Boyd Watterson Asset Management LLC OH Reduces Stock Position in Paycom Software, Inc. $PAYC

Boyd Watterson Asset Management LLC OH lowered its holdings in Paycom Software, Inc. (NYSE:PAYC) by 69.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 3,275 shares of the software maker’s stock after selling 7,387 shares during the quarter. Boyd Watterson Asset Management LLC OH’s holdings in Paycom Software were worth $398,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. CYBER HORNET ETFs LLC purchased a new position in shares of Paycom Software during the second quarter valued at approximately $29,000. MUFG Securities EMEA plc bought a new position in shares of Paycom Software during the second quarter valued at approximately $33,000. Brown Brothers Harriman & Co. boosted its holdings in Paycom Software by 190.6% in the fourth quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker’s stock valued at $25,000 after acquiring an additional 101 shares in the last quarter. True Wealth Design LLC boosted its holdings in Paycom Software by 946.7% in the fourth quarter. True Wealth Design LLC now owns 157 shares of the software maker’s stock valued at $25,000 after acquiring an additional 142 shares in the last quarter. Finally, Palisade Asset Management LLC purchased a new position in Paycom Software during the 3rd quarter valued at $33,000. 87.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on PAYC. Citigroup upped their price objective on shares of Paycom Software from $120.00 to $136.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Barclays cut their target price on shares of Paycom Software from $150.00 to $148.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 7th. UBS Group decreased their price target on shares of Paycom Software from $210.00 to $183.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. 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 report on Thursday, May 7th. Finally, Zacks Research raised Paycom Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Paycom Software has a consensus rating of “Hold” and a consensus price target of $159.25.

Paycom Software Stock Performance

Shares of Paycom Software stock opened at $138.88 on Friday. Paycom Software, Inc. has a 12 month low of $104.90 and a 12 month high of $248.95. The firm has a market capitalization of $6.61 billion, a P/E ratio of 16.06, a P/E/G ratio of 1.14 and a beta of 0.80. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.83. The business has a fifty day simple moving average of $132.82 and a two-hundred day simple moving average of $135.09.

Paycom Software (NYSE:PAYC) last released its earnings results on Wednesday, May 6th. The software maker reported $3.15 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 22.44% and a return on equity of 28.34%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.80 EPS. On average, equities analysts forecast that Paycom Software, Inc. will post 9.32 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

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

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.