Marks Group Wealth Management Inc Lowers Holdings in Paycom Software, Inc. $PAYC

Marks Group Wealth Management Inc cut its position in Paycom Software, Inc. (NYSE:PAYC) by 15.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,508 shares of the software maker’s stock after selling 4,896 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Paycom Software were worth $4,224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of PAYC. True Wealth Design LLC lifted its stake in Paycom Software by 946.7% in the 4th quarter. True Wealth Design LLC now owns 157 shares of the software maker’s stock worth $25,000 after purchasing an additional 142 shares in the last quarter. Clearstead Advisors LLC lifted its stake in Paycom Software by 140.3% in the 4th quarter. Clearstead Advisors LLC now owns 161 shares of the software maker’s stock worth $26,000 after purchasing an additional 94 shares in the last quarter. Caitlin John LLC purchased a new stake in Paycom Software in the 3rd quarter worth approximately $29,000. CYBER HORNET ETFs LLC purchased a new stake in Paycom Software in the 2nd quarter worth approximately $29,000. Finally, MUFG Securities EMEA plc purchased a new stake in Paycom Software in the 2nd quarter worth approximately $33,000. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Paycom Software Price Performance

Shares of NYSE:PAYC opened at $135.97 on Tuesday. The company’s fifty day moving average price is $130.14 and its 200-day moving average price is $139.30. The firm has a market capitalization of $6.48 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 1.19 and a beta of 0.79. Paycom Software, Inc. has a one year low of $104.90 and a one year high of $265.91. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.08 and a quick ratio of 1.08.

Paycom Software (NYSE:PAYC) last issued its quarterly 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. The firm had revenue of $571.80 million for the quarter, compared to analyst estimates of $564.37 million. Paycom Software had a net margin of 22.44% and a return on equity of 28.34%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.80 EPS. On average, equities research analysts anticipate that Paycom Software, Inc. will post 9.16 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Cantor Fitzgerald increased their target price on shares of Paycom Software from $115.00 to $135.00 and gave the stock a “neutral” rating in a research note on Friday, March 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of Paycom Software in a report on Friday, May 1st. BTIG Research increased their price target on shares of Paycom Software from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Mizuho increased their price target on shares of Paycom Software from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, Guggenheim decreased their price target on shares of Paycom Software from $210.00 to $180.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $159.67.

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.