Aaron Wealth Advisors LLC Makes New $776,000 Investment in Paycom Software, Inc. $PAYC

Aaron Wealth Advisors LLC purchased a new position in shares of Paycom Software, Inc. (NYSE:PAYC) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,867 shares of the software maker’s stock, valued at approximately $776,000.

Other hedge funds also recently bought and sold shares of the company. CYBER HORNET ETFs LLC purchased a new position in Paycom Software during the second quarter worth approximately $29,000. Caitlin John LLC purchased a new position in Paycom Software during the third quarter worth approximately $29,000. MUFG Securities EMEA plc purchased a new position in Paycom Software during the second quarter worth approximately $33,000. Steigerwald Gordon & Koch Inc. purchased a new position in Paycom Software during the third quarter worth approximately $31,000. Finally, True Wealth Design LLC boosted its position in 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 in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on PAYC shares. TD Cowen lowered their price target on Paycom Software from $200.00 to $184.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. KeyCorp reduced their target price on Paycom Software from $250.00 to $195.00 and set an “overweight” rating for the company in a report on Thursday, February 12th. Zacks Research raised Paycom Software from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th. Citigroup reduced their target price on Paycom Software from $185.00 to $128.00 and set a “neutral” rating for the company in a report on Friday, February 13th. Finally, Jefferies Financial Group reduced their target price on Paycom Software from $190.00 to $130.00 and set a “hold” rating for the company in a report on Thursday, February 12th. Five equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $170.71.

Paycom Software Stock Performance

NYSE:PAYC opened at $118.17 on Thursday. Paycom Software, Inc. has a one year low of $104.90 and a one year high of $267.76. The stock has a market cap of $6.41 billion, a PE ratio of 14.61, a P/E/G ratio of 1.30 and a beta of 0.79. The stock has a 50 day moving average price of $125.67 and a 200 day moving average price of $157.38.

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

Paycom Software Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Monday, March 9th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, March 9th. Paycom Software’s dividend payout ratio (DPR) 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.