Vest Financial LLC Lowers Stake in Paycom Software, Inc. $PAYC

Vest Financial LLC lessened its stake in Paycom Software, Inc. (NYSE:PAYC) by 29.0% in the 3rd quarter, Holdings Channel reports. The firm owned 122,904 shares of the software maker’s stock after selling 50,249 shares during the period. Vest Financial LLC’s holdings in Paycom Software were worth $25,581,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Inscription Capital LLC purchased a new stake in shares of Paycom Software in the 3rd quarter valued at $252,000. Americana Partners LLC lifted its position in shares of Paycom Software by 29.2% during the third quarter. Americana Partners LLC now owns 6,275 shares of the software maker’s stock worth $1,306,000 after purchasing an additional 1,420 shares in the last quarter. Arkadios Wealth Advisors grew its holdings in shares of Paycom Software by 3.4% in the third quarter. Arkadios Wealth Advisors now owns 7,317 shares of the software maker’s stock valued at $1,523,000 after purchasing an additional 239 shares in the last quarter. Verdence Capital Advisors LLC lifted its holdings in Paycom Software by 3.2% during the 3rd quarter. Verdence Capital Advisors LLC now owns 2,993 shares of the software maker’s stock worth $599,000 after buying an additional 94 shares in the last quarter. Finally, Allstate Corp purchased a new position in Paycom Software in the 3rd quarter valued at approximately $431,000. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Paycom Software Stock Up 1.1%

Shares of PAYC opened at $149.13 on Thursday. The company has a market capitalization of $8.39 billion, a price-to-earnings ratio of 18.55, a price-to-earnings-growth ratio of 1.51 and a beta of 0.82. Paycom Software, Inc. has a 52-week low of $145.61 and a 52-week high of $267.76. The stock has a 50 day moving average price of $160.09 and a 200 day moving average price of $195.25.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Wednesday, November 5th. The software maker reported $1.94 earnings per share for the quarter, missing the consensus estimate of $1.96 by ($0.02). The company had revenue of $493.30 million for the quarter, compared to analysts’ expectations of $492.62 million. Paycom Software had a return on equity of 24.79% and a net margin of 22.65%.The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.67 EPS. On average, equities analysts anticipate that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Monday, November 24th were issued a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, November 24th. This represents a $1.50 annualized dividend and a dividend yield of 1.0%. Paycom Software’s dividend payout ratio (DPR) is presently 18.66%.

Insider Activity at Paycom Software

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on PAYC shares. Guggenheim started coverage on Paycom Software in a research report on Friday, September 26th. They set a “buy” rating and a $270.00 price objective on the stock. Jefferies Financial Group cut their price target on Paycom Software from $225.00 to $190.00 and set a “hold” rating on the stock in a report on Thursday, November 6th. Mizuho decreased their price objective on Paycom Software from $220.00 to $180.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. BTIG Research started coverage on shares of Paycom Software in a research note on Wednesday, December 17th. They set a “buy” rating and a $195.00 target price on the stock. Finally, KeyCorp decreased their price target on shares of Paycom Software from $290.00 to $250.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $212.14.

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.