Sigma Planning Corp Takes Position in Paycom Software, Inc. $PAYC

Sigma Planning Corp bought a new position in shares of Paycom Software, Inc. (NYSE:PAYC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,324 shares of the software maker’s stock, valued at approximately $538,000.

A number of other hedge funds have also added to or reduced their stakes in PAYC. Brooklyn Investment Group grew its position in shares of Paycom Software by 19.4% during the 1st quarter. Brooklyn Investment Group now owns 240 shares of the software maker’s stock worth $52,000 after buying an additional 39 shares during the period. Commerce Bank boosted its stake in Paycom Software by 2.2% during the first quarter. Commerce Bank now owns 2,351 shares of the software maker’s stock worth $514,000 after acquiring an additional 50 shares in the last quarter. Allworth Financial LP grew its holdings in Paycom Software by 12.9% in the first quarter. Allworth Financial LP now owns 464 shares of the software maker’s stock worth $105,000 after purchasing an additional 53 shares during the period. US Bancorp DE grew its holdings in Paycom Software by 0.5% in the first quarter. US Bancorp DE now owns 10,421 shares of the software maker’s stock worth $2,277,000 after purchasing an additional 57 shares during the period. Finally, Burns Matteson Capital Management LLC increased its stake in Paycom Software by 2.5% in the first quarter. Burns Matteson Capital Management LLC now owns 2,348 shares of the software maker’s stock valued at $513,000 after purchasing an additional 58 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Paycom Software news, insider Bradley Scott Smith sold 1,500 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $223.27, for a total transaction of $334,905.00. Following the transaction, the insider directly owned 24,533 shares in the company, valued at approximately $5,477,482.91. This trade represents a 5.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 10.90% of the company’s stock.

Paycom Software Price Performance

PAYC opened at $162.44 on Friday. Paycom Software, Inc. has a fifty-two week low of $156.50 and a fifty-two week high of $267.76. The firm has a market capitalization of $9.40 billion, a PE ratio of 20.20, a P/E/G ratio of 1.79 and a beta of 0.88. The company’s 50-day moving average is $205.86 and its 200 day moving average is $226.28.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Wednesday, November 5th. The software maker reported $1.94 EPS for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.02). The company had revenue of $493.30 million for the quarter, compared to the consensus estimate of $492.62 million. Paycom Software had a return on equity of 24.79% and a net margin of 22.65%.The business’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.67 earnings per share. Paycom Software has set its FY 2025 guidance at EPS. As a group, analysts expect that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 8th. Investors of record on Monday, November 24th will be issued a dividend of $0.375 per share. The ex-dividend date is Monday, November 24th. This represents a $1.50 annualized dividend and a yield of 0.9%. Paycom Software’s dividend payout ratio is 20.30%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on PAYC shares. BMO Capital Markets increased their price objective on shares of Paycom Software from $244.00 to $258.00 and gave the stock a “market perform” rating in a research report on Thursday, August 7th. Zacks Research lowered Paycom Software from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 22nd. TD Cowen dropped their price target on Paycom Software from $258.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of Paycom Software in a research note on Wednesday, October 8th. Finally, Mizuho decreased their price objective on Paycom Software from $220.00 to $180.00 and set a “neutral” rating for the company in a report on Thursday. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $225.77.

Paycom Software Company Profile

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.