Boston Trust Walden Corp Sells 7,503 Shares of Paycom Software, Inc. $PAYC

Boston Trust Walden Corp trimmed its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 312,417 shares of the software maker’s stock after selling 7,503 shares during the quarter. Boston Trust Walden Corp owned 0.56% of Paycom Software worth $49,787,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH grew its holdings in Paycom Software by 10,106.6% during the 3rd quarter. Allianz Asset Management GmbH now owns 486,957 shares of the software maker’s stock worth $101,355,000 after acquiring an additional 482,186 shares during the last quarter. Dillon & Associates Inc. grew its holdings in 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 acquiring an additional 6,696 shares during the last quarter. Baader Bank Aktiengesellschaft grew its holdings in 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 acquiring an additional 16,357 shares during the last quarter. Rakuten Investment Management Inc. acquired a new position in shares of Paycom Software in the 3rd quarter worth approximately $15,432,000. Finally, Sienna Gestion acquired a new position in shares of Paycom Software in the 3rd quarter worth approximately $4,515,000. 87.77% of the stock is owned by institutional investors.

Paycom Software Stock Down 1.9%

Paycom Software stock opened at $130.39 on Wednesday. Paycom Software, Inc. has a 12-month low of $104.90 and a 12-month high of $267.76. The firm’s fifty day moving average is $124.36 and its 200 day moving average is $151.37. The company has a market capitalization of $6.22 billion, a PE ratio of 16.12, a PEG ratio of 1.40 and a beta of 0.79.

Paycom Software (NYSE:PAYC) last released its earnings results 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 company had revenue of $544.30 million for the quarter, compared to the consensus estimate of $542.79 million. During the same quarter in the previous year, the company earned $2.32 EPS. Paycom Software’s quarterly revenue was up 10.2% compared to the same quarter last year. Sell-side analysts expect that Paycom Software, Inc. will post 8.59 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Investors of record on Monday, March 9th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Monday, March 9th. Paycom Software’s payout ratio is presently 18.54%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Guggenheim dropped their price target 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. BMO Capital Markets dropped their price target on shares of 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. BTIG Research dropped their price target on shares of Paycom Software from $195.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. UBS Group dropped their price target on shares of Paycom Software from $210.00 to $183.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Barclays boosted their price target on shares of Paycom Software from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Friday, March 6th. Five analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $168.79.

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.