HighTower Advisors LLC Sells 4,984 Shares of Paycom Software, Inc. $PAYC

HighTower Advisors LLC lowered its holdings in Paycom Software, Inc. (NYSE:PAYC) by 41.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,058 shares of the software maker’s stock after selling 4,984 shares during the quarter. HighTower Advisors LLC’s holdings in Paycom Software were worth $1,125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. UMB Bank n.a. increased its position in Paycom Software by 7.6% during the third quarter. UMB Bank n.a. now owns 789 shares of the software maker’s stock valued at $164,000 after acquiring an additional 56 shares during the last quarter. Mackenzie Financial Corp increased its position in Paycom Software by 4.0% in 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. Davis Investment Partners LLC increased its position in Paycom Software by 2.3% in the fourth quarter. Davis Investment Partners LLC now owns 2,988 shares of the software maker’s stock worth $455,000 after buying an additional 68 shares in the last quarter. Compound Planning Inc. increased its position in Paycom Software by 2.9% in the third quarter. Compound Planning Inc. now owns 2,899 shares of the software maker’s stock worth $603,000 after buying an additional 83 shares in the last quarter. Finally, Boyd Watterson Asset Management LLC OH increased its position in Paycom Software by 0.8% in the third quarter. Boyd Watterson Asset Management LLC OH now owns 10,576 shares of the software maker’s stock worth $2,201,000 after buying an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Paycom Software Trading Down 0.6%

Shares of NYSE PAYC opened at $136.97 on Friday. 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 business’s 50 day moving average price is $129.51 and its 200-day moving average price is $139.67. Paycom Software, Inc. has a fifty-two week low of $104.90 and a fifty-two week high of $267.76. The company has a market cap of $6.52 billion, a price-to-earnings ratio of 15.83, a PEG ratio of 1.19 and a beta of 0.79.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Wednesday, May 6th. The software maker reported $3.15 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.16. The firm had revenue of $571.80 million for the quarter, compared to the consensus estimate of $564.37 million. Paycom Software had a return on equity of 28.34% and a net margin of 22.44%.The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.80 earnings per share. On average, sell-side analysts expect that Paycom Software, Inc. will post 9.16 earnings per share for the current year.

Paycom Software Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th will be issued a $0.375 dividend. The ex-dividend date is Tuesday, May 26th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.1%. Paycom Software’s dividend payout ratio (DPR) is currently 17.34%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. UBS Group cut their target price on Paycom Software from $210.00 to $183.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. BMO Capital Markets increased their target price on Paycom Software from $137.00 to $145.00 and gave the stock a “market perform” rating in a research report on Thursday, May 7th. TD Cowen increased their target price on Paycom Software from $148.00 to $154.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Zacks Research upgraded Paycom Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. Finally, BTIG Research increased their target price on Paycom Software from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $159.67.

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.