Inceptionr LLC Boosts Position in Paycom Software, Inc. $PAYC

Inceptionr LLC raised its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 190.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,999 shares of the software maker’s stock after acquiring an additional 4,592 shares during the quarter. Inceptionr LLC’s holdings in Paycom Software were worth $1,115,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. True Wealth Design LLC raised its stake in shares of Paycom Software by 946.7% in the 4th quarter. True Wealth Design LLC now owns 157 shares of the software maker’s stock valued at $25,000 after acquiring an additional 142 shares during the period. Clearstead Advisors LLC raised its position in Paycom Software by 140.3% in the fourth quarter. Clearstead Advisors LLC now owns 161 shares of the software maker’s stock valued at $26,000 after purchasing an additional 94 shares during the period. Caitlin John LLC purchased a new position in Paycom Software in the third quarter valued at about $29,000. CYBER HORNET ETFs LLC acquired a new position in shares of Paycom Software during the second quarter worth about $29,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of Paycom Software during the second quarter worth about $33,000. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Paycom Software Stock Up 0.7%

Shares of NYSE PAYC opened at $137.09 on Thursday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.08 and a current ratio of 1.08. Paycom Software, Inc. has a 1 year low of $104.90 and a 1 year high of $255.46. The stock’s 50-day simple moving average is $130.85 and its 200-day simple moving average is $138.97. The firm has a market cap of $6.53 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 1.18 and a beta of 0.79.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Wednesday, May 6th. The software maker reported $3.15 EPS for the quarter, beating 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 firm had revenue of $571.80 million during the quarter, compared to the consensus estimate of $564.37 million. During the same quarter in the prior year, the business posted $2.80 earnings per share. Paycom Software’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, equities analysts anticipate that Paycom Software, Inc. will post 9.16 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PAYC shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Paycom Software in a research note on Friday, May 1st. Cantor Fitzgerald boosted their price target on Paycom Software from $115.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, March 6th. Jefferies Financial Group decreased their price target on Paycom Software from $190.00 to $130.00 and set a “hold” rating for the company in a report on Thursday, February 12th. Barclays lowered their price objective on shares of Paycom Software from $150.00 to $148.00 and set an “equal weight” rating for the company in a research report on Thursday, May 7th. Finally, UBS Group reduced their target price on shares of Paycom Software from $210.00 to $183.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $159.67.

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.