Ruffer LLP Makes New Investment in Paycom Software, Inc. $PAYC

Ruffer LLP purchased a new position in Paycom Software, Inc. (NYSE:PAYC) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 19,584 shares of the software maker’s stock, valued at approximately $3,126,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. UMB Bank n.a. boosted its stake in shares of Paycom Software by 7.6% during the 3rd quarter. UMB Bank n.a. now owns 789 shares of the software maker’s stock valued at $164,000 after buying an additional 56 shares during the last quarter. ORG Wealth Partners LLC boosted its stake in shares of Paycom Software by 4.4% during the 3rd quarter. ORG Wealth Partners LLC now owns 1,390 shares of the software maker’s stock valued at $289,000 after buying an additional 59 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of Paycom Software by 4.0% during the 3rd quarter. Mackenzie Financial Corp now owns 1,624 shares of the software maker’s stock valued at $338,000 after buying an additional 63 shares during the last quarter. Davis Investment Partners LLC boosted its stake in shares of Paycom Software by 2.3% during the 4th quarter. Davis Investment Partners LLC now owns 2,988 shares of the software maker’s stock valued at $455,000 after buying an additional 68 shares during the last quarter. Finally, Compound Planning Inc. boosted its stake in shares of Paycom Software by 2.9% during the 3rd quarter. Compound Planning Inc. now owns 2,899 shares of the software maker’s stock valued at $603,000 after buying an additional 83 shares during the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Paycom Software Price Performance

Shares of PAYC opened at $130.39 on Wednesday. The business’s fifty day moving average price is $124.36 and its 200 day moving average price is $151.37. Paycom Software, Inc. has a 12-month low of $104.90 and a 12-month high of $267.76. The stock has a market capitalization of $6.22 billion, a PE ratio of 16.12, a price-to-earnings-growth ratio of 1.40 and a beta of 0.79.

Paycom Software (NYSE:PAYC) last issued its earnings results on Wednesday, February 11th. The software maker reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.01. Paycom Software had a return on equity of 24.25% and a net margin of 22.10%.The firm had revenue of $544.30 million for the quarter, compared to analyst estimates of $542.79 million. During the same period last year, the company earned $2.32 earnings per share. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, research analysts anticipate that Paycom Software, Inc. will post 8.59 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Monday, March 9th were given a $0.375 dividend. The ex-dividend date of this dividend was Monday, March 9th. This represents a $1.50 annualized dividend and a yield of 1.2%. Paycom Software’s dividend payout ratio (DPR) is currently 18.54%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on PAYC shares. KeyCorp reduced their target price on Paycom Software from $250.00 to $195.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. Guggenheim reduced their price objective on Paycom Software from $210.00 to $180.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Citigroup reduced their price objective on Paycom Software from $185.00 to $128.00 and set a “neutral” rating on the stock in a research note on Friday, February 13th. BTIG Research reduced their price objective on Paycom Software from $195.00 to $140.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Finally, Weiss Ratings cut Paycom Software from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, February 3rd. Five equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $168.79.

About Paycom Software

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.