Paycom Software, Inc. (PAYC) To Go Ex-Dividend on August 24th

Paycom Software, Inc. (NYSE:PAYC) declared a quarterly dividend on Monday, August 3rd. Stockholders of record on Monday, August 24th will be given a dividend of 0.375 per share by the software maker on Tuesday, September 8th. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, August 24th.

Paycom Software has a dividend payout ratio of 15.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Paycom Software to earn $10.42 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 14.4%.

Paycom Software Stock Up 3.8%

Shares of Paycom Software stock opened at $175.09 on Wednesday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.83. Paycom Software has a 12 month low of $104.90 and a 12 month high of $248.95. The business has a fifty day simple moving average of $140.55 and a 200 day simple moving average of $133.50. The stock has a market cap of $8.34 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 1.43 and a beta of 0.76.

Paycom Software (NYSE:PAYC) last released its 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 for the quarter, compared to analyst estimates of $564.37 million. Paycom Software had a return on equity of 28.34% and a net margin of 22.44%.The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.80 earnings per share. Research analysts predict that Paycom Software will post 9.37 EPS for the current year.

Hedge Funds Weigh In On Paycom Software

A number of large investors have recently added to or reduced their stakes in PAYC. State Street Corp lifted its holdings in shares of Paycom Software by 0.4% in the fourth quarter. State Street Corp now owns 2,165,546 shares of the software maker’s stock valued at $345,101,000 after purchasing an additional 8,419 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Paycom Software by 19.9% in the fourth quarter. First Trust Advisors LP now owns 1,665,529 shares of the software maker’s stock worth $265,419,000 after purchasing an additional 275,954 shares in the last quarter. Invesco Ltd. boosted its holdings in Paycom Software by 28.2% during the fourth quarter. Invesco Ltd. now owns 1,559,682 shares of the software maker’s stock worth $248,551,000 after purchasing an additional 343,494 shares during the last quarter. Reinhart Partners LLC. grew its position in Paycom Software by 20.1% in the second quarter. Reinhart Partners LLC. now owns 1,219,906 shares of the software maker’s stock valued at $153,320,000 after purchasing an additional 204,191 shares in the last quarter. Finally, Federated Hermes Inc. increased its stake in Paycom Software by 12.7% in the 4th quarter. Federated Hermes Inc. now owns 624,371 shares of the software maker’s stock valued at $99,500,000 after buying an additional 70,208 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

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.