Berkeley Inc Buys 15,080 Shares of Paycom Software, Inc. $PAYC

Berkeley Inc lifted its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 119.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,654 shares of the software maker’s stock after purchasing an additional 15,080 shares during the period. Paycom Software accounts for 1.9% of Berkeley Inc’s holdings, making the stock its 24th biggest position. Berkeley Inc’s holdings in Paycom Software were worth $5,756,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in PAYC. CYBER HORNET ETFs LLC bought a new stake in Paycom Software during the second quarter worth $29,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Paycom Software during the 3rd quarter worth about $31,000. MUFG Securities EMEA plc bought a new stake in shares of Paycom Software in the 2nd quarter valued at about $33,000. Bogart Wealth LLC lifted its stake in Paycom Software by 100.0% in the 3rd quarter. Bogart Wealth LLC now owns 200 shares of the software maker’s stock valued at $42,000 after purchasing an additional 100 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in Paycom Software by 540.6% during the third quarter. Blue Trust Inc. now owns 205 shares of the software maker’s stock worth $43,000 after purchasing an additional 173 shares during the period. 87.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

PAYC has been the topic of several research analyst reports. Jefferies Financial Group dropped their price objective on Paycom Software from $225.00 to $190.00 and set a “hold” rating on the stock in a research note on Thursday, November 6th. Mizuho dropped their price target on Paycom Software from $220.00 to $180.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. KeyCorp reduced 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. TD Cowen dropped their price objective on shares of Paycom Software from $200.00 to $184.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Finally, Guggenheim began 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 for the company. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, Paycom Software has a consensus rating of “Hold” and an average price target of $212.14.

Paycom Software Stock Down 0.5%

Shares of Paycom Software stock opened at $147.61 on Wednesday. Paycom Software, Inc. has a 12-month low of $145.61 and a 12-month high of $267.76. The company has a market capitalization of $8.31 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 1.52 and a beta of 0.82. The firm’s 50-day moving average price is $160.45 and its two-hundred day moving average price is $195.58.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Wednesday, November 5th. The software maker reported $1.94 earnings per share 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 firm had revenue of $493.30 million for the quarter, compared to the consensus estimate of $492.62 million. During the same period last year, the company posted $1.67 EPS. The business’s revenue was up 9.2% on a year-over-year basis. On average, sell-side analysts expect that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, November 24th were paid a $0.375 dividend. The ex-dividend date of this dividend was Monday, November 24th. This represents a $1.50 annualized dividend and a yield of 1.0%. Paycom Software’s dividend payout ratio (DPR) is 18.66%.

Insider Transactions at Paycom Software

In other Paycom Software news, CFO Robert D. Foster sold 1,300 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $162.66, for a total transaction of $211,458.00. Following the completion of the transaction, the chief financial officer owned 14,747 shares of the company’s stock, valued at approximately $2,398,747.02. The trade was a 8.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.90% of the stock is currently owned by corporate insiders.

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.