Quantitative Investment Management LLC Decreases Holdings in Paycom Software, Inc. $PAYC

Quantitative Investment Management LLC reduced its stake in Paycom Software, Inc. (NYSE:PAYC) by 83.2% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,825 shares of the software maker’s stock after selling 9,013 shares during the period. Quantitative Investment Management LLC’s holdings in Paycom Software were worth $229,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Two Sigma Securities LLC grew its position in shares of Paycom Software by 6.7% during the 2nd quarter. Two Sigma Securities LLC now owns 4,506 shares of the software maker’s stock valued at $566,000 after acquiring an additional 281 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Paycom Software by 5.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 13,906 shares of the software maker’s stock valued at $1,748,000 after purchasing an additional 706 shares during the last quarter. Van ECK Associates Corp purchased a new position in Paycom Software in the second quarter valued at approximately $4,888,000. Wellington Management Group LLP grew its holdings in Paycom Software by 168.6% during the second quarter. Wellington Management Group LLP now owns 27,862 shares of the software maker’s stock valued at $3,502,000 after purchasing an additional 17,488 shares during the period. Finally, Beacon Pointe Advisors LLC bought a new position in Paycom Software during the second quarter valued at $447,000. Institutional investors own 87.77% of the company’s stock.

Insider Transactions at Paycom Software

In related news, insider Terrell Shane Hadlock sold 241 shares of the business’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $240.07, for a total transaction of $57,856.87. Following the completion of the transaction, the insider directly owned 69,911 shares in the company, valued at $16,783,533.77. The trade was a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 13.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on PAYC shares. TD Cowen boosted their target price on Paycom Software from $149.00 to $244.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Guggenheim lifted their price objective on Paycom Software from $180.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Zacks Research raised shares of Paycom Software from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. JPMorgan Chase & Co. increased their target price on shares of Paycom Software from $140.00 to $264.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 25th. Finally, Weiss Ratings upgraded shares of Paycom Software from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $214.23.

Paycom Software Stock Performance

Shares of PAYC opened at $235.49 on Thursday. The stock’s 50-day simple moving average is $177.95 and its 200 day simple moving average is $146.04. The stock has a market capitalization of $10.61 billion, a price-to-earnings ratio of 25.03, a price-to-earnings-growth ratio of 1.32 and a beta of 0.78. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.07 and a current ratio of 1.07. Paycom Software, Inc. has a 52-week low of $104.90 and a 52-week high of $243.28.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings results on Wednesday, August 5th. The software maker reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.40. Paycom Software had a return on equity of 37.06% and a net margin of 22.78%.The firm had revenue of $531.20 million for the quarter, compared to analysts’ expectations of $513.12 million. During the same period in the prior year, the business posted $2.06 earnings per share. The company’s revenue was up 9.8% on a year-over-year basis. Research analysts forecast that Paycom Software, Inc. will post 10.65 EPS for the current fiscal year.

Paycom Software Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Monday, August 24th. Paycom Software’s dividend payout ratio (DPR) is 15.94%.

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.