Nisa Investment Advisors LLC Sells 5,239 Shares of Paycom Software, Inc. $PAYC

Nisa Investment Advisors LLC trimmed its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 70.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,241 shares of the software maker’s stock after selling 5,239 shares during the period. Nisa Investment Advisors LLC’s holdings in Paycom Software were worth $357,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allianz Asset Management GmbH boosted its holdings in shares of Paycom Software by 10,106.6% in the 3rd quarter. Allianz Asset Management GmbH now owns 486,957 shares of the software maker’s stock valued at $101,355,000 after purchasing an additional 482,186 shares in the last quarter. Dillon & Associates Inc. raised its holdings in shares of Paycom Software by 10.9% during the 3rd quarter. Dillon & Associates Inc. now owns 68,153 shares of the software maker’s stock worth $14,176,000 after buying an additional 6,696 shares in the last quarter. Baader Bank Aktiengesellschaft raised its holdings in shares of Paycom Software by 37.1% during the 3rd quarter. Baader Bank Aktiengesellschaft now owns 60,390 shares of the software maker’s stock worth $12,570,000 after buying an additional 16,357 shares in the last quarter. Rakuten Investment Management Inc. bought a new stake in shares of Paycom Software during the 3rd quarter worth $15,432,000. Finally, Sienna Gestion bought a new stake in shares of Paycom Software during the 3rd quarter worth $4,515,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Jefferies Financial Group decreased their target price on Paycom Software from $190.00 to $130.00 and set a “hold” rating on the stock in a research report on Thursday, February 12th. BTIG Research dropped their target price on shares of Paycom Software from $195.00 to $140.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Barclays lifted their price target on shares of Paycom Software from $140.00 to $150.00 and gave the company an “equal weight” rating in a report on Friday, March 6th. BMO Capital Markets dropped their price objective on shares of Paycom Software from $175.00 to $137.00 and set a “market perform” rating for the company in a research note on Thursday, February 12th. Finally, KeyCorp decreased their target price on shares of Paycom Software from $250.00 to $195.00 and set an “overweight” rating on the stock in a research note 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, the stock has a consensus rating of “Hold” and a consensus price target of $170.71.

Paycom Software Trading Down 0.2%

NYSE:PAYC opened at $123.37 on Monday. The stock’s 50-day moving average is $126.96 and its 200-day moving average is $158.97. Paycom Software, Inc. has a 1-year low of $104.90 and a 1-year high of $267.76. The stock has a market cap of $6.70 billion, a P/E ratio of 15.25, a price-to-earnings-growth ratio of 1.30 and a beta of 0.79.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Wednesday, February 11th. The software maker reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter last year, the business earned $2.32 EPS. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. As a group, equities analysts forecast that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Monday, March 9th were paid 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 1.2%. Paycom Software’s dividend payout ratio (DPR) is presently 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.