Paycom Software, Inc. $PAYC Shares Purchased by Dillon & Associates Inc.

Dillon & Associates Inc. increased its holdings in Paycom Software, Inc. (NYSE:PAYC) by 10.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 68,153 shares of the software maker’s stock after purchasing an additional 6,696 shares during the quarter. Paycom Software accounts for about 1.8% of Dillon & Associates Inc.’s holdings, making the stock its 18th largest holding. Dillon & Associates Inc. owned 0.12% of Paycom Software worth $14,176,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Paycom Software by 3.0% in the second quarter. Vanguard Group Inc. now owns 5,623,570 shares of the software maker’s stock valued at $1,301,294,000 after buying an additional 165,647 shares in the last quarter. State Street Corp grew its stake in Paycom Software by 8.4% in the 2nd quarter. State Street Corp now owns 2,097,910 shares of the software maker’s stock valued at $485,456,000 after acquiring an additional 162,477 shares during the period. Geode Capital Management LLC increased its holdings in Paycom Software by 5.3% in the 2nd quarter. Geode Capital Management LLC now owns 1,661,685 shares of the software maker’s stock worth $383,265,000 after acquiring an additional 83,154 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Paycom Software by 17.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 633,692 shares of the software maker’s stock worth $146,636,000 after acquiring an additional 96,138 shares during the period. Finally, Federated Hermes Inc. raised its position in Paycom Software by 20.0% during the second quarter. Federated Hermes Inc. now owns 572,734 shares of the software maker’s stock worth $132,531,000 after acquiring an additional 95,259 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PAYC. Barclays cut their target price on shares of Paycom Software from $210.00 to $185.00 and set an “equal weight” rating for the company in a research note on Monday. TD Cowen cut their price objective on Paycom Software from $200.00 to $184.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. Zacks Research upgraded Paycom Software from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 20th. BTIG Research assumed coverage on Paycom Software in a research note on Wednesday, December 17th. They issued a “buy” rating and a $195.00 price target on the stock. Finally, KeyCorp reduced their price objective 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. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $218.07.

Paycom Software Stock Down 1.2%

Shares of NYSE:PAYC opened at $152.69 on Friday. Paycom Software, Inc. has a 52-week low of $151.74 and a 52-week high of $267.76. The stock has a market cap of $8.59 billion, a P/E ratio of 18.99, a PEG ratio of 1.58 and a beta of 0.82. The business has a fifty day moving average of $161.54 and a two-hundred day moving average of $197.83.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings results 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 in the previous year, the firm posted $1.67 EPS. The company’s revenue was up 9.2% compared to the same quarter last year. On average, equities analysts anticipate that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, November 24th were issued a dividend of $0.375 per share. The ex-dividend date was Monday, November 24th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.0%. Paycom Software’s dividend payout ratio (DPR) is currently 18.66%.

Insider Activity at Paycom Software

In related news, CFO Robert D. Foster sold 1,300 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $162.66, for a total value of $211,458.00. Following the transaction, the chief financial officer directly owned 14,747 shares in the company, valued at approximately $2,398,747.02. This represents a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 10.90% of the company’s stock.

Paycom Software 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.