3,123 Shares in Paycom Software, Inc. $PAYC Acquired by State of Wyoming

State of Wyoming bought a new position in shares of Paycom Software, Inc. (NYSE:PAYC) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,123 shares of the software maker’s stock, valued at approximately $392,000.

Other large investors have also recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC acquired a new stake in shares of Paycom Software in the second quarter worth $29,000. MUFG Securities EMEA plc bought a new stake in shares of Paycom Software during the 2nd quarter worth $33,000. Brown Brothers Harriman & Co. grew its stake in Paycom Software by 190.6% in the 4th quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker’s stock valued at $25,000 after buying an additional 101 shares during the last quarter. Palisade Asset Management LLC acquired a new position in Paycom Software in the 3rd quarter valued at $33,000. Finally, Clearstead Advisors LLC grew its stake in Paycom Software by 140.3% in the 4th quarter. Clearstead Advisors LLC now owns 161 shares of the software maker’s stock valued at $26,000 after buying an additional 94 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Paycom Software Price Performance

NYSE:PAYC opened at $215.92 on Wednesday. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.07 and a quick ratio of 1.07. Paycom Software, Inc. has a one year low of $104.90 and a one year high of $234.60. The company has a fifty day moving average price of $155.12 and a 200 day moving average price of $137.96. The stock has a market cap of $9.73 billion, a P/E ratio of 22.95, a PEG ratio of 1.23 and a beta of 0.75.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings results on Wednesday, August 5th. The software maker reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.38 by $0.40. Paycom Software had a net margin of 22.78% and a return on equity of 37.06%. The company had revenue of $531.20 million for the quarter, compared to analyst estimates of $513.12 million. During the same period last year, the business posted $2.06 EPS. The business’s quarterly revenue was up 9.8% on a year-over-year basis. Analysts anticipate that Paycom Software, Inc. will post 10.48 earnings per share for the current year.

Paycom Software Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a $1.50 dividend on an annualized basis and a yield of 0.7%. Paycom Software’s dividend payout ratio (DPR) is 15.94%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. UBS Group boosted their target price on shares of Paycom Software from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. BMO Capital Markets raised their price target on Paycom Software from $145.00 to $208.00 and gave the company a “market perform” rating in a research report on Thursday, August 6th. Citigroup lifted their price objective on Paycom Software from $136.00 to $194.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Weiss Ratings raised Paycom Software from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Finally, Cantor Fitzgerald boosted their price objective on Paycom Software from $135.00 to $195.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $204.69.

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.