Lombard Odier Asset Management Europe Ltd Reduces Holdings in Paycom Software, Inc. $PAYC

Lombard Odier Asset Management Europe Ltd decreased its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 27.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,000 shares of the software maker’s stock after selling 3,750 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Paycom Software were worth $1,215,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in PAYC. CYBER HORNET ETFs LLC purchased a new stake in Paycom Software in the second quarter valued at approximately $29,000. MUFG Securities EMEA plc purchased a new position in shares of Paycom Software during the second quarter worth approximately $33,000. Brown Brothers Harriman & Co. increased its holdings in shares of Paycom Software by 190.6% in the 4th quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker’s stock valued at $25,000 after acquiring an additional 101 shares during the period. Palisade Asset Management LLC purchased a new stake in Paycom Software in the 3rd quarter valued at $33,000. Finally, Clearstead Advisors LLC boosted its stake in Paycom Software by 140.3% during the 4th quarter. Clearstead Advisors LLC now owns 161 shares of the software maker’s stock worth $26,000 after purchasing an additional 94 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Zacks Research raised Paycom Software from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. BTIG Research upped their price target on Paycom Software from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Weiss Ratings upgraded shares of Paycom Software from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 16th. TD Cowen cut their price objective on shares of Paycom Software from $154.00 to $149.00 and set a “buy” rating for the company in a research report on Friday, June 26th. Finally, Citigroup lifted their target price on shares of Paycom Software from $120.00 to $136.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, Paycom Software presently has a consensus rating of “Moderate Buy” and a consensus target price of $159.75.

Paycom Software Price Performance

Shares of NYSE:PAYC opened at $145.71 on Monday. Paycom Software, Inc. has a 12 month low of $104.90 and a 12 month high of $248.95. The firm has a market capitalization of $6.94 billion, a price-to-earnings ratio of 16.84, a price-to-earnings-growth ratio of 1.23 and a beta of 0.80. The business’s 50 day simple moving average is $136.71 and its 200-day simple moving average is $133.12. 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 released its quarterly earnings results 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 business had revenue of $571.80 million during the quarter, compared to the consensus estimate of $564.37 million. During the same quarter in the previous year, the company posted $2.80 EPS. The business’s revenue was up 7.8% on a year-over-year basis. As a group, equities analysts forecast that Paycom Software, Inc. will post 9.37 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th were issued a dividend of $0.375 per share. The ex-dividend date was Tuesday, May 26th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.0%. Paycom Software’s payout ratio is 17.34%.

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.