Swiss Life Asset Management Ltd Grows Holdings in Paycom Software, Inc. $PAYC

Swiss Life Asset Management Ltd increased its holdings in Paycom Software, Inc. (NYSE:PAYC) by 384.1% in the 4th quarter, Holdings Channel reports. The fund owned 48,010 shares of the software maker’s stock after buying an additional 38,093 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Paycom Software were worth $7,651,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. UMB Bank n.a. grew its holdings in Paycom Software by 7.6% in the third quarter. UMB Bank n.a. now owns 789 shares of the software maker’s stock worth $164,000 after purchasing an additional 56 shares during the period. Mackenzie Financial Corp increased its stake in shares of Paycom Software by 4.0% during the third quarter. Mackenzie Financial Corp now owns 1,624 shares of the software maker’s stock valued at $338,000 after purchasing an additional 63 shares in the last quarter. Davis Investment Partners LLC lifted its holdings in shares of Paycom Software by 2.3% during the fourth quarter. Davis Investment Partners LLC now owns 2,988 shares of the software maker’s stock valued at $455,000 after purchasing an additional 68 shares during the last quarter. Compound Planning Inc. lifted its holdings in shares of Paycom Software by 2.9% during the third quarter. Compound Planning Inc. now owns 2,899 shares of the software maker’s stock valued at $603,000 after purchasing an additional 83 shares during the last quarter. Finally, Boyd Watterson Asset Management LLC OH boosted its position in shares of Paycom Software by 0.8% in the 3rd quarter. Boyd Watterson Asset Management LLC OH now owns 10,576 shares of the software maker’s stock worth $2,201,000 after purchasing an additional 84 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Paycom Software Stock Performance

PAYC stock opened at $134.90 on Thursday. The stock has a market capitalization of $6.43 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 1.25 and a beta of 0.77. Paycom Software, Inc. has a 12-month low of $104.90 and a 12-month high of $267.76. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.83. The stock’s 50 day simple moving average is $126.62 and its 200 day simple moving average is $144.33.

Paycom Software (NYSE:PAYC) last posted its earnings results on Wednesday, May 6th. The software maker reported $3.15 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 business had revenue of $571.80 million during the quarter, compared to analyst estimates of $564.37 million. During the same quarter last year, the company earned $2.80 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, research analysts forecast that Paycom Software, Inc. will post 8.73 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Tuesday, May 26th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, May 26th. Paycom Software’s dividend payout ratio (DPR) is presently 17.34%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PAYC shares. Jefferies Financial Group reduced their price objective on Paycom Software from $190.00 to $130.00 and set a “hold” rating for the company in a research report on Thursday, February 12th. Guggenheim dropped their target price on Paycom Software from $210.00 to $180.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. BMO Capital Markets increased their target price on Paycom Software from $137.00 to $145.00 and gave the stock a “market perform” rating in a research note on Thursday, May 7th. Barclays reduced their price target on Paycom Software from $150.00 to $148.00 and set an “equal weight” rating for the company in a report on Thursday, May 7th. Finally, KeyCorp dropped their price target on shares of Paycom Software from $250.00 to $195.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. Five research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $159.67.

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.