Ieq Capital LLC Invests $305,000 in Paycom Software, Inc. $PAYC

Ieq Capital LLC acquired a new position in Paycom Software, Inc. (NYSE:PAYC) during the second quarter, Holdings Channel reports. The firm acquired 2,425 shares of the software maker’s stock, valued at approximately $305,000.

Several other large investors also recently added to or reduced their stakes in the business. Fluent Financial LLC bought a new stake in Paycom Software during the second quarter valued at approximately $2,439,000. Principal Financial Group Inc. increased its holdings in shares of Paycom Software by 290.5% in the 1st quarter. Principal Financial Group Inc. now owns 243,762 shares of the software maker’s stock worth $29,627,000 after buying an additional 181,346 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Paycom Software by 1,151.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 170,854 shares of the software maker’s stock worth $27,227,000 after buying an additional 157,201 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Paycom Software by 467.2% during the 1st quarter. Janus Henderson Group PLC now owns 23,200 shares of the software maker’s stock valued at $2,819,000 after buying an additional 19,110 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new stake in shares of Paycom Software during the 4th quarter worth $8,376,000. Institutional investors own 87.77% of the company’s stock.

Paycom Software Price Performance

Shares of NYSE:PAYC opened at $239.00 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.57. The stock has a market cap of $10.77 billion, a PE ratio of 25.40, a PEG ratio of 1.32 and a beta of 0.76. The company’s fifty day moving average is $171.24 and its 200 day moving average is $143.49. Paycom Software, Inc. has a 52 week low of $104.90 and a 52 week high of $242.50.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings results on Wednesday, August 5th. The software maker reported $2.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.38 by $0.40. Paycom Software had a net margin of 22.78% and a return on equity of 37.06%. The business had revenue of $531.20 million during the quarter, compared to analyst estimates of $513.12 million. During the same period in the prior year, the business posted $2.06 earnings per share. The company’s revenue was up 9.8% on a year-over-year basis. Research analysts anticipate that Paycom Software, Inc. will post 10.65 earnings per share for the current year.

Paycom Software Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be issued a dividend of $0.375 per share. The ex-dividend date is Monday, August 24th. This represents a $1.50 annualized dividend and a yield of 0.6%. Paycom Software’s dividend payout ratio is currently 15.94%.

Analyst Ratings Changes

Several research analysts recently issued reports on PAYC shares. TD Cowen upped their target price on shares of Paycom Software from $149.00 to $244.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. UBS Group lifted their price target on Paycom Software from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. BTIG Research upped their price objective on Paycom Software from $160.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. KeyCorp increased their price objective on Paycom Software from $195.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Finally, Stifel Nicolaus raised their price objective on Paycom Software from $120.00 to $200.00 and gave the company a “hold” rating in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, Paycom Software presently has a consensus rating of “Hold” and an average target price of $208.08.

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.