Align Financial LLC Makes New Investment in Paycom Software, Inc. $PAYC

Align Financial LLC bought a new position in shares of Paycom Software, Inc. (NYSE:PAYC) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 162,547 shares of the software maker’s stock, valued at approximately $25,903,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its holdings in Paycom Software by 3.2% in the third quarter. Vanguard Group Inc. now owns 5,802,788 shares of the software maker’s stock worth $1,207,792,000 after purchasing an additional 179,218 shares in the last quarter. State Street Corp raised its holdings in Paycom Software by 0.4% in the fourth quarter. State Street Corp now owns 2,165,546 shares of the software maker’s stock worth $345,101,000 after purchasing an additional 8,419 shares in the last quarter. First Trust Advisors LP raised its holdings in Paycom Software by 19.9% in the fourth quarter. First Trust Advisors LP now owns 1,665,529 shares of the software maker’s stock worth $265,419,000 after purchasing an additional 275,954 shares in the last quarter. Invesco Ltd. raised its holdings in Paycom Software by 9.3% in the third quarter. Invesco Ltd. now owns 1,216,188 shares of the software maker’s stock worth $253,137,000 after purchasing an additional 103,801 shares in the last quarter. Finally, Federated Hermes Inc. raised its holdings in Paycom Software by 12.7% in the fourth quarter. Federated Hermes Inc. now owns 624,371 shares of the software maker’s stock worth $99,500,000 after purchasing an additional 70,208 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

Paycom Software Price Performance

Shares of NYSE PAYC opened at $124.07 on Thursday. The stock has a market capitalization of $5.91 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 1.12 and a beta of 0.79. Paycom Software, Inc. has a 12 month low of $104.90 and a 12 month high of $248.95. The firm’s 50 day simple moving average is $131.71 and its 200-day simple moving average is $137.90. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.08 and a quick ratio of 1.08.

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. Analysts expect that Paycom Software, Inc. will post 9.16 EPS for the current year.

Paycom Software Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have commented on PAYC shares. Zacks Research upgraded shares of Paycom Software from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. Citigroup boosted their target price 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. BMO Capital Markets upped their price objective on shares of Paycom Software from $137.00 to $145.00 and gave the company a “market perform” rating in a report on Thursday, May 7th. TD Cowen upped their price objective on shares of Paycom Software from $148.00 to $154.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Paycom Software in a report on Friday, May 1st. 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target 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.