Absher Wealth Management LLC Grows Stock Holdings in Paycom Software, Inc. $PAYC

Absher Wealth Management LLC grew its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 43.5% during the 1st quarter, HoldingsChannel reports. The fund owned 19,305 shares of the software maker’s stock after buying an additional 5,852 shares during the period. Absher Wealth Management LLC’s holdings in Paycom Software were worth $2,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in PAYC. True Wealth Design LLC grew its position 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 valued at $25,000 after purchasing an additional 142 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in Paycom Software by 190.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker’s stock worth $25,000 after purchasing an additional 101 shares in the last quarter. Clearstead Advisors LLC boosted its stake 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 purchasing an additional 94 shares during the period. CYBER HORNET ETFs LLC bought a new position in Paycom Software in the 2nd quarter worth about $29,000. Finally, MUFG Securities EMEA plc purchased a new position in Paycom Software during the 2nd quarter valued at about $33,000. 87.77% of the stock is owned by institutional investors.

Paycom Software Stock Performance

Shares of PAYC opened at $139.16 on Monday. Paycom Software, Inc. has a 12-month low of $104.90 and a 12-month high of $248.95. 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 company has a market cap of $6.63 billion, a PE ratio of 16.09, a price-to-earnings-growth ratio of 1.18 and a beta of 0.80. The stock has a 50-day moving average price of $134.48 and a 200-day moving average price of $134.07.

Paycom Software (NYSE:PAYC) last announced its earnings results on Wednesday, May 6th. The software maker reported $3.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.99 by $0.16. Paycom Software had a net margin of 22.44% and a return on equity of 28.34%. The business had revenue of $571.80 million for the quarter, compared to the consensus estimate of $564.37 million. During the same period last year, the firm posted $2.80 earnings per share. Paycom Software’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, equities 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 declared 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 1.1%. 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. BMO Capital Markets upped their price target on Paycom Software from $137.00 to $145.00 and gave the company a “market perform” rating in a research report on Thursday, May 7th. UBS Group reduced their price objective 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. Mizuho upped their target price on shares of Paycom Software from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Barclays lowered 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. Finally, TD Cowen cut their price target on shares of Paycom Software from $154.00 to $149.00 and set a “buy” rating for the company in a report on Friday, June 26th. 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’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target 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.