Confluence Investment Management LLC Trims Stake in Paycom Software, Inc. $PAYC

Confluence Investment Management LLC lessened its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 319,291 shares of the software maker’s stock after selling 8,021 shares during the period. Confluence Investment Management LLC owned about 0.57% of Paycom Software worth $50,882,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Brighton Jones LLC bought a new position in Paycom Software in the 4th quarter valued at $638,000. AQR Capital Management LLC grew its holdings in shares of Paycom Software by 23.7% in the first quarter. AQR Capital Management LLC now owns 19,155 shares of the software maker’s stock worth $4,136,000 after purchasing an additional 3,674 shares during the last quarter. United Services Automobile Association purchased a new position in Paycom Software in the 1st quarter worth about $215,000. Empowered Funds LLC lifted its holdings in Paycom Software by 22.8% during the 1st quarter. Empowered Funds LLC now owns 7,958 shares of the software maker’s stock valued at $1,739,000 after buying an additional 1,480 shares in the last quarter. Finally, Focus Partners Wealth boosted its position in Paycom Software by 220.8% in the 1st quarter. Focus Partners Wealth now owns 3,940 shares of the software maker’s stock valued at $861,000 after buying an additional 2,712 shares during the period. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on PAYC shares. Guggenheim reduced their target price on shares of Paycom Software from $210.00 to $180.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. BTIG Research decreased their target price on Paycom Software from $195.00 to $140.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. BMO Capital Markets dropped their price target on Paycom Software from $175.00 to $137.00 and set a “market perform” rating on the stock in a research report on Thursday, February 12th. Weiss Ratings downgraded Paycom Software from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, February 3rd. Finally, Jefferies Financial Group lowered their price objective on shares of Paycom Software from $190.00 to $130.00 and set a “hold” rating for the company in a research note on Thursday, February 12th. Five 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 data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $170.71.

Paycom Software Trading Down 0.2%

PAYC opened at $124.21 on Friday. The firm has a market cap of $6.74 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 1.31 and a beta of 0.80. Paycom Software, Inc. has a 12 month low of $104.90 and a 12 month high of $267.76. The stock has a fifty day moving average price of $133.74 and a 200-day moving average price of $167.46.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Wednesday, February 11th. The software maker reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.01. The company had revenue of $544.30 million for the quarter, compared to the consensus estimate of $542.79 million. Paycom Software had a return on equity of 24.25% and a net margin of 22.10%.The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.32 earnings per share. On average, equities research analysts forecast that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Monday, March 9th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Monday, March 9th. Paycom Software’s payout ratio is 18.54%.

Paycom Software Company 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.