Paycom Software, Inc. $PAYC Shares Sold by Aureus Asset Management LLC

Aureus Asset Management LLC cut its holdings in Paycom Software, Inc. (NYSE:PAYC) by 22.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 116,801 shares of the software maker’s stock after selling 33,772 shares during the period. Paycom Software makes up about 1.2% of Aureus Asset Management LLC’s portfolio, making the stock its 29th largest holding. Aureus Asset Management LLC’s holdings in Paycom Software were worth $18,613,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of PAYC. Brighton Jones LLC acquired a new position in shares of Paycom Software in the 4th quarter valued at about $638,000. AQR Capital Management LLC boosted its holdings in shares of 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 buying an additional 3,674 shares during the period. United Services Automobile Association acquired a new position in shares of Paycom Software in the 1st quarter valued at about $215,000. Empowered Funds LLC boosted its holdings in shares of Paycom Software by 22.8% in the 1st quarter. Empowered Funds LLC now owns 7,958 shares of the software maker’s stock valued at $1,739,000 after buying an additional 1,480 shares during the period. Finally, Focus Partners Wealth boosted its holdings in shares of Paycom Software by 220.8% in the 1st quarter. Focus Partners Wealth now owns 3,940 shares of the software maker’s stock valued at $861,000 after buying an additional 2,712 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

Paycom Software Trading Down 3.9%

Paycom Software stock opened at $124.07 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.83. The firm has a 50-day moving average price of $131.71 and a two-hundred day moving average price of $137.90. The firm has a market capitalization of $5.91 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 1.12 and a beta of 0.79. Paycom Software, Inc. has a 52-week low of $104.90 and a 52-week high of $248.95.

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Wednesday, May 6th. The software maker reported $3.15 EPS for the quarter, topping analysts’ consensus estimates of $2.99 by $0.16. Paycom Software had a net margin of 22.44% and a return on equity of 28.34%. The company had revenue of $571.80 million for the quarter, compared to the consensus estimate of $564.37 million. During the same period in the previous year, the firm earned $2.80 EPS. Paycom Software’s revenue was up 7.8% on a year-over-year basis. Sell-side analysts expect that Paycom Software, Inc. will post 9.16 earnings per share for the current year.

Paycom Software Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th were given 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 was Tuesday, May 26th. Paycom Software’s payout ratio is 17.34%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PAYC. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Paycom Software in a report on Friday, May 1st. BMO Capital Markets lifted their price target on shares of Paycom Software from $137.00 to $145.00 and gave the company a “market perform” rating in a report on Thursday, May 7th. Citigroup lifted their price target on shares of Paycom Software from $120.00 to $136.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Barclays reduced their target price on shares of Paycom Software from $150.00 to $148.00 and set an “equal weight” rating for the company in a research note on Thursday, May 7th. Finally, BTIG Research boosted their target price on shares of Paycom Software from $140.00 to $160.00 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 given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $159.67.

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.