Amiral Gestion Has $18.56 Million Position in Paycom Software, Inc. $PAYC

Amiral Gestion increased its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 42.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 116,488 shares of the software maker’s stock after purchasing an additional 34,722 shares during the period. Paycom Software comprises about 6.8% of Amiral Gestion’s portfolio, making the stock its 6th largest holding. Amiral Gestion’s holdings in Paycom Software were worth $18,564,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Global X Japan Co. Ltd. grew its holdings in shares of Paycom Software by 515.5% during the fourth quarter. Global X Japan Co. Ltd. now owns 1,631 shares of the software maker’s stock valued at $260,000 after buying an additional 1,366 shares during the last quarter. Kathmere Capital Management LLC boosted its stake in Paycom Software by 33.2% during the 4th quarter. Kathmere Capital Management LLC now owns 1,646 shares of the software maker’s stock valued at $262,000 after purchasing an additional 410 shares during the last quarter. Sendero Wealth Management LLC increased its holdings in Paycom Software by 139.4% during the 4th quarter. Sendero Wealth Management LLC now owns 36,295 shares of the software maker’s stock worth $5,784,000 after purchasing an additional 21,137 shares in the last quarter. Czech National Bank lifted its holdings in shares of Paycom Software by 1.3% in the fourth quarter. Czech National Bank now owns 12,886 shares of the software maker’s stock valued at $2,054,000 after purchasing an additional 170 shares in the last quarter. Finally, Salvus Wealth Management LLC boosted its position in shares of Paycom Software by 7.7% during the fourth quarter. Salvus Wealth Management LLC now owns 1,422 shares of the software maker’s stock valued at $227,000 after buying an additional 102 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Paycom Software Stock Down 4.9%

NYSE PAYC opened at $116.94 on Friday. The firm has a market cap of $6.35 billion, a P/E ratio of 14.46, a price-to-earnings-growth ratio of 1.30 and a beta of 0.80. The company’s 50 day moving average is $129.76 and its 200-day moving average is $163.22. Paycom Software, Inc. has a 12-month low of $104.90 and a 12-month high of $267.76.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Wednesday, February 11th. The software maker reported $2.45 EPS for the quarter, topping the consensus estimate of $2.44 by $0.01. Paycom Software had a net margin of 22.10% and a return on equity of 24.25%. The company had revenue of $544.30 million during the quarter, compared to the consensus estimate of $542.79 million. During the same period last year, the firm earned $2.32 EPS. Paycom Software’s revenue for the quarter was up 10.2% on a year-over-year basis. Equities analysts expect that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Investors of record on Monday, March 9th were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Monday, March 9th. Paycom Software’s payout ratio is presently 18.54%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Mizuho lowered their price target on Paycom Software from $180.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, February 12th. BMO Capital Markets cut their price objective on shares of Paycom Software from $175.00 to $137.00 and set a “market perform” rating on the stock in a report on Thursday, February 12th. KeyCorp reduced their target price on shares of Paycom Software from $250.00 to $195.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. UBS Group cut their price target on shares of Paycom Software from $245.00 to $210.00 and set a “buy” rating on the stock in a report on Monday, January 26th. Finally, Jefferies Financial Group reduced their price objective on shares of Paycom Software from $190.00 to $130.00 and set a “hold” rating for the company in a research report on Thursday, February 12th. Five investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $170.71.

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.