Riverbridge Partners LLC Has $56.93 Million Holdings in Paycom Software, Inc. $PAYC

Riverbridge Partners LLC trimmed its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 19.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 357,210 shares of the software maker’s stock after selling 87,554 shares during the period. Riverbridge Partners LLC’s holdings in Paycom Software were worth $56,925,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kathmere Capital Management LLC lifted its stake in Paycom Software by 33.2% in the fourth quarter. Kathmere Capital Management LLC now owns 1,646 shares of the software maker’s stock valued at $262,000 after acquiring an additional 410 shares during the last quarter. Sendero Wealth Management LLC increased its stake in shares of Paycom Software by 139.4% during the 4th quarter. Sendero Wealth Management LLC now owns 36,295 shares of the software maker’s stock worth $5,784,000 after purchasing an additional 21,137 shares during the last quarter. Czech National Bank increased its stake in shares of Paycom Software by 1.3% during the 4th quarter. Czech National Bank now owns 12,886 shares of the software maker’s stock worth $2,054,000 after purchasing an additional 170 shares during the last quarter. Salvus Wealth Management LLC raised its holdings in shares of Paycom Software by 7.7% in the 4th quarter. Salvus Wealth Management LLC now owns 1,422 shares of the software maker’s stock valued at $227,000 after purchasing an additional 102 shares during the period. Finally, Schaper Benz & Wise Investment Counsel Inc. WI raised its holdings in shares of Paycom Software by 67.4% in the 4th quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 41,381 shares of the software maker’s stock valued at $6,595,000 after purchasing an additional 16,656 shares during the period. 87.77% of the stock is owned by institutional investors.

Paycom Software Stock Up 2.5%

Paycom Software stock opened at $122.84 on Friday. The company’s 50-day moving average price is $130.39 and its two-hundred day moving average price is $163.96. The stock has a market cap of $6.67 billion, a P/E ratio of 15.18, a P/E/G ratio of 1.26 and a beta of 0.80. Paycom Software, Inc. has a twelve month low of $104.90 and a twelve month high of $267.76.

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

Paycom Software Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Monday, March 9th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Monday, March 9th. Paycom Software’s dividend payout ratio is currently 18.54%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Guggenheim reduced their price target on Paycom Software from $210.00 to $180.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Mizuho cut their price objective on Paycom Software from $180.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, February 12th. BMO Capital Markets reduced their target price on Paycom Software from $175.00 to $137.00 and set a “market perform” rating for the company in a research note on Thursday, February 12th. Jefferies Financial Group decreased their target price on Paycom Software from $190.00 to $130.00 and set a “hold” rating on the stock in a report on Thursday, February 12th. Finally, Zacks Research raised Paycom Software from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th. Five research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $170.71.

Paycom Software 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.