Entropy Technologies LP Buys 10,066 Shares of Paycom Software, Inc. $PAYC

Entropy Technologies LP lifted its stake in Paycom Software, Inc. (NYSE:PAYC) by 160.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,346 shares of the software maker’s stock after acquiring an additional 10,066 shares during the period. Entropy Technologies LP’s holdings in Paycom Software were worth $2,605,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PAYC. True Wealth Design LLC boosted its holdings in shares of Paycom Software by 946.7% in the fourth quarter. True Wealth Design LLC now owns 157 shares of the software maker’s stock worth $25,000 after acquiring an additional 142 shares during the period. Brown Brothers Harriman & Co. boosted its holdings in shares of Paycom Software by 190.6% in the fourth quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker’s stock worth $25,000 after acquiring an additional 101 shares during the period. Clearstead Advisors LLC boosted its holdings in shares of Paycom Software by 140.3% in the fourth quarter. Clearstead Advisors LLC now owns 161 shares of the software maker’s stock worth $26,000 after acquiring an additional 94 shares during the period. Caitlin John LLC bought a new position in shares of Paycom Software in the third quarter worth $29,000. Finally, CYBER HORNET ETFs LLC bought a new stake in Paycom Software during the second quarter valued at $29,000. 87.77% of the stock is owned by institutional investors.

Paycom Software Trading Down 0.1%

Shares of PAYC stock opened at $134.35 on Monday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.83. The business has a 50-day moving average price of $131.34 and a two-hundred day moving average price of $138.59. Paycom Software, Inc. has a 12-month low of $104.90 and a 12-month high of $248.95. The firm has a market cap of $6.40 billion, a P/E ratio of 15.53, a price-to-earnings-growth ratio of 1.17 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 (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 firm had revenue of $571.80 million during the quarter, compared to analyst estimates of $564.37 million. During the same quarter in the previous year, the company posted $2.80 earnings per share. The company’s revenue was up 7.8% compared to the same quarter last year. Equities analysts anticipate that Paycom Software, Inc. will post 9.16 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th were paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $1.50 annualized dividend and a yield of 1.1%. Paycom Software’s payout ratio is 17.34%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Paycom Software in a research note on Friday, May 1st. BMO Capital Markets lifted their price objective on Paycom Software from $137.00 to $145.00 and gave the company a “market perform” rating in a research note on Thursday, May 7th. TD Cowen lifted their price objective on Paycom Software from $148.00 to $154.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Mizuho lifted their price objective on Paycom Software from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Finally, BTIG Research lifted their price objective on Paycom Software from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $159.67.

Paycom Software 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.