WINTON GROUP Ltd Buys New Shares in Paycom Software, Inc. $PAYC

WINTON GROUP Ltd bought a new position in shares of Paycom Software, Inc. (NYSE:PAYC) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,960 shares of the software maker’s stock, valued at approximately $1,032,000.

Several other institutional investors also recently modified their holdings of PAYC. Vanguard Group Inc. lifted its position in shares of Paycom Software by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 5,802,788 shares of the software maker’s stock valued at $1,207,792,000 after acquiring an additional 179,218 shares during the last quarter. State Street Corp grew its holdings in shares of Paycom Software by 8.4% in the 2nd quarter. State Street Corp now owns 2,097,910 shares of the software maker’s stock worth $485,456,000 after acquiring an additional 162,477 shares during the last quarter. Baillie Gifford & Co. raised its position in shares of Paycom Software by 10.3% during the third quarter. Baillie Gifford & Co. now owns 1,708,662 shares of the software maker’s stock worth $355,641,000 after purchasing an additional 158,967 shares during the period. Geode Capital Management LLC raised its position in shares of Paycom Software by 5.3% during the second quarter. Geode Capital Management LLC now owns 1,661,685 shares of the software maker’s stock worth $383,265,000 after purchasing an additional 83,154 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Paycom Software by 17.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 633,692 shares of the software maker’s stock valued at $146,636,000 after purchasing an additional 96,138 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Paycom Software Stock Performance

NYSE:PAYC traded up $0.05 during trading hours on Friday, hitting $126.67. 103,226 shares of the company’s stock traded hands, compared to its average volume of 1,731,291. The stock’s fifty day moving average price is $136.81 and its two-hundred day moving average price is $171.03. The firm has a market cap of $6.88 billion, a P/E ratio of 15.63, a P/E/G ratio of 1.37 and a beta of 0.80. Paycom Software, Inc. has a twelve month low of $104.90 and a twelve month high of $267.76.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, February 11th. The software maker reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.01. Paycom Software had a return on equity of 24.25% and a net margin of 22.10%.The firm had revenue of $544.30 million during the quarter, compared to analyst estimates of $542.79 million. During the same period last year, the company posted $2.32 EPS. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, equities research analysts predict that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Monday, March 9th will be given a $0.375 dividend. The ex-dividend date is Monday, March 9th. This represents a $1.50 dividend on an annualized basis and a yield of 1.2%. Paycom Software’s dividend payout ratio is presently 18.54%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Guggenheim dropped their price target on Paycom Software from $210.00 to $180.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Weiss Ratings lowered shares of Paycom Software from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, February 3rd. UBS Group decreased their target price on shares of Paycom Software from $245.00 to $210.00 and set a “buy” rating for the company in a report on Monday, January 26th. BTIG Research dropped their target price on shares of Paycom Software from $195.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Finally, Jefferies Financial Group cut their price target on shares of Paycom Software from $190.00 to $130.00 and set a “hold” rating on the stock in a report on Thursday, February 12th. Five investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $170.71.

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.