KBC Group NV Sells 42,161 Shares of Paycom Software, Inc. $PAYC

KBC Group NV decreased its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 64.3% during the first quarter, Holdings Channel reports. The fund owned 23,408 shares of the software maker’s stock after selling 42,161 shares during the period. KBC Group NV’s holdings in Paycom Software were worth $2,845,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Aurora Investment Counsel boosted its position in shares of Paycom Software by 59.6% during the first quarter. Aurora Investment Counsel now owns 10,230 shares of the software maker’s stock valued at $1,243,000 after purchasing an additional 3,819 shares in the last quarter. Modera Wealth Management LLC grew its stake in Paycom Software by 13.8% in the first quarter. Modera Wealth Management LLC now owns 9,740 shares of the software maker’s stock worth $1,184,000 after purchasing an additional 1,183 shares during the period. Aware Super Pty Ltd as trustee of Aware Super bought a new position in Paycom Software in the first quarter worth $12,205,000. Geneos Wealth Management Inc. raised its holdings in Paycom Software by 81.2% in the first quarter. Geneos Wealth Management Inc. now owns 895 shares of the software maker’s stock worth $109,000 after purchasing an additional 401 shares in the last quarter. Finally, Maryland State Retirement & Pension System raised its holdings in Paycom Software by 299.4% in the first quarter. Maryland State Retirement & Pension System now owns 9,505 shares of the software maker’s stock worth $1,155,000 after purchasing an additional 7,125 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Paycom Software Trading Up 5.1%

NYSE PAYC opened at $145.71 on Friday. Paycom Software, Inc. has a 12 month low of $104.90 and a 12 month high of $248.95. The stock has a market cap of $6.94 billion, a P/E ratio of 16.84, a P/E/G ratio of 1.18 and a beta of 0.80. The stock’s fifty day moving average price is $136.71 and its 200-day moving average price is $133.26. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.83.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Wednesday, May 6th. The software maker reported $3.15 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.16. The firm had revenue of $571.80 million during the quarter, compared to the consensus estimate of $564.37 million. Paycom Software had a return on equity of 28.34% and a net margin of 22.44%.The company’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the company earned $2.80 earnings per share. As a group, equities analysts forecast that Paycom Software, Inc. will post 9.37 EPS for the current fiscal year.

Paycom Software Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Tuesday, May 26th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, May 26th. Paycom Software’s dividend payout ratio is 17.34%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PAYC shares. TD Cowen dropped their target price on shares of Paycom Software from $154.00 to $149.00 and set a “buy” rating on the stock in a report on Friday, June 26th. Zacks Research raised shares of Paycom Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. Citigroup upped their price objective on shares of Paycom Software from $120.00 to $136.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. BMO Capital Markets raised their target price on shares of Paycom Software from $137.00 to $145.00 and gave the company a “market perform” rating in a research note on Thursday, May 7th. Finally, BTIG Research lifted their target price on shares of Paycom Software from $140.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $159.75.

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.