Greenland Capital Management LP Makes New Investment in Paycom Software, Inc. $PAYC

Greenland Capital Management LP bought a new stake in Paycom Software, Inc. (NYSE:PAYC) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,452 shares of the software maker’s stock, valued at approximately $799,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Brooklyn Investment Group grew its holdings in shares of Paycom Software by 19.4% in the 1st quarter. Brooklyn Investment Group now owns 240 shares of the software maker’s stock worth $52,000 after acquiring an additional 39 shares during the period. Commerce Bank raised its holdings in Paycom Software by 2.2% during the first quarter. Commerce Bank now owns 2,351 shares of the software maker’s stock worth $514,000 after purchasing an additional 50 shares during the last quarter. US Bancorp DE boosted its position in Paycom Software by 0.5% during the first quarter. US Bancorp DE now owns 10,421 shares of the software maker’s stock worth $2,277,000 after purchasing an additional 57 shares in the last quarter. Applied Finance Capital Management LLC grew its holdings in Paycom Software by 4.3% in the second quarter. Applied Finance Capital Management LLC now owns 1,425 shares of the software maker’s stock valued at $330,000 after purchasing an additional 59 shares during the last quarter. Finally, Wallace Advisory Group LLC grew its holdings in Paycom Software by 2.7% in the second quarter. Wallace Advisory Group LLC now owns 2,262 shares of the software maker’s stock valued at $494,000 after purchasing an additional 60 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on PAYC shares. Barclays cut their price target on Paycom Software from $225.00 to $210.00 and set an “equal weight” rating for the company in a research note on Thursday, November 6th. BMO Capital Markets lifted their target price on shares of Paycom Software from $244.00 to $258.00 and gave the stock a “market perform” rating in a research report on Thursday, August 7th. JPMorgan Chase & Co. lowered their price target on shares of Paycom Software from $235.00 to $220.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. KeyCorp cut their price objective on Paycom Software from $290.00 to $250.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Finally, Cantor Fitzgerald upgraded Paycom Software to a “hold” rating in a report on Thursday, September 11th. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Paycom Software currently has a consensus rating of “Hold” and an average price target of $225.77.

Paycom Software Stock Performance

PAYC stock opened at $160.94 on Thursday. The stock has a market capitalization of $9.06 billion, a P/E ratio of 20.02, a PEG ratio of 1.76 and a beta of 0.88. Paycom Software, Inc. has a one year low of $156.50 and a one year high of $267.76. The company has a 50 day moving average price of $196.59 and a two-hundred day moving average price of $222.86.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings data on Wednesday, November 5th. The software maker reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.96 by ($0.02). The business had revenue of $493.30 million for the quarter, compared to analyst estimates of $492.62 million. Paycom Software had a return on equity of 24.79% and a net margin of 22.65%.Paycom Software’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.67 EPS. Paycom Software has set its FY 2025 guidance at EPS. Research analysts forecast that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 8th. Investors of record on Monday, November 24th will be given a $0.375 dividend. The ex-dividend date of this dividend is Monday, November 24th. This represents a $1.50 annualized dividend and a dividend yield of 0.9%. Paycom Software’s dividend payout ratio (DPR) is currently 18.66%.

Insider Transactions at Paycom Software

In other Paycom Software news, insider Bradley Scott Smith sold 1,500 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $223.27, for a total transaction of $334,905.00. Following the transaction, the insider owned 24,533 shares of the company’s stock, valued at $5,477,482.91. This trade represents a 5.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 10.90% of the company’s stock.

Paycom Software Profile

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.