverage on shares of Paycom Software in a research report on Wednesday, December 17th. They set a “buy” rating and a $195.00 price target for the company. Jefferies Financial Group decreased their price target on Paycom Software from $225.00 to $190.00 and set a “hold” rating on the stock in a research note on Thursday, November 6th. Mizuho dropped their price objective on Paycom Software from $220.00 to $180.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Paycom Software in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $212.14.

Insiders Place Their Bets

In related news, CFO Robert D. Foster sold 1,300 shares of the business’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $162.66, for a total value of $211,458.00. Following the completion of the transaction, the chief financial officer owned 14,747 shares of the company’s stock, valued at approximately $2,398,747.02. The trade was a 8.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 10.90% 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.