Quantbot Technologies LP Purchases New Stake in Paycom Software, Inc. $PAYC

Quantbot Technologies LP acquired a new position in shares of Paycom Software, Inc. (NYSE:PAYC) during the second quarter, HoldingsChannel.com reports. The firm acquired 27,050 shares of the software maker’s stock, valued at approximately $3,400,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PAYC. Brown Brothers Harriman & Co. raised its holdings in shares of Paycom Software by 190.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker’s stock worth $25,000 after acquiring an additional 101 shares during the period. Clearstead Advisors LLC boosted its position in shares of Paycom Software by 140.3% during the 4th quarter. Clearstead Advisors LLC now owns 161 shares of the software maker’s stock valued at $26,000 after acquiring an additional 94 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of Paycom Software in the second quarter valued at about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Paycom Software in the second quarter valued at about $33,000. Finally, MUFG Securities EMEA plc acquired a new stake in Paycom Software during the second quarter worth about $33,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Paycom Software Stock Up 0.1%

Paycom Software stock opened at $229.37 on Monday. The firm has a market capitalization of $10.34 billion, a P/E ratio of 24.38, a P/E/G ratio of 1.29 and a beta of 0.75. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.57. Paycom Software, Inc. has a twelve month low of $104.90 and a twelve month high of $234.60. The stock’s fifty day simple moving average is $160.58 and its 200-day simple moving average is $139.89.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Wednesday, August 5th. The software maker reported $2.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.38 by $0.40. Paycom Software had a net margin of 22.78% and a return on equity of 37.06%. The company had revenue of $531.20 million during the quarter, compared to the consensus estimate of $513.12 million. During the same quarter in the previous year, the firm earned $2.06 earnings per share. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. As a group, equities analysts expect that Paycom Software, Inc. will post 10.48 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, August 24th. Paycom Software’s dividend payout ratio (DPR) is presently 15.94%.

Analyst Ratings Changes

PAYC has been the subject of a number of recent analyst reports. BMO Capital Markets raised their price target on shares of Paycom Software from $145.00 to $208.00 and gave the stock a “market perform” rating in a report on Thursday, August 6th. Cantor Fitzgerald increased their price objective on Paycom Software from $135.00 to $195.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. BTIG Research increased their price objective on Paycom Software from $160.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Guggenheim lifted their target price on Paycom Software from $180.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, TD Cowen increased their price target on Paycom Software from $149.00 to $244.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $204.69.

Paycom Software 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.