Fisher Asset Management LLC Buys 4,173 Shares of Paycom Software, Inc. $PAYC

Fisher Asset Management LLC increased its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 5.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,012 shares of the software maker’s stock after buying an additional 4,173 shares during the quarter. Fisher Asset Management LLC owned 0.13% of Paycom Software worth $16,029,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. CYBER HORNET ETFs LLC purchased a new position in Paycom Software during the 2nd quarter worth $29,000. Caitlin John LLC bought a new position in shares of Paycom Software during the third quarter valued at about $29,000. MUFG Securities EMEA plc purchased a new position in Paycom Software during the second quarter worth about $33,000. Steigerwald Gordon & Koch Inc. bought a new stake in Paycom Software in the 3rd quarter worth about $31,000. Finally, Bogart Wealth LLC increased its stake in Paycom Software by 100.0% in the 3rd quarter. Bogart Wealth LLC now owns 200 shares of the software maker’s stock valued at $42,000 after buying an additional 100 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Robert D. Foster sold 1,300 shares of Paycom Software stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $162.66, for a total value of $211,458.00. Following the completion of the transaction, the chief financial officer directly owned 14,747 shares in the company, valued at approximately $2,398,747.02. The trade was a 8.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 10.90% of the company’s stock.

Paycom Software Price Performance

Shares of NYSE PAYC opened at $134.11 on Thursday. Paycom Software, Inc. has a one year low of $104.90 and a one year high of $267.76. The business’s fifty day moving average price is $139.99 and its 200-day moving average price is $174.58. The stock has a market capitalization of $7.28 billion, a PE ratio of 16.58, a P/E/G ratio of 1.43 and a beta of 0.80.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, February 11th. The software maker reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.01. Paycom Software had a return on equity of 24.25% and a net margin of 22.10%.The company had revenue of $544.30 million during the quarter, compared to analyst estimates of $542.79 million. During the same quarter last year, the firm posted $2.32 EPS. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, equities analysts expect that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Monday, March 9th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Monday, March 9th. Paycom Software’s dividend payout ratio is presently 18.54%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on PAYC shares. BMO Capital Markets cut their target price on Paycom Software from $175.00 to $137.00 and set a “market perform” rating on the stock in a research note on Thursday, February 12th. Barclays cut their price objective on Paycom Software from $185.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 12th. JPMorgan Chase & Co. reduced their price objective on Paycom Software from $235.00 to $220.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Jefferies Financial Group lowered their target price on Paycom Software from $190.00 to $130.00 and set a “hold” rating on the stock in a research note on Thursday, February 12th. Finally, TD Cowen reduced their price target on shares of Paycom Software from $200.00 to $184.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $168.57.

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.