Creative Planning Raises Stock Position in Paycom Software, Inc. $PAYC

Creative Planning raised its holdings in Paycom Software, Inc. (NYSE:PAYC) by 24.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,442 shares of the software maker’s stock after purchasing an additional 2,275 shares during the quarter. Creative Planning’s holdings in Paycom Software were worth $2,648,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PAYC. Brooklyn Investment Group lifted its holdings in shares of Paycom Software by 19.4% in the 1st quarter. Brooklyn Investment Group now owns 240 shares of the software maker’s stock valued at $52,000 after buying an additional 39 shares during the period. Commerce Bank raised its position in 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 acquiring an additional 50 shares in the last quarter. US Bancorp DE lifted its holdings in Paycom Software by 0.5% in the first quarter. US Bancorp DE now owns 10,421 shares of the software maker’s stock valued at $2,277,000 after acquiring an additional 57 shares during the period. Applied Finance Capital Management LLC lifted its holdings in Paycom Software by 4.3% in the second quarter. Applied Finance Capital Management LLC now owns 1,425 shares of the software maker’s stock valued at $330,000 after acquiring an additional 59 shares during the period. Finally, Wallace Advisory Group LLC boosted its position in Paycom Software by 2.7% in the 2nd quarter. Wallace Advisory Group LLC now owns 2,262 shares of the software maker’s stock worth $494,000 after purchasing an additional 60 shares in the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Paycom Software Stock Performance

Paycom Software stock opened at $161.90 on Monday. The stock has a market capitalization of $9.11 billion, a P/E ratio of 20.14, a P/E/G ratio of 1.76 and a beta of 0.88. The company’s fifty day moving average price is $194.05 and its 200 day moving average price is $221.88. Paycom Software, Inc. has a 1 year low of $156.50 and a 1 year high of $267.76.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings data on Wednesday, November 5th. The software maker reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.96 by ($0.02). Paycom Software had a net margin of 22.65% and a return on equity of 24.79%. The company had revenue of $493.30 million for the quarter, compared to analysts’ expectations of $492.62 million. During the same period in the previous year, the business earned $1.67 earnings per share. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. Paycom Software has set its FY 2025 guidance at EPS. Sell-side analysts predict that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Zacks Research raised shares of Paycom Software from a “strong sell” rating to a “hold” rating in a report on Thursday. BMO Capital Markets raised their price target on shares of Paycom Software from $244.00 to $258.00 and gave the company a “market perform” rating in a research report on Thursday, August 7th. TD Cowen cut their price objective on shares of Paycom Software from $258.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, November 6th. KeyCorp decreased their price objective on shares of Paycom Software from $290.00 to $250.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Finally, Guggenheim started coverage on shares of Paycom Software in a research note on Friday, September 26th. They set a “buy” rating and a $270.00 target price on the stock. Four investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $225.77.

Insider Buying and Selling

In other Paycom Software news, insider Bradley Scott Smith sold 1,500 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $223.27, for a total transaction of $334,905.00. Following the completion of the transaction, the insider owned 24,533 shares of the company’s stock, valued at $5,477,482.91. This represents a 5.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 10.90% of the company’s stock.

Paycom Software Profile

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.