Absher Wealth Management LLC Has $2.14 Million Stock Holdings in Paycom Software, Inc. $PAYC

Absher Wealth Management LLC grew its holdings in Paycom Software, Inc. (NYSE:PAYC) by 119.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,453 shares of the software maker’s stock after acquiring an additional 7,324 shares during the period. Absher Wealth Management LLC’s holdings in Paycom Software were worth $2,144,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. UMB Bank n.a. increased its position in Paycom Software by 7.6% during the third quarter. UMB Bank n.a. now owns 789 shares of the software maker’s stock worth $164,000 after buying an additional 56 shares during the last quarter. ORG Wealth Partners LLC boosted its stake in shares of Paycom Software by 4.4% during the 3rd quarter. ORG Wealth Partners LLC now owns 1,390 shares of the software maker’s stock worth $289,000 after acquiring an additional 59 shares in the last quarter. Mackenzie Financial Corp increased its holdings in shares of Paycom Software by 4.0% during the 3rd quarter. Mackenzie Financial Corp now owns 1,624 shares of the software maker’s stock valued at $338,000 after acquiring an additional 63 shares during the last quarter. Davis Investment Partners LLC increased its holdings in shares of Paycom Software by 2.3% during the 4th quarter. Davis Investment Partners LLC now owns 2,988 shares of the software maker’s stock valued at $455,000 after acquiring an additional 68 shares during the last quarter. Finally, Compound Planning Inc. raised its stake in shares of Paycom Software by 2.9% in the 3rd quarter. Compound Planning Inc. now owns 2,899 shares of the software maker’s stock valued at $603,000 after acquiring an additional 83 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Paycom Software Stock Down 3.8%

PAYC opened at $125.53 on Friday. The stock’s 50 day moving average price is $124.71 and its two-hundred day moving average price is $151.04. The firm has a market capitalization of $5.98 billion, a P/E ratio of 15.52, a price-to-earnings-growth ratio of 1.37 and a beta of 0.79. Paycom Software, Inc. has a 12-month low of $104.90 and a 12-month high of $267.76.

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 analysts’ consensus estimates of $2.44 by $0.01. The company had revenue of $544.30 million during the quarter, compared to analyst estimates of $542.79 million. Paycom Software had a return on equity of 24.25% and a net margin of 22.10%.The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.32 earnings per share. As a group, analysts anticipate that Paycom Software, Inc. will post 8.59 earnings per share for the current 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 paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.2%. The ex-dividend date was Monday, March 9th. Paycom Software’s dividend payout ratio is presently 18.54%.

Analyst Upgrades and Downgrades

PAYC has been the subject of several analyst reports. Zacks Research upgraded Paycom Software from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th. Weiss Ratings downgraded Paycom Software from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, February 3rd. Jefferies Financial Group dropped their price target on shares of Paycom Software from $190.00 to $130.00 and set a “hold” rating on the stock in a research report on Thursday, February 12th. Guggenheim reduced their price objective on shares of Paycom Software from $210.00 to $180.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Finally, Cantor Fitzgerald upped their price objective 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. Five analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $168.79.

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.