Baillie Gifford & Co. Increases Stake in Paycom Software, Inc. $PAYC

Baillie Gifford & Co. grew its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 10.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,708,662 shares of the software maker’s stock after purchasing an additional 158,967 shares during the quarter. Baillie Gifford & Co. owned approximately 2.95% of Paycom Software worth $355,641,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Applied Finance Capital Management LLC boosted its position in Paycom Software by 4.3% during the 2nd quarter. Applied Finance Capital Management LLC now owns 1,425 shares of the software maker’s stock valued at $330,000 after buying an additional 59 shares during the period. ORG Wealth Partners LLC raised its stake in shares of Paycom Software by 4.4% during the third quarter. ORG Wealth Partners LLC now owns 1,390 shares of the software maker’s stock valued at $289,000 after acquiring an additional 59 shares during the last quarter. Wallace Advisory Group LLC boosted its holdings in shares of Paycom Software by 2.7% during the second 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 during the period. Angeles Wealth Management LLC grew its stake in shares of Paycom Software by 5.0% in the second quarter. Angeles Wealth Management LLC now owns 1,382 shares of the software maker’s stock worth $320,000 after purchasing an additional 66 shares during the last quarter. Finally, World Investment Advisors grew its stake in shares of Paycom Software by 5.1% in the second quarter. World Investment Advisors now owns 1,352 shares of the software maker’s stock worth $313,000 after purchasing an additional 66 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

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 sale, the chief financial officer owned 14,747 shares in the company, valued at $2,398,747.02. This represents a 8.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 10.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on PAYC. Guggenheim started coverage on Paycom Software in a report on Friday, September 26th. They issued a “buy” rating and a $270.00 price objective for the company. Barclays dropped their price target on Paycom Software from $210.00 to $185.00 and set an “equal weight” rating for the company in a research note on Monday, January 12th. KeyCorp reduced their price objective on shares of Paycom Software from $290.00 to $250.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Jefferies Financial Group decreased their price objective on shares of Paycom Software from $225.00 to $190.00 and set a “hold” rating for the company in a report on Thursday, November 6th. Finally, Citigroup reduced their price target on shares of Paycom Software from $191.00 to $185.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 23rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Paycom Software currently has an average rating of “Hold” and an average price target of $212.14.

Paycom Software Trading Down 0.2%

Shares of Paycom Software stock opened at $152.22 on Friday. Paycom Software, Inc. has a 12 month low of $145.61 and a 12 month high of $267.76. The firm has a market capitalization of $8.57 billion, a P/E ratio of 18.93, a P/E/G ratio of 1.56 and a beta of 0.82. The business has a fifty day simple moving average of $159.57 and a two-hundred day simple moving average of $194.40.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings results 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 return on equity of 24.79% and a net margin of 22.65%.The business had revenue of $493.30 million during the quarter, compared to the consensus estimate of $492.62 million. During the same quarter in the previous year, the business earned $1.67 earnings per share. The firm’s revenue was up 9.2% compared to the same quarter last year. Analysts predict that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Dividend Announcement

The firm also recently announced 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. This represents a $1.50 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Monday, November 24th. Paycom Software’s dividend payout ratio (DPR) is presently 18.66%.

About Paycom Software

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.