Paycom Software, Inc. $PAYC is Amiral Gestion’s 8th Largest Position

Amiral Gestion cut its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 27.7% in the first quarter, HoldingsChannel reports. The firm owned 84,206 shares of the software maker’s stock after selling 32,282 shares during the period. Paycom Software accounts for about 5.7% of Amiral Gestion’s holdings, making the stock its 8th biggest holding. Amiral Gestion’s holdings in Paycom Software were worth $10,234,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. CYBER HORNET ETFs LLC acquired a new stake in Paycom Software during the 2nd quarter worth about $29,000. Caitlin John LLC acquired a new position in shares of Paycom Software in the 3rd quarter valued at about $29,000. MUFG Securities EMEA plc acquired a new position in shares of Paycom Software in the 2nd quarter valued at about $33,000. Brown Brothers Harriman & Co. boosted its stake 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 buying an additional 101 shares during the last quarter. Finally, True Wealth Design LLC boosted its stake 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 buying an additional 142 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on PAYC. Cantor Fitzgerald lifted their price target on Paycom Software from $115.00 to $135.00 and gave the company a “neutral” rating in a research report on Friday, March 6th. Weiss Ratings restated a “sell (d+)” rating on shares of Paycom Software in a research report on Friday, May 1st. BTIG Research raised their price objective on shares of Paycom Software from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Zacks Research raised shares of Paycom Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. Finally, Barclays decreased their target price on shares of Paycom Software from $150.00 to $148.00 and set an “equal weight” rating for the company in a research note on Thursday, May 7th. One 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 company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $159.67.

Paycom Software Stock Up 0.5%

Paycom Software stock opened at $124.33 on Wednesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market capitalization of $5.92 billion, a PE ratio of 14.37, a price-to-earnings-growth ratio of 1.07 and a beta of 0.79. The business has a 50 day simple moving average of $132.25 and a 200-day simple moving average of $136.83. Paycom Software, Inc. has a 12 month low of $104.90 and a 12 month high of $248.95.

Paycom Software (NYSE:PAYC) last announced its earnings results on Wednesday, May 6th. The software maker reported $3.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $564.37 million. During the same quarter last year, the firm posted $2.80 EPS. The business’s revenue was up 7.8% on a year-over-year basis. On average, analysts anticipate that Paycom Software, Inc. will post 9.16 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, May 26th. Paycom Software’s dividend payout ratio (DPR) is presently 17.34%.

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.