Paycom Software, Inc. $PAYC Holdings Lowered by Brown Capital Management LLC

Brown Capital Management LLC cut its stake in Paycom Software, Inc. (NYSE:PAYC) by 31.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 326,013 shares of the software maker’s stock after selling 148,642 shares during the period. Paycom Software makes up approximately 2.8% of Brown Capital Management LLC’s investment portfolio, making the stock its 13th biggest position. Brown Capital Management LLC owned approximately 0.56% of Paycom Software worth $67,856,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PAYC. UMB Bank n.a. increased its position in shares of Paycom Software by 7.6% during the 3rd quarter. UMB Bank n.a. now owns 789 shares of the software maker’s stock valued at $164,000 after purchasing an additional 56 shares during the period. Applied Finance Capital Management LLC lifted its holdings in shares of Paycom Software by 4.3% in the second quarter. Applied Finance Capital Management LLC now owns 1,425 shares of the software maker’s stock valued at $330,000 after buying an additional 59 shares during the period. ORG Wealth Partners LLC boosted its stake in Paycom Software by 4.4% during the third quarter. ORG Wealth Partners LLC now owns 1,390 shares of the software maker’s stock valued at $289,000 after buying an additional 59 shares in the last quarter. Wallace Advisory Group LLC grew its holdings in Paycom Software by 2.7% during the second quarter. Wallace Advisory Group LLC now owns 2,262 shares of the software maker’s stock worth $494,000 after acquiring an additional 60 shares during the period. Finally, Angeles Wealth Management LLC raised its position in Paycom Software by 5.0% in the second quarter. Angeles Wealth Management LLC now owns 1,382 shares of the software maker’s stock worth $320,000 after acquiring an additional 66 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Citigroup reduced their price objective on shares of Paycom Software from $191.00 to $185.00 and set a “neutral” rating for the company in a research report on Tuesday, December 23rd. TD Cowen cut their target price on shares of Paycom Software from $200.00 to $184.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. BMO Capital Markets restated a “market perform” rating and issued a $175.00 price target on shares of Paycom Software in a research report on Friday, January 16th. Cantor Fitzgerald dropped their price target on Paycom Software from $170.00 to $135.00 and set a “neutral” rating on the stock in a report on Thursday, January 29th. Finally, Jefferies Financial Group reduced their price objective on Paycom Software from $225.00 to $190.00 and set a “hold” rating for the company in a research note on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $202.86.

Insider Buying and Selling at Paycom Software

In other news, CFO Robert D. Foster sold 1,300 shares of the 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 sale, the chief financial officer directly owned 14,747 shares of the company’s stock, valued at $2,398,747.02. This represents a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 10.90% of the stock is owned by corporate insiders.

Paycom Software Stock Performance

Paycom Software stock opened at $133.43 on Tuesday. Paycom Software, Inc. has a 52 week low of $132.13 and a 52 week high of $267.76. The firm has a market capitalization of $7.51 billion, a price-to-earnings ratio of 16.60, a P/E/G ratio of 1.42 and a beta of 0.79. The company has a 50 day moving average price of $156.87 and a 200 day moving average price of $190.26.

Paycom Software (NYSE:PAYC) last released its earnings results on Wednesday, November 5th. The software maker reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.02). Paycom Software had a net margin of 22.65% and a return on equity of 24.79%. The business had revenue of $493.30 million during the quarter, compared to analysts’ expectations of $492.62 million. During the same quarter in the previous year, the company earned $1.67 EPS. Paycom Software’s revenue for the quarter was up 9.2% on a year-over-year basis. Equities analysts forecast that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

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.