Paycom Software, Inc. $PAYC Shares Acquired by Aviva PLC

Aviva PLC boosted its holdings in Paycom Software, Inc. (NYSE:PAYC) by 65.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,129 shares of the software maker’s stock after buying an additional 13,473 shares during the quarter. Aviva PLC owned 0.06% of Paycom Software worth $7,897,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Brooklyn Investment Group boosted its stake in shares of Paycom Software by 19.4% during the 1st quarter. Brooklyn Investment Group now owns 240 shares of the software maker’s stock worth $52,000 after acquiring an additional 39 shares in the last quarter. Commerce Bank lifted its holdings in shares of Paycom Software by 2.2% during the first quarter. Commerce Bank now owns 2,351 shares of the software maker’s stock valued at $514,000 after purchasing an additional 50 shares during the last quarter. Allworth Financial LP boosted its position in shares of Paycom Software by 12.9% in the 1st quarter. Allworth Financial LP now owns 464 shares of the software maker’s stock valued at $105,000 after purchasing an additional 53 shares during the period. US Bancorp DE increased its stake in Paycom Software by 0.5% in the 1st quarter. US Bancorp DE now owns 10,421 shares of the software maker’s stock worth $2,277,000 after purchasing an additional 57 shares in the last quarter. Finally, Burns Matteson Capital Management LLC raised its holdings in Paycom Software by 2.5% during the 1st quarter. Burns Matteson Capital Management LLC now owns 2,348 shares of the software maker’s stock worth $513,000 after buying an additional 58 shares during the period. Institutional investors own 87.77% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. UBS Group decreased their target price on shares of Paycom Software from $285.00 to $245.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Barclays decreased their price objective on shares of Paycom Software from $225.00 to $210.00 and set an “equal weight” rating for the company in a research note on Thursday, November 6th. Jefferies Financial Group cut their target price on shares of Paycom Software from $225.00 to $190.00 and set a “hold” rating on the stock in a research note on Thursday, November 6th. TD Cowen decreased their target price on Paycom Software from $258.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Finally, Zacks Research downgraded Paycom Software from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 22nd. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $225.77.

Insider Buying and Selling

In related news, insider Bradley Scott Smith sold 1,500 shares of Paycom Software stock in a transaction on Friday, September 12th. The shares were sold at an average price of $223.27, for a total value of $334,905.00. Following the transaction, the insider owned 24,533 shares in the company, valued at $5,477,482.91. This trade represents a 5.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 10.90% of the stock is owned by company insiders.

Paycom Software Stock Performance

Shares of NYSE PAYC opened at $166.83 on Thursday. The business’s 50-day simple moving average is $202.58 and its 200-day simple moving average is $225.10. Paycom Software, Inc. has a 52 week low of $156.50 and a 52 week high of $267.76. The firm has a market cap of $9.39 billion, a price-to-earnings ratio of 20.75, a P/E/G ratio of 1.86 and a beta of 0.88.

Paycom Software (NYSE:PAYC) last announced its earnings results on Wednesday, November 5th. The software maker reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.02). Paycom Software had a return on equity of 24.79% and a net margin of 22.65%.The company had revenue of $493.30 million for the quarter, compared to the consensus estimate of $492.62 million. During the same period in the previous year, the company earned $1.67 EPS. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. Paycom Software has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 8th. Investors of record on Monday, November 24th will be paid a $0.375 dividend. The ex-dividend date is Monday, November 24th. This represents a $1.50 dividend on an annualized basis and a yield of 0.9%. Paycom Software’s dividend payout ratio (DPR) is presently 18.66%.

About Paycom Software

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.