Federated Hermes Inc. Sells 18,571 Shares of Paycom Software, Inc. $PAYC

Federated Hermes Inc. decreased its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 3.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 554,163 shares of the software maker’s stock after selling 18,571 shares during the quarter. Federated Hermes Inc. owned approximately 0.96% of Paycom Software worth $115,343,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PAYC. Applied Finance Capital Management LLC boosted its stake in Paycom Software by 4.3% in the 2nd quarter. Applied Finance Capital Management LLC now owns 1,425 shares of the software maker’s stock worth $330,000 after purchasing an additional 59 shares during the period. ORG Wealth Partners LLC lifted its holdings in shares of Paycom Software by 4.4% in the third quarter. ORG Wealth Partners LLC now owns 1,390 shares of the software maker’s stock worth $289,000 after buying an additional 59 shares in the last quarter. Wallace Advisory Group LLC boosted its position in shares of Paycom Software by 2.7% in the second quarter. Wallace Advisory Group LLC now owns 2,262 shares of the software maker’s stock valued at $494,000 after acquiring an additional 60 shares during the period. Angeles Wealth Management LLC grew its stake in Paycom Software by 5.0% during the second quarter. Angeles Wealth Management LLC now owns 1,382 shares of the software maker’s stock valued at $320,000 after acquiring an additional 66 shares in the last quarter. Finally, World Investment Advisors increased its holdings in Paycom Software by 5.1% during the 2nd quarter. World Investment Advisors now owns 1,352 shares of the software maker’s stock worth $313,000 after acquiring an additional 66 shares during the period. 87.77% of the stock is currently owned by institutional investors.

Insider Transactions at Paycom Software

In other Paycom Software news, CFO Robert D. Foster sold 1,300 shares of the stock in a transaction 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 transaction, the chief financial officer 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 10.90% of the company’s stock.

Analyst Upgrades and Downgrades

PAYC has been the topic of a number of recent analyst reports. Zacks Research downgraded Paycom Software from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. UBS Group lowered their price target on Paycom Software from $245.00 to $210.00 and set a “buy” rating on the stock in a report on Monday. Jefferies Financial Group cut their price objective on Paycom Software from $225.00 to $190.00 and set a “hold” rating for the company in a report on Thursday, November 6th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $175.00 target price on shares of Paycom Software in a research note on Friday, January 16th. Finally, Mizuho dropped their target price on shares of Paycom Software from $220.00 to $180.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $209.64.

Paycom Software Price Performance

PAYC opened at $139.58 on Thursday. The stock’s 50 day simple moving average is $158.44 and its 200 day simple moving average is $192.35. The firm has a market cap of $7.85 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 1.49 and a beta of 0.82. Paycom Software, Inc. has a 1 year low of $139.43 and a 1 year high of $267.76.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings results on Wednesday, November 5th. The software maker reported $1.94 earnings per share (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 analysts’ expectations of $492.62 million. During the same quarter in the prior year, the firm earned $1.67 EPS. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, November 24th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Monday, November 24th. Paycom Software’s dividend payout ratio is presently 18.66%.

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.