GDS Wealth Management Invests $1.63 Million in Paycom Software, Inc. $PAYC

GDS Wealth Management acquired a new stake in Paycom Software, Inc. (NYSE:PAYC) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,845 shares of the software maker’s stock, valued at approximately $1,633,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PAYC. Ethic Inc. acquired a new stake in Paycom Software during the 2nd quarter valued at approximately $566,000. Aviva PLC increased its position in shares of Paycom Software by 65.2% during the second quarter. Aviva PLC now owns 34,129 shares of the software maker’s stock worth $7,897,000 after buying an additional 13,473 shares during the period. United Asset Strategies Inc. bought a new position in Paycom Software during the second quarter worth $877,000. Hussman Strategic Advisors Inc. acquired a new position in Paycom Software in the second quarter valued at $2,916,000. Finally, Dillon & Associates Inc. boosted its position in Paycom Software by 10.9% during the third quarter. Dillon & Associates Inc. now owns 68,153 shares of the software maker’s stock valued at $14,176,000 after acquiring an additional 6,696 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Paycom Software Stock Down 0.2%

Shares of NYSE:PAYC opened at $152.22 on Friday. Paycom Software, Inc. has a twelve month low of $145.61 and a twelve month high of $267.76. The stock’s 50 day moving average is $159.57 and its 200-day moving average is $194.13. The firm has a market capitalization of $8.57 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 1.56 and a beta of 0.82.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings results on Wednesday, November 5th. The software maker reported $1.94 EPS for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.02). Paycom Software had a net margin of 22.65% and a return on equity of 24.79%. The business had revenue of $493.30 million for the quarter, compared to the consensus estimate of $492.62 million. During the same quarter last year, the firm posted $1.67 EPS. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. Equities research analysts anticipate that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PAYC. Citigroup lowered their price objective on Paycom Software from $191.00 to $185.00 and set a “neutral” rating for the company in a research report on Tuesday, December 23rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Paycom Software in a report on Monday, December 29th. BMO Capital Markets restated a “market perform” rating and set a $175.00 price target on shares of Paycom Software in a report on Friday, January 16th. KeyCorp lowered 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 note on Thursday, November 6th. Finally, UBS Group cut their target price on shares of Paycom Software from $285.00 to $245.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have assigned 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 a consensus rating of “Hold” and a consensus price target of $212.14.

Insider Buying and Selling

In other news, CFO Robert D. Foster sold 1,300 shares of the 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 completion of the sale, the chief financial officer directly owned 14,747 shares of the company’s stock, valued at $2,398,747.02. This represents a 8.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 10.90% of the company’s stock.

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.