EP Wealth Advisors LLC Buys New Position in Paycom Software, Inc. $PAYC

EP Wealth Advisors LLC acquired a new stake in Paycom Software, Inc. (NYSE:PAYC) in the second quarter, Holdings Channel reports. The firm acquired 2,651 shares of the software maker’s stock, valued at approximately $333,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of PAYC. Mackenzie Financial Corp grew its position in shares of Paycom Software by 4.0% during the third quarter. Mackenzie Financial Corp now owns 1,624 shares of the software maker’s stock worth $338,000 after buying an additional 63 shares in the last quarter. Boyd Watterson Asset Management LLC OH raised its stake in Paycom Software by 0.8% during the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 10,662 shares of the software maker’s stock worth $1,699,000 after acquiring an additional 86 shares in the last quarter. Lido Advisors LLC grew its holdings in shares of Paycom Software by 1.4% during the fourth quarter. Lido Advisors LLC now owns 6,286 shares of the software maker’s stock worth $1,081,000 after purchasing an additional 87 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Paycom Software by 2.2% during the fourth quarter. Janus Henderson Group PLC now owns 4,090 shares of the software maker’s stock worth $652,000 after purchasing an additional 88 shares in the last quarter. Finally, Evoke Wealth LLC increased its position in shares of Paycom Software by 2.8% during the fourth quarter. Evoke Wealth LLC now owns 3,335 shares of the software maker’s stock worth $531,000 after purchasing an additional 90 shares in the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Paycom Software Stock Performance

NYSE:PAYC opened at $231.80 on Wednesday. The firm has a market cap of $10.45 billion, a price-to-earnings ratio of 24.63, a price-to-earnings-growth ratio of 1.30 and a beta of 0.76. The firm’s fifty day moving average price is $164.53 and its 200 day moving average price is $141.35. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.07 and a quick ratio of 1.07. Paycom Software, Inc. has a 1-year low of $104.90 and a 1-year high of $233.46.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings results on Wednesday, August 5th. The software maker reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.38 by $0.40. Paycom Software had a net margin of 22.78% and a return on equity of 37.06%. The firm had revenue of $531.20 million during the quarter, compared to analysts’ expectations of $513.12 million. During the same period in the prior year, the company posted $2.06 earnings per share. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, sell-side analysts expect that Paycom Software, Inc. will post 10.48 EPS for the current year.

Paycom Software Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.6%. Paycom Software’s dividend payout ratio is 15.94%.

Wall Street Analyst Weigh In

PAYC has been the subject of a number of research analyst reports. Zacks Research raised Paycom Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. JPMorgan Chase & Co. lifted their price target on Paycom Software from $140.00 to $264.00 and gave the stock a “neutral” rating in a research report on Tuesday. Stifel Nicolaus boosted their price objective on Paycom Software from $120.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, August 6th. Weiss Ratings raised Paycom Software from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Finally, TD Cowen raised their target price on shares of Paycom Software from $149.00 to $244.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $208.08.

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.