Callahan Advisors LLC Lowers Position in Paycom Software, Inc. $PAYC

Callahan Advisors LLC trimmed its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 64.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,500 shares of the software maker’s stock after selling 12,040 shares during the quarter. Callahan Advisors LLC’s holdings in Paycom Software were worth $1,036,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PAYC. Brighton Jones LLC purchased a new position in Paycom Software during the 4th quarter valued at about $638,000. AQR Capital Management LLC boosted its holdings in Paycom Software by 23.7% during the 1st quarter. AQR Capital Management LLC now owns 19,155 shares of the software maker’s stock valued at $4,136,000 after acquiring an additional 3,674 shares during the period. United Services Automobile Association purchased a new position in Paycom Software during the 1st quarter valued at about $215,000. Empowered Funds LLC boosted its holdings in 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 acquiring an additional 1,480 shares during the period. Finally, Focus Partners Wealth boosted its holdings in Paycom Software by 220.8% during the 1st quarter. Focus Partners Wealth now owns 3,940 shares of the software maker’s stock valued at $861,000 after acquiring an additional 2,712 shares during the period. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Paycom Software Stock Performance

Shares of PAYC opened at $137.89 on Thursday. The stock has a 50-day simple moving average of $126.79 and a 200-day simple moving average of $142.34. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market capitalization of $6.57 billion, a PE ratio of 15.94, a PEG ratio of 1.23 and a beta of 0.77. Paycom Software, Inc. has a 1 year low of $104.90 and a 1 year high of $267.76.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, May 6th. The software maker reported $3.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.16. The business had revenue of $571.80 million during the quarter, compared to analysts’ expectations of $564.37 million. Paycom Software had a return on equity of 28.34% and a net margin of 22.44%.The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.80 EPS. On average, analysts predict that Paycom Software, Inc. will post 9.09 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, May 26th. Paycom Software’s dividend payout ratio (DPR) is 17.34%.

Wall Street Analysts Forecast Growth

PAYC has been the subject of a number of research analyst reports. Jefferies Financial Group lowered their target price on Paycom Software from $190.00 to $130.00 and set a “hold” rating for the company in a report on Thursday, February 12th. Mizuho raised their target price on Paycom Software from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Guggenheim lowered their target price on Paycom Software from $210.00 to $180.00 and set a “buy” rating for the company in a report on Thursday, February 12th. BTIG Research lifted their price objective on Paycom Software from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, TD Cowen lifted their price objective on Paycom Software from $148.00 to $154.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $159.67.

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.