American Century Companies Inc. Has $26.66 Million Stock Position in Paycom Software, Inc. $PAYC

American Century Companies Inc. lessened its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 1.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 115,219 shares of the software maker’s stock after selling 1,532 shares during the quarter. American Century Companies Inc. owned approximately 0.20% of Paycom Software worth $26,662,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Ethic Inc. bought a new stake in shares of Paycom Software during the 2nd quarter valued at $566,000. Aviva PLC increased its position in shares of Paycom Software by 65.2% in the second quarter. Aviva PLC now owns 34,129 shares of the software maker’s stock worth $7,897,000 after purchasing an additional 13,473 shares during the period. United Asset Strategies Inc. acquired a new position in Paycom Software in the second quarter valued at about $877,000. Hussman Strategic Advisors Inc. bought a new stake in Paycom Software during the second quarter worth about $2,916,000. Finally, Nisa Investment Advisors LLC lifted its position in Paycom Software by 88.1% during the second quarter. Nisa Investment Advisors LLC now owns 14,658 shares of the software maker’s stock worth $3,392,000 after purchasing an additional 6,866 shares during the period. Institutional investors own 87.77% of the company’s stock.

Paycom Software Stock Performance

NYSE PAYC opened at $161.17 on Monday. The firm’s fifty day moving average price is $188.57 and its two-hundred day moving average price is $218.56. The stock has a market cap of $9.07 billion, a PE ratio of 20.05, a PEG ratio of 1.75 and a beta of 0.84. Paycom Software, Inc. has a fifty-two week low of $156.50 and a fifty-two week high of $267.76.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Wednesday, November 5th. The software maker reported $1.94 earnings per share 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 firm had revenue of $493.30 million for the quarter, compared to analyst estimates of $492.62 million. During the same period last year, the business earned $1.67 EPS. The company’s revenue was up 9.2% compared to the same quarter last year. Paycom Software has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

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

Insider Transactions at Paycom Software

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on PAYC shares. Guggenheim started coverage on shares of Paycom Software in a report on Friday, September 26th. They issued a “buy” rating and a $270.00 target price on the stock. Zacks Research upgraded shares of Paycom Software from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 20th. JPMorgan Chase & Co. lowered their price objective on shares of Paycom Software from $235.00 to $220.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. UBS Group cut their target price on Paycom Software from $285.00 to $245.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Finally, KeyCorp cut their target price on Paycom Software from $290.00 to $250.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Four research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, Paycom Software presently has an average rating of “Hold” and an average target price of $225.77.

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.