Corient Private Wealth LLC Has $2.27 Million Stake in Paycom Software, Inc. $PAYC

Corient Private Wealth LLC raised its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 218.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,217 shares of the software maker’s stock after acquiring an additional 9,750 shares during the period. Corient Private Wealth LLC’s holdings in Paycom Software were worth $2,266,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. True Wealth Design LLC lifted its position in shares of Paycom Software by 946.7% during the 4th quarter. True Wealth Design LLC now owns 157 shares of the software maker’s stock worth $25,000 after purchasing an additional 142 shares during the last quarter. Brown Brothers Harriman & Co. grew its holdings in Paycom Software by 190.6% in the 4th quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker’s stock valued at $25,000 after buying an additional 101 shares during the last quarter. Clearstead Advisors LLC increased its position in Paycom Software by 140.3% in the 4th quarter. Clearstead Advisors LLC now owns 161 shares of the software maker’s stock worth $26,000 after buying an additional 94 shares during the period. CYBER HORNET ETFs LLC bought a new position in Paycom Software in the 2nd quarter worth approximately $29,000. Finally, Caitlin John LLC acquired a new position in shares of Paycom Software during the third quarter worth approximately $29,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Paycom Software Stock Performance

NYSE PAYC opened at $129.63 on Monday. Paycom Software, Inc. has a twelve month low of $104.90 and a twelve month high of $248.95. 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 stock has a market cap of $6.17 billion, a P/E ratio of 14.99, a PEG ratio of 1.10 and a beta of 0.79. The company’s 50-day simple moving average is $132.62 and its 200 day simple moving average is $136.03.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings results on Wednesday, May 6th. The software maker reported $3.15 EPS for the quarter, topping analysts’ consensus estimates of $2.99 by $0.16. The firm had revenue of $571.80 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.80 earnings per share. As a group, research analysts forecast that Paycom Software, Inc. will post 9.32 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th were issued 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 is presently 17.34%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on PAYC shares. Cantor Fitzgerald increased their price objective 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 reaffirmed a “sell (d+)” rating on shares of Paycom Software in a research report on Friday, May 1st. Citigroup upped their target price on shares of Paycom Software from $120.00 to $136.00 and gave the company a “neutral” 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 report on Monday, May 18th. Finally, Mizuho raised 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. One research 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. Based on data from MarketBeat.com, Paycom Software presently has an average rating of “Hold” and a consensus target price of $159.25.

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.