Mediolanum International Funds Ltd Trims Stock Position in Paycom Software, Inc. $PAYC

Mediolanum International Funds Ltd cut its holdings in Paycom Software, Inc. (NYSE:PAYC) by 48.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,395 shares of the software maker’s stock after selling 6,928 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Paycom Software were worth $1,613,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Jennison Associates LLC acquired a new position in shares of Paycom Software in the second quarter worth $49,853,000. Vanguard Group Inc. raised its stake in Paycom Software by 3.0% in the 2nd quarter. Vanguard Group Inc. now owns 5,623,570 shares of the software maker’s stock valued at $1,301,294,000 after purchasing an additional 165,647 shares during the last quarter. State Street Corp lifted its holdings in Paycom Software by 8.4% in the 2nd quarter. State Street Corp now owns 2,097,910 shares of the software maker’s stock valued at $485,456,000 after purchasing an additional 162,477 shares in the last quarter. Baillie Gifford & Co. boosted its stake in shares of Paycom Software by 10.3% during the 3rd quarter. Baillie Gifford & Co. now owns 1,708,662 shares of the software maker’s stock worth $355,641,000 after purchasing an additional 158,967 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Paycom Software by 5,691.0% during the 2nd quarter. SG Americas Securities LLC now owns 155,489 shares of the software maker’s stock worth $35,980,000 after purchasing an additional 152,804 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Paycom Software Price Performance

Shares of NYSE:PAYC opened at $124.28 on Wednesday. The business has a 50-day moving average of $156.07 and a two-hundred day moving average of $189.52. The firm has a market capitalization of $6.99 billion, a PE ratio of 15.46, a P/E/G ratio of 1.40 and a beta of 0.79. Paycom Software, Inc. has a 12 month low of $124.08 and a 12 month high of $267.76.

Paycom Software (NYSE:PAYC) last posted 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). The business had revenue of $493.30 million for the quarter, compared to analyst estimates of $492.62 million. Paycom Software had a return on equity of 24.79% and a net margin of 22.65%.The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period last year, the company posted $1.67 EPS. As a group, research analysts anticipate that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Insider Transactions at Paycom Software

In other Paycom Software 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 transaction of $211,458.00. Following the transaction, the chief financial officer owned 14,747 shares in the company, valued at $2,398,747.02. The trade was a 8.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 10.90% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Mizuho cut their price objective on shares of Paycom Software from $220.00 to $180.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Zacks Research lowered Paycom Software from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. Citigroup decreased their price objective on Paycom Software from $191.00 to $185.00 and set a “neutral” rating on the stock in a report on Tuesday, December 23rd. Barclays lowered their price objective on Paycom Software from $210.00 to $185.00 and set an “equal weight” rating for the company in a research report on Monday, January 12th. Finally, Jefferies Financial Group reduced their target price on Paycom Software from $225.00 to $190.00 and set a “hold” rating on the stock in a research report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Paycom Software currently has an average rating of “Hold” and a consensus target price of $202.86.

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.