LRT Capital Management LLC Trims Position in Paycom Software, Inc. $PAYC

LRT Capital Management LLC cut its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 85.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,267 shares of the software maker’s stock after selling 7,364 shares during the period. LRT Capital Management LLC’s holdings in Paycom Software were worth $264,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC bought a new stake in Paycom Software during the 4th quarter worth approximately $638,000. AQR Capital Management LLC boosted its holdings in Paycom Software by 23.7% in the 1st quarter. AQR Capital Management LLC now owns 19,155 shares of the software maker’s stock valued at $4,136,000 after purchasing an additional 3,674 shares during the period. United Services Automobile Association purchased a new position in shares of Paycom Software during the 1st quarter valued at $215,000. Empowered Funds LLC grew its position in shares of Paycom Software by 22.8% during the 1st quarter. Empowered Funds LLC now owns 7,958 shares of the software maker’s stock valued at $1,739,000 after purchasing an additional 1,480 shares in the last quarter. Finally, Focus Partners Wealth increased its holdings in shares of Paycom Software by 220.8% in the first quarter. Focus Partners Wealth now owns 3,940 shares of the software maker’s stock worth $861,000 after purchasing an additional 2,712 shares during the period. 87.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on PAYC. Guggenheim dropped their price objective on Paycom Software from $210.00 to $180.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. UBS Group decreased their target price on Paycom Software from $245.00 to $210.00 and set a “buy” rating on the stock in a research note on Monday, January 26th. 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 report on Thursday, January 8th. Zacks Research upgraded Paycom Software from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 18th. Finally, Mizuho cut their price objective on Paycom Software from $180.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday, February 12th. Five investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $170.71.

Paycom Software Stock Performance

Shares of PAYC stock opened at $123.20 on Tuesday. Paycom Software, Inc. has a fifty-two week low of $104.90 and a fifty-two week high of $267.76. The stock has a 50 day moving average price of $135.68 and a two-hundred day moving average price of $168.78. The company has a market capitalization of $6.69 billion, a P/E ratio of 15.23, a PEG ratio of 1.32 and a beta of 0.80.

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

Paycom Software Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Monday, March 9th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $1.50 annualized dividend and a yield of 1.2%. Paycom Software’s dividend payout ratio is presently 18.54%.

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.