Sather Financial Group Inc Purchases 42,699 Shares of Paycom Software, Inc. $PAYC

Sather Financial Group Inc boosted its position in Paycom Software, Inc. (NYSE:PAYC) by 15.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 310,729 shares of the software maker’s stock after acquiring an additional 42,699 shares during the quarter. Paycom Software makes up approximately 2.3% of Sather Financial Group Inc’s investment portfolio, making the stock its 19th largest holding. Sather Financial Group Inc’s holdings in Paycom Software were worth $37,766,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Mackenzie Financial Corp lifted its position in Paycom Software by 4.0% during the 3rd quarter. Mackenzie Financial Corp now owns 1,624 shares of the software maker’s stock worth $338,000 after acquiring an additional 63 shares during the last quarter. Davis Investment Partners LLC grew its position in shares of Paycom Software by 2.3% in 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. Boyd Watterson Asset Management LLC OH grew its position in shares of Paycom Software by 0.8% in the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 10,662 shares of the software maker’s stock valued at $1,699,000 after purchasing an additional 86 shares during the last quarter. Lido Advisors LLC increased its stake in shares of Paycom Software by 1.4% in the fourth quarter. Lido Advisors LLC now owns 6,286 shares of the software maker’s stock worth $1,081,000 after purchasing an additional 87 shares during the period. Finally, Janus Henderson Group PLC increased its stake in shares of Paycom Software by 2.2% in the fourth quarter. Janus Henderson Group PLC now owns 4,090 shares of the software maker’s stock worth $652,000 after purchasing an additional 88 shares during the period. Institutional investors own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Barclays decreased their target price on Paycom Software from $150.00 to $148.00 and set an “equal weight” rating for the company in a research note on Thursday, May 7th. BMO Capital Markets lifted their price target on Paycom Software from $137.00 to $145.00 and gave the stock a “market perform” rating in a research report on Thursday, May 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Paycom Software in a report on Friday, May 1st. BTIG Research increased their price objective on Paycom Software from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, Zacks Research upgraded shares of Paycom Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $159.25.

Paycom Software Stock Performance

Shares of PAYC stock traded up $4.73 during mid-day trading on Tuesday, reaching $144.63. The stock had a trading volume of 226,122 shares, compared to its average volume of 1,426,744. Paycom Software, Inc. has a one year low of $104.90 and a one year high of $248.95. The firm has a market cap of $6.89 billion, a PE ratio of 16.72, a P/E/G ratio of 1.19 and a beta of 0.80. The firm’s 50 day simple moving average is $133.28 and its 200 day simple moving average is $134.76. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.83.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Wednesday, May 6th. The software maker reported $3.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 28.34% and a net margin of 22.44%.Paycom Software’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.80 earnings per share. On average, analysts forecast that Paycom Software, Inc. will post 9.32 EPS for the current year.

Paycom Software Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, May 26th. Paycom Software’s payout ratio is 17.34%.

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.