Paycom Software, Inc. $PAYC Shares Sold by Avory & Company LLC

Avory & Company LLC lessened its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 50.8% in the first quarter, Holdings Channel.com reports. The institutional investor owned 19,762 shares of the software maker’s stock after selling 20,369 shares during the quarter. Paycom Software makes up 3.1% of Avory & Company LLC’s portfolio, making the stock its 10th largest holding. Avory & Company LLC’s holdings in Paycom Software were worth $2,402,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Reinhart Partners LLC. grew its holdings in shares of Paycom Software by 887.4% during the fourth quarter. Reinhart Partners LLC. now owns 598,323 shares of the software maker’s stock valued at $95,351,000 after purchasing an additional 537,726 shares during the last quarter. Contour Asset Management LLC bought a new stake in shares of Paycom Software in the 4th quarter worth approximately $60,333,000. Two Sigma Investments LP lifted its holdings in shares of Paycom Software by 228.7% in the 3rd quarter. Two Sigma Investments LP now owns 532,124 shares of the software maker’s stock worth $110,756,000 after purchasing an additional 370,219 shares during the last quarter. Invesco Ltd. boosted its position in Paycom Software by 28.2% during the 4th quarter. Invesco Ltd. now owns 1,559,682 shares of the software maker’s stock valued at $248,551,000 after purchasing an additional 343,494 shares during the period. Finally, River Road Asset Management LLC boosted its position in Paycom Software by 481.9% during the 4th quarter. River Road Asset Management LLC now owns 392,403 shares of the software maker’s stock valued at $62,533,000 after purchasing an additional 324,970 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on PAYC shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Paycom Software in a research report on Friday, May 1st. Zacks Research raised shares of Paycom Software from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. Mizuho upped their price target on shares of Paycom Software from $120.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. UBS Group dropped their price objective on shares of Paycom Software from $210.00 to $183.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. Finally, BMO Capital Markets lifted their price objective on shares of Paycom Software from $137.00 to $145.00 and gave the company a “market perform” 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 assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $159.25.

Paycom Software Price Performance

Shares of PAYC opened at $140.01 on Tuesday. Paycom Software, Inc. has a one year low of $104.90 and a one year high of $248.95. The stock’s fifty day moving average is $133.28 and its 200-day moving average is $134.76. 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 firm has a market capitalization of $6.67 billion, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 1.19 and a beta of 0.80.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings data 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 business had revenue of $571.80 million during 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 quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.80 earnings per share. Equities analysts anticipate that Paycom Software, Inc. will post 9.32 EPS for the current year.

Paycom Software Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Tuesday, May 26th were issued 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 presently 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.