Caxton Associates LLP Invests $2.57 Million in Paycom Software, Inc. $PAYC

Caxton Associates LLP acquired a new stake in Paycom Software, Inc. (NYSE:PAYC) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 21,157 shares of the software maker’s stock, valued at approximately $2,571,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Willis Investment Counsel boosted its holdings in Paycom Software by 122.2% during the fourth quarter. Willis Investment Counsel now owns 22,100 shares of the software maker’s stock worth $3,522,000 after buying an additional 12,156 shares during the last quarter. Berkeley Inc grew its position in shares of Paycom Software by 47.5% in the 4th quarter. Berkeley Inc now owns 40,794 shares of the software maker’s stock valued at $6,501,000 after purchasing an additional 13,140 shares during the period. Harbor Capital Advisors Inc. bought a new position in Paycom Software in the fourth quarter valued at approximately $1,911,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Paycom Software by 1,151.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 170,854 shares of the software maker’s stock worth $27,227,000 after acquiring an additional 157,201 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Paycom Software by 230.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 341,286 shares of the software maker’s stock worth $54,387,000 after acquiring an additional 238,155 shares in the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on PAYC shares. BMO Capital Markets boosted their target price on shares of Paycom Software from $137.00 to $145.00 and gave the stock a “market perform” rating in a report on Thursday, May 7th. Citigroup increased their price target on shares of Paycom Software from $120.00 to $136.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. BTIG Research boosted their target price on shares of Paycom Software from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. UBS Group cut their price objective on shares of Paycom Software from $210.00 to $183.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. Finally, Barclays raised their target price on shares of Paycom Software from $148.00 to $154.00 and gave the stock an “equal weight” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $159.75.

Paycom Software Stock Performance

Shares of Paycom Software stock opened at $145.71 on Friday. Paycom Software, Inc. has a 1-year low of $104.90 and a 1-year high of $248.95. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.83. The business has a 50-day moving average price of $136.71 and a two-hundred day moving average price of $133.26. The company has a market cap of $6.94 billion, a P/E ratio of 16.84, a PEG ratio of 1.18 and a beta of 0.80.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data 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 company had revenue of $571.80 million during the quarter, compared to analyst estimates of $564.37 million. Paycom Software had a net margin of 22.44% and a return on equity of 28.34%. Paycom Software’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.80 EPS. As a group, analysts anticipate that Paycom Software, Inc. will post 9.37 EPS for the current year.

Paycom Software Dividend Announcement

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

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.