Sovereign s Capital Management LLC Acquires 12,241 Shares of Paycom Software, Inc. $PAYC

Sovereign s Capital Management LLC increased its position in Paycom Software, Inc. (NYSE:PAYC) by 90.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,786 shares of the software maker’s stock after purchasing an additional 12,241 shares during the period. Paycom Software makes up approximately 2.5% of Sovereign s Capital Management LLC’s holdings, making the stock its 17th biggest position. Sovereign s Capital Management LLC’s holdings in Paycom Software were worth $4,109,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PAYC. Brighton Jones LLC bought a new position in Paycom Software in the 4th quarter worth about $638,000. AQR Capital Management LLC boosted its stake in Paycom Software by 23.7% in the 1st quarter. AQR Capital Management LLC now owns 19,155 shares of the software maker’s stock worth $4,136,000 after purchasing an additional 3,674 shares in the last quarter. United Services Automobile Association bought a new position in Paycom Software in the 1st quarter worth about $215,000. Empowered Funds LLC boosted its stake in Paycom Software by 22.8% in the 1st quarter. Empowered Funds LLC now owns 7,958 shares of the software maker’s stock worth $1,739,000 after purchasing an additional 1,480 shares in the last quarter. Finally, Focus Partners Wealth boosted its stake in Paycom Software by 220.8% in the 1st quarter. Focus Partners Wealth now owns 3,940 shares of the software maker’s stock worth $861,000 after purchasing an additional 2,712 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Paycom Software Price Performance

PAYC opened at $129.32 on Wednesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market capitalization of $6.16 billion, a P/E ratio of 14.95, a P/E/G ratio of 1.17 and a beta of 0.79. The company’s 50-day simple moving average is $131.69 and its two-hundred day simple moving average is $138.16. Paycom Software, Inc. has a 52-week low of $104.90 and a 52-week high of $248.95.

Paycom Software (NYSE:PAYC) last posted its earnings results on Wednesday, May 6th. The software maker reported $3.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.16. The business had revenue of $571.80 million for the quarter, compared to analysts’ expectations 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 business earned $2.80 EPS. As a group, analysts predict that Paycom Software, Inc. will post 9.16 EPS for the current year.

Paycom Software Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th were paid a dividend of $0.375 per share. The ex-dividend date was Tuesday, May 26th. This represents a $1.50 annualized dividend and a yield of 1.2%. Paycom Software’s dividend payout ratio is currently 17.34%.

Wall Street Analysts Forecast Growth

PAYC has been the topic of a number of analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Paycom Software in a research note on Friday, May 1st. Citigroup upped their price target on shares of Paycom Software from $120.00 to $136.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Mizuho upped their price target on shares of Paycom Software from $120.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Cantor Fitzgerald upped their price target 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. Finally, BMO Capital Markets upped their price target on shares of Paycom Software from $137.00 to $145.00 and gave the stock a “market perform” rating in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price 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.