Fundsmith LLP Acquires 109,923 Shares of Paycom Software, Inc. $PAYC

Fundsmith LLP lifted its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 26.6% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 523,433 shares of the software maker’s stock after buying an additional 109,923 shares during the period. Paycom Software comprises about 0.6% of Fundsmith LLP’s portfolio, making the stock its 21st biggest holding. Fundsmith LLP’s holdings in Paycom Software were worth $108,947,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of PAYC. Maia Wealth LLC grew its position in Paycom Software by 152.7% in the third quarter. Maia Wealth LLC now owns 2,312 shares of the software maker’s stock valued at $481,000 after acquiring an additional 1,397 shares during the last quarter. Perbak Capital Partners LLP lifted its holdings in shares of Paycom Software by 204.6% in the third quarter. Perbak Capital Partners LLP now owns 6,394 shares of the software maker’s stock worth $1,331,000 after acquiring an additional 4,295 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of Paycom Software in the 3rd quarter valued at approximately $11,521,000. Entropy Technologies LP acquired a new stake in shares of Paycom Software in the 3rd quarter valued at approximately $1,307,000. Finally, Invesco Ltd. grew its holdings in shares of Paycom Software by 9.3% during the 3rd quarter. Invesco Ltd. now owns 1,216,188 shares of the software maker’s stock valued at $253,137,000 after purchasing an additional 103,801 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. UBS Group lowered their price objective on shares of Paycom Software from $245.00 to $210.00 and set a “buy” rating for the company in a research report on Monday, January 26th. Guggenheim cut their target price on shares of Paycom Software from $210.00 to $180.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Citigroup decreased their target price on shares of Paycom Software from $185.00 to $128.00 and set a “neutral” rating on the stock in a research note on Friday, February 13th. TD Cowen lowered their price target on shares of Paycom Software from $200.00 to $184.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Finally, BTIG Research dropped their price target on Paycom Software from $195.00 to $140.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Five research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $170.71.

Paycom Software Price Performance

Shares of NYSE PAYC opened at $125.70 on Friday. The company has a 50 day simple moving average of $136.28 and a 200 day simple moving average of $170.30. Paycom Software, Inc. has a 1 year low of $104.90 and a 1 year high of $267.76. The firm has a market cap of $6.82 billion, a PE ratio of 15.54, a price-to-earnings-growth ratio of 1.33 and a beta of 0.80.

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

Paycom Software Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Monday, March 9th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Monday, March 9th. Paycom Software’s payout ratio is 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.