Willis Investment Counsel Purchases 12,156 Shares of Paycom Software, Inc. $PAYC

Willis Investment Counsel boosted its position in Paycom Software, Inc. (NYSE:PAYC) by 122.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 22,100 shares of the software maker’s stock after purchasing an additional 12,156 shares during the period. Willis Investment Counsel’s holdings in Paycom Software were worth $3,522,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Intrinsic Value Partners LLC grew its position in Paycom Software by 35.4% in the 4th quarter. Intrinsic Value Partners LLC now owns 14,450 shares of the software maker’s stock worth $2,303,000 after purchasing an additional 3,775 shares in the last quarter. Aaron Wealth Advisors LLC bought a new stake in Paycom Software in the 4th quarter worth about $776,000. Philip James Wealth Mangement LLC grew its position in Paycom Software by 25.6% in the 4th quarter. Philip James Wealth Mangement LLC now owns 31,940 shares of the software maker’s stock worth $5,090,000 after purchasing an additional 6,513 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in Paycom Software in the 4th quarter worth about $1,911,000. Finally, Blue Trust Inc. boosted its stake in Paycom Software by 207.3% in the fourth quarter. Blue Trust Inc. now owns 630 shares of the software maker’s stock valued at $100,000 after acquiring an additional 425 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. UBS Group dropped their target price on shares of Paycom Software from $245.00 to $210.00 and set a “buy” rating on the stock in a research note on Monday, January 26th. Weiss Ratings cut shares of Paycom Software from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, February 3rd. KeyCorp dropped their target price on shares of Paycom Software from $250.00 to $195.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. TD Cowen dropped their target price on shares of Paycom Software from $200.00 to $184.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Finally, Guggenheim dropped 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 note on Thursday, February 12th. Five 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’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $170.71.

Paycom Software Stock Performance

PAYC stock opened at $118.17 on Thursday. The company has a market capitalization of $6.41 billion, a price-to-earnings ratio of 14.61, a PEG ratio of 1.30 and a beta of 0.79. 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 fifty day moving average of $125.67 and a 200-day moving average of $157.38.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings results on Wednesday, February 11th. The software maker reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.01. The company had revenue of $544.30 million for the quarter, compared to analysts’ expectations of $542.79 million. Paycom Software had a net margin of 22.10% and a return on equity of 24.25%. Paycom Software’s revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.32 EPS. Equities analysts predict that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Investors of record on Monday, March 9th were issued a $0.375 dividend. The ex-dividend date of this dividend was Monday, March 9th. This represents a $1.50 annualized dividend and a yield of 1.3%. Paycom Software’s dividend payout ratio (DPR) is 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.