Amiral Gestion Raises Stock Position in Paycom Software, Inc. $PAYC

Amiral Gestion increased its holdings in Paycom Software, Inc. (NYSE:PAYC) by 42.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,488 shares of the software maker’s stock after purchasing an additional 34,722 shares during the period. Paycom Software makes up 6.8% of Amiral Gestion’s investment portfolio, making the stock its 6th biggest holding. Amiral Gestion owned 0.21% of Paycom Software worth $18,564,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. CYBER HORNET ETFs LLC acquired a new stake in shares of Paycom Software in the second quarter valued at about $29,000. Caitlin John LLC acquired a new position in shares of Paycom Software in the 3rd quarter worth approximately $29,000. MUFG Securities EMEA plc bought a new stake in shares of Paycom Software in the 2nd quarter worth about $33,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Paycom Software during the third quarter worth approximately $31,000. Finally, True Wealth Design LLC boosted its stake in Paycom Software by 946.7% in the fourth quarter. True Wealth Design LLC now owns 157 shares of the software maker’s stock worth $25,000 after purchasing an additional 142 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Analysts Set New Price Targets

PAYC has been the topic of a number of recent research reports. BMO Capital Markets decreased their price objective 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. KeyCorp lowered their price objective on shares of Paycom Software from $250.00 to $195.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. Zacks Research raised shares of Paycom Software from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 18th. Jefferies Financial Group decreased their price objective on Paycom Software from $190.00 to $130.00 and set a “hold” rating for the company in a report on Thursday, February 12th. Finally, TD Cowen reduced their price objective on shares of Paycom Software from $200.00 to $184.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. Five research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $170.71.

Paycom Software Stock Performance

Shares of NYSE PAYC opened at $116.94 on Friday. The company’s 50 day moving average price is $129.76 and its 200-day moving average price is $163.22. Paycom Software, Inc. has a 52-week low of $104.90 and a 52-week high of $267.76. The company has a market capitalization of $6.35 billion, a P/E ratio of 14.46, a price-to-earnings-growth ratio of 1.30 and a beta of 0.80.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings data on Wednesday, February 11th. The software maker reported $2.45 earnings per share for the quarter, topping 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 company had revenue of $544.30 million during the quarter, compared to analysts’ expectations of $542.79 million. During the same period in the prior year, the company posted $2.32 earnings per share. Paycom Software’s revenue for the quarter was up 10.2% compared to the same quarter last year. Analysts forecast that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Monday, March 9th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, March 9th. This represents a $1.50 annualized dividend and a dividend yield of 1.3%. Paycom Software’s dividend payout ratio (DPR) is 18.54%.

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.