Paycom Software, Inc. $PAYC Shares Acquired by Osaic Holdings Inc.

Osaic Holdings Inc. lifted its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 175.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,269 shares of the software maker’s stock after buying an additional 16,717 shares during the period. Osaic Holdings Inc.’s holdings in Paycom Software were worth $5,926,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PAYC. Brighton Jones LLC acquired a new position in Paycom Software during the fourth quarter worth about $638,000. Wellington Management Group LLP boosted its position in Paycom Software by 35.8% during the first quarter. Wellington Management Group LLP now owns 154,082 shares of the software maker’s stock valued at $33,664,000 after purchasing an additional 40,582 shares during the last quarter. Norinchukin Bank The grew its position in Paycom Software by 18.1% in the first quarter. Norinchukin Bank The now owns 3,060 shares of the software maker’s stock worth $669,000 after acquiring an additional 469 shares in the last quarter. Compound Planning Inc. increased its holdings in shares of Paycom Software by 90.6% during the 1st quarter. Compound Planning Inc. now owns 2,289 shares of the software maker’s stock valued at $500,000 after acquiring an additional 1,088 shares during the last quarter. Finally, Kestra Advisory Services LLC lifted its position in Paycom Software by 28.3% during the 1st quarter. Kestra Advisory Services LLC now owns 16,671 shares of the software maker’s stock worth $3,642,000 after acquiring an additional 3,675 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Insider Activity at Paycom Software

In other news, CFO Robert D. Foster sold 1,300 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $162.66, for a total value of $211,458.00. Following the transaction, the chief financial officer owned 14,747 shares of the company’s stock, valued at approximately $2,398,747.02. This represents a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 10.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PAYC. KeyCorp reduced their target price on shares of Paycom Software from $290.00 to $250.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. BTIG Research assumed coverage on Paycom Software in a research report on Wednesday, December 17th. They issued a “buy” rating and a $195.00 price objective on the stock. UBS Group lowered their price target on shares of Paycom Software from $285.00 to $245.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Barclays cut their target price on Paycom Software from $225.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 6th. Finally, Cantor Fitzgerald raised shares of Paycom Software to a “hold” rating in a research report on Thursday, September 11th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, Paycom Software has an average rating of “Hold” and a consensus price target of $223.57.

Paycom Software Trading Up 1.7%

Shares of PAYC opened at $165.53 on Tuesday. The company’s fifty day simple moving average is $174.47 and its 200 day simple moving average is $207.77. The company has a market cap of $9.31 billion, a price-to-earnings ratio of 20.59, a PEG ratio of 1.77 and a beta of 0.84. Paycom Software, Inc. has a 1-year low of $156.50 and a 1-year high of $267.76.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings results on Wednesday, November 5th. The software maker reported $1.94 EPS for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.02). Paycom Software had a return on equity of 24.79% and a net margin of 22.65%.The business had revenue of $493.30 million for the quarter, compared to the consensus estimate of $492.62 million. During the same quarter in the previous year, the business posted $1.67 EPS. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. As a group, research analysts forecast that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, November 24th were issued a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, November 24th. This represents a $1.50 annualized dividend and a dividend yield of 0.9%. Paycom Software’s payout ratio is presently 18.66%.

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.