Syon Capital LLC Has $894,000 Position in Paycom Software, Inc. $PAYC

Syon Capital LLC lifted its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 137.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,117 shares of the software maker’s stock after acquiring an additional 4,120 shares during the period. Syon Capital LLC’s holdings in Paycom Software were worth $894,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. AXQ Capital LP increased its stake in Paycom Software by 4.1% in the second quarter. AXQ Capital LP now owns 11,588 shares of the software maker’s stock valued at $1,456,000 after acquiring an additional 459 shares during the last quarter. Nykredit A S bought a new stake in Paycom Software during the second quarter worth $274,000. Proficio Capital Partners LLC bought a new stake in Paycom Software during the second quarter worth $225,000. Two Sigma Securities LLC boosted its holdings in shares of Paycom Software by 6.7% in the 2nd quarter. Two Sigma Securities LLC now owns 4,506 shares of the software maker’s stock valued at $566,000 after purchasing an additional 281 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Paycom Software by 5.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 13,906 shares of the software maker’s stock valued at $1,748,000 after purchasing an additional 706 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Paycom Software Stock Up 0.1%

Shares of NYSE:PAYC opened at $231.81 on Monday. The company has a fifty day moving average of $182.32 and a 200-day moving average of $147.60. The company has a market capitalization of $10.45 billion, a PE ratio of 24.63, a price-to-earnings-growth ratio of 1.29 and a beta of 0.78. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.07 and a current ratio of 1.07. Paycom Software, Inc. has a 52-week low of $104.90 and a 52-week high of $244.98.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings results on Wednesday, August 5th. The software maker reported $2.78 EPS for the quarter, beating analysts’ consensus estimates of $2.38 by $0.40. Paycom Software had a return on equity of 37.06% and a net margin of 22.78%.The company had revenue of $531.20 million during the quarter, compared to analysts’ expectations of $513.12 million. During the same period in the prior year, the company earned $2.06 EPS. Paycom Software’s revenue was up 9.8% compared to the same quarter last year. On average, equities analysts predict that Paycom Software, Inc. will post 10.65 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th will be given a $0.375 dividend. The ex-dividend date is Monday, August 24th. This represents a $1.50 annualized dividend and a yield of 0.6%. Paycom Software’s dividend payout ratio (DPR) is currently 15.94%.

Insider Activity at Paycom Software

In other news, insider Shane Hadlock sold 241 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $240.07, for a total value of $57,856.87. Following the completion of the transaction, the insider owned 69,911 shares of the company’s stock, valued at $16,783,533.77. This represents a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 13.20% of the company’s stock.

Wall Street Analyst Weigh In

PAYC has been the subject of a number of research analyst reports. UBS Group boosted their price target on Paycom Software from $205.00 to $285.00 and gave the stock a “buy” rating in a report on Tuesday, September 1st. Weiss Ratings raised Paycom Software from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Stifel Nicolaus raised their price objective on Paycom Software from $120.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, August 6th. Wall Street Zen cut Paycom Software from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Citigroup boosted their target price on Paycom Software from $136.00 to $194.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $214.23.

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.