Dakota Wealth Management Acquires 4,714 Shares of Paycom Software, Inc. $PAYC

Dakota Wealth Management raised its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 18.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,583 shares of the software maker’s stock after purchasing an additional 4,714 shares during the quarter. Dakota Wealth Management owned 0.05% of Paycom Software worth $6,366,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. CYBER HORNET ETFs LLC purchased a new position in Paycom Software in the 2nd quarter worth about $29,000. MUFG Securities EMEA plc bought a new position in Paycom Software in the 2nd quarter worth about $33,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Paycom Software during the third quarter worth approximately $31,000. Bogart Wealth LLC increased its position in shares of Paycom Software by 100.0% during the third quarter. Bogart Wealth LLC now owns 200 shares of the software maker’s stock worth $42,000 after acquiring an additional 100 shares during the period. Finally, Avalon Trust Co bought a new stake in shares of Paycom Software during the third quarter valued at approximately $42,000. 87.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Paycom Software news, CFO Robert D. Foster sold 1,300 shares of Paycom Software stock in a transaction on Wednesday, December 10th. The shares were 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.90% of the stock is currently owned by company insiders.

Paycom Software Price Performance

Shares of PAYC stock opened at $119.24 on Wednesday. The stock’s 50-day moving average is $144.07 and its 200 day moving average is $178.03. Paycom Software, Inc. has a 1-year low of $104.90 and a 1-year high of $267.76. The company has a market cap of $6.47 billion, a P/E ratio of 14.74, a PEG ratio of 1.24 and a beta of 0.79.

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Wednesday, February 11th. The software maker reported $2.45 EPS for the quarter, beating the consensus estimate of $2.44 by $0.01. Paycom Software had a net margin of 22.10% and a return on equity of 24.25%. The business had revenue of $544.30 million during the quarter, compared to analyst estimates of $542.79 million. During the same period in the prior year, the firm posted $2.32 earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis. On average, analysts anticipate that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Monday, March 9th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, March 9th. Paycom Software’s dividend payout ratio (DPR) is 18.54%.

Analyst Ratings Changes

Several research analysts have commented on the company. Mizuho reduced their price objective on Paycom Software from $180.00 to $120.00 and set a “neutral” rating on the stock in a report on Thursday, February 12th. BTIG Research dropped their price target on Paycom Software from $195.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Zacks Research upgraded Paycom Software from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th. Cantor Fitzgerald lowered their price objective on shares of Paycom Software from $135.00 to $115.00 and set a “neutral” rating for the company in a research note on Thursday, February 12th. Finally, BMO Capital Markets dropped their target price on shares of Paycom Software from $175.00 to $137.00 and set a “market perform” rating on the stock in a report on Thursday, February 12th. Five investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $168.57.

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.