ING Groep NV Takes $1.01 Million Position in Paycom Software, Inc. $PAYC

ING Groep NV bought a new stake in shares of Paycom Software, Inc. (NYSE:PAYC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,315 shares of the software maker’s stock, valued at approximately $1,006,000.

Other institutional investors also recently made changes to their positions in the company. CYBER HORNET ETFs LLC bought a new position in shares of Paycom Software during the second quarter valued at approximately $29,000. Caitlin John LLC bought a new position in shares of Paycom Software during the third quarter valued at approximately $29,000. MUFG Securities EMEA plc bought a new position in shares of Paycom Software during the second quarter valued at approximately $33,000. True Wealth Design LLC grew its holdings in shares of Paycom Software by 946.7% during the fourth quarter. True Wealth Design LLC now owns 157 shares of the software maker’s stock valued at $25,000 after purchasing an additional 142 shares during the last quarter. Finally, Palisade Asset Management LLC bought a new position in shares of Paycom Software during the third quarter valued at approximately $33,000. 87.77% of the stock is owned by institutional investors.

Paycom Software Stock Performance

Shares of PAYC stock opened at $137.09 on Thursday. Paycom Software, Inc. has a 12-month low of $104.90 and a 12-month high of $255.46. The firm has a market capitalization of $6.53 billion, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of 1.18 and a beta of 0.79. The business has a 50 day simple moving average of $130.85 and a 200 day simple moving average of $138.97. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.08 and a quick ratio of 1.08.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Wednesday, May 6th. The software maker reported $3.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $0.16. Paycom Software had a return on equity of 28.34% and a net margin of 22.44%.The business had revenue of $571.80 million during the quarter, compared to analyst estimates of $564.37 million. During the same period in the prior year, the company posted $2.80 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, equities research analysts anticipate that Paycom Software, Inc. will post 9.16 EPS for the current year.

Paycom Software Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Tuesday, May 26th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, May 26th. Paycom Software’s dividend payout ratio is 17.34%.

Analyst Ratings Changes

Several equities analysts have recently commented on PAYC shares. Guggenheim lowered their target price on Paycom Software from $210.00 to $180.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Cantor Fitzgerald upped their target price on Paycom Software from $115.00 to $135.00 and gave the company a “neutral” rating in a report on Friday, March 6th. TD Cowen upped their target price on Paycom Software from $148.00 to $154.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Paycom Software in a report on Friday, May 1st. Finally, BMO Capital Markets increased their price objective on Paycom Software from $137.00 to $145.00 and gave the stock a “market perform” rating in a report on Thursday, May 7th. One equities research 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 assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target 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.