Aurora Investment Counsel Has $1.24 Million Stake in Paycom Software, Inc. $PAYC

Aurora Investment Counsel boosted its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 59.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,230 shares of the software maker’s stock after acquiring an additional 3,819 shares during the quarter. Aurora Investment Counsel’s holdings in Paycom Software were worth $1,243,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. True Wealth Design LLC grew its holdings in shares of Paycom Software by 946.7% during 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 during the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of Paycom Software by 190.6% in the fourth quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker’s stock valued at $25,000 after buying an additional 101 shares during the last quarter. Clearstead Advisors LLC lifted its position in Paycom Software by 140.3% during the 4th quarter. Clearstead Advisors LLC now owns 161 shares of the software maker’s stock worth $26,000 after buying an additional 94 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new position in Paycom Software during the 2nd quarter worth about $29,000. Finally, MUFG Securities EMEA plc bought a new stake in Paycom Software during the 2nd quarter worth about $33,000. 87.77% of the stock is owned by institutional investors.

Paycom Software Stock Down 1.4%

Paycom Software stock opened at $148.44 on Friday. The firm has a market capitalization of $7.07 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 1.26 and a beta of 0.80. The company’s 50 day simple moving average is $135.96 and its 200 day simple moving average is $133.78. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.08 and a quick ratio of 1.08. Paycom Software, Inc. has a fifty-two week low of $104.90 and a fifty-two week high of $248.95.

Paycom Software (NYSE:PAYC) last posted its earnings results on Wednesday, May 6th. The software maker reported $3.15 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.16. Paycom Software had a net margin of 22.44% and a return on equity of 28.34%. The company had revenue of $571.80 million for the quarter, compared to analyst estimates of $564.37 million. During the same period last year, the business posted $2.80 earnings per share. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Paycom Software, Inc. will post 9.32 EPS for the current year.

Paycom Software Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Tuesday, May 26th were given a $0.375 dividend. The ex-dividend date was Tuesday, May 26th. This represents a $1.50 annualized dividend and a dividend yield of 1.0%. Paycom Software’s payout ratio is currently 17.34%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PAYC. Barclays lowered their price objective on Paycom Software from $150.00 to $148.00 and set an “equal weight” rating for the company in a research report on Thursday, May 7th. UBS Group reduced their target price on shares of Paycom Software from $210.00 to $183.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. TD Cowen lowered their price target on shares of Paycom Software from $154.00 to $149.00 and set a “buy” rating for the company in a research report on Friday, June 26th. Citigroup boosted their price target on shares of Paycom Software from $120.00 to $136.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Finally, BMO Capital Markets increased their price objective on shares of Paycom Software from $137.00 to $145.00 and gave the company a “market perform” rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $159.25.

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.