Paycom Software, Inc. $PAYC Shares Sold by Glenview Trust Co

Glenview Trust Co reduced its position in Paycom Software, Inc. (NYSE:PAYC) by 46.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,693 shares of the software maker’s stock after selling 4,901 shares during the quarter. Glenview Trust Co’s holdings in Paycom Software were worth $692,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in PAYC. State Street Corp lifted its holdings in shares of Paycom Software by 0.4% during the 4th quarter. State Street Corp now owns 2,165,546 shares of the software maker’s stock valued at $345,101,000 after purchasing an additional 8,419 shares during the last quarter. First Trust Advisors LP grew its stake in Paycom Software by 19.9% during the 4th quarter. First Trust Advisors LP now owns 1,665,529 shares of the software maker’s stock worth $265,419,000 after buying an additional 275,954 shares during the last quarter. Invesco Ltd. grew its stake in Paycom Software by 28.2% during the 4th quarter. Invesco Ltd. now owns 1,559,682 shares of the software maker’s stock worth $248,551,000 after buying an additional 343,494 shares during the last quarter. Federated Hermes Inc. increased its position in Paycom Software by 12.7% during the 4th quarter. Federated Hermes Inc. now owns 624,371 shares of the software maker’s stock valued at $99,500,000 after buying an additional 70,208 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Paycom Software by 29.8% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 604,090 shares of the software maker’s stock valued at $96,878,000 after buying an additional 138,795 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Citigroup raised their price target on Paycom Software from $120.00 to $136.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Barclays increased their price objective on shares of Paycom Software from $148.00 to $154.00 and gave the company an “equal weight” rating in a research report on Tuesday. BTIG Research boosted their target price on shares of Paycom Software from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings raised shares of Paycom Software from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 16th. Finally, TD Cowen cut their price target on shares of Paycom Software from $154.00 to $149.00 and set a “buy” rating on the stock in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, Paycom Software has a consensus rating of “Moderate Buy” and a consensus price target of $159.75.

Paycom Software Stock Down 3.3%

Shares of PAYC stock opened at $139.40 on Thursday. The stock’s 50-day simple moving average is $136.41 and its 200-day simple moving average is $133.27. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market capitalization of $6.64 billion, a PE ratio of 16.12, a P/E/G ratio of 1.22 and a beta of 0.80. Paycom Software, Inc. has a fifty-two week low of $104.90 and a fifty-two week high of $248.95.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, May 6th. The software maker reported $3.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.99 by $0.16. Paycom Software had a return on equity of 28.34% and a net margin of 22.44%.The firm had revenue of $571.80 million during the quarter, compared to analysts’ expectations of $564.37 million. During the same period last year, the business posted $2.80 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. Equities analysts expect that Paycom Software, Inc. will post 9.37 earnings per share for the current year.

Paycom Software Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $1.50 dividend on an annualized basis and a yield of 1.1%. Paycom Software’s dividend payout ratio (DPR) is currently 17.34%.

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.