Kestra Private Wealth Services LLC Purchases 5,091 Shares of Paycom Software, Inc. $PAYC

Kestra Private Wealth Services LLC grew its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 103.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,033 shares of the software maker’s stock after buying an additional 5,091 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Paycom Software were worth $1,599,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Pictet Asset Management Holding SA lifted its position in shares of Paycom Software by 0.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 22,965 shares of the software maker’s stock worth $3,660,000 after buying an additional 130 shares in the last quarter. Inscription Capital LLC lifted its position in shares of Paycom Software by 399.2% during the 4th quarter. Inscription Capital LLC now owns 6,040 shares of the software maker’s stock worth $963,000 after buying an additional 4,830 shares in the last quarter. Absher Wealth Management LLC lifted its position in shares of Paycom Software by 119.5% during the 4th quarter. Absher Wealth Management LLC now owns 13,453 shares of the software maker’s stock worth $2,144,000 after buying an additional 7,324 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Paycom Software by 46.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 494 shares of the software maker’s stock worth $79,000 after buying an additional 157 shares in the last quarter. Finally, Ruffer LLP bought a new position in shares of Paycom Software during the 4th quarter worth approximately $3,126,000. Institutional investors own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Zacks Research raised shares of Paycom Software from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 18th. Weiss Ratings cut shares of Paycom Software from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 3rd. UBS Group decreased their price target on shares of Paycom Software from $210.00 to $183.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. Barclays raised their price target on shares of Paycom Software from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Friday, March 6th. Finally, Guggenheim decreased their price target on shares of Paycom Software from $210.00 to $180.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Five equities research analysts have rated the stock with a Buy rating, eleven have assigned 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 a consensus target price of $168.79.

Paycom Software Stock Up 4.0%

Shares of PAYC stock opened at $131.85 on Friday. The company has a 50 day moving average of $124.88 and a 200-day moving average of $148.37. Paycom Software, Inc. has a 12-month low of $104.90 and a 12-month high of $267.76. The firm has a market cap of $6.28 billion, a P/E ratio of 16.30, a PEG ratio of 1.34 and a beta of 0.79.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Wednesday, February 11th. The software maker reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.01. Paycom Software had a net margin of 22.10% and a return on equity of 24.25%. The company had revenue of $544.30 million during the quarter, compared to analyst estimates of $542.79 million. During the same quarter last year, the business posted $2.32 EPS. Paycom Software’s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, equities analysts expect that Paycom Software, Inc. will post 8.59 EPS for the current year.

Paycom Software Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Investors of record on Monday, March 9th were issued a $0.375 dividend. The ex-dividend date of this dividend was Monday, March 9th. This represents a $1.50 annualized dividend and a yield of 1.1%. Paycom Software’s dividend payout ratio (DPR) is 18.54%.

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.