Aberdeen Group plc Sells 7,161 Shares of Paycom Software, Inc. $PAYC

Aberdeen Group plc lessened its stake in Paycom Software, Inc. (NYSE:PAYC) by 69.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,104 shares of the software maker’s stock after selling 7,161 shares during the period. Aberdeen Group plc’s holdings in Paycom Software were worth $495,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of PAYC. CYBER HORNET ETFs LLC acquired a new stake in Paycom Software during the 2nd quarter worth $29,000. Caitlin John LLC acquired a new stake in Paycom Software during the 3rd quarter worth $29,000. MUFG Securities EMEA plc acquired a new stake in Paycom Software during the 2nd quarter worth $33,000. Steigerwald Gordon & Koch Inc. acquired a new stake in Paycom Software during the 3rd quarter worth $31,000. Finally, True Wealth Design LLC grew its holdings in Paycom Software by 946.7% during the 4th quarter. True Wealth Design LLC now owns 157 shares of the software maker’s stock worth $25,000 after acquiring an additional 142 shares during the period. Institutional investors own 87.77% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Weiss Ratings lowered shares of Paycom Software from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, February 3rd. BTIG Research lowered 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. Mizuho lowered their target price on shares of Paycom Software from $180.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday, February 12th. Cantor Fitzgerald lifted their target price on shares of Paycom Software from $115.00 to $135.00 and gave the stock a “neutral” rating in a report on Friday, March 6th. Finally, Guggenheim reduced their price objective on shares of Paycom Software from $210.00 to $180.00 and set a “buy” 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $170.71.

Paycom Software Price Performance

Shares of NYSE:PAYC opened at $113.61 on Friday. The company’s 50-day moving average price is $124.86 and its two-hundred day moving average price is $156.35. Paycom Software, Inc. has a one year low of $104.90 and a one year high of $267.76. The stock has a market capitalization of $5.42 billion, a PE ratio of 14.04, a price-to-earnings-growth ratio of 1.21 and a beta of 0.79.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Wednesday, February 11th. The software maker reported $2.45 EPS 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 firm had revenue of $544.30 million for the quarter, compared to analysts’ expectations of $542.79 million. During the same period in the previous year, the firm posted $2.32 EPS. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, analysts anticipate that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently disclosed 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 was Monday, March 9th. This represents a $1.50 annualized dividend and a dividend yield of 1.3%. Paycom Software’s payout ratio is currently 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.