Aware Super Pty Ltd as trustee of Aware Super Buys New Holdings in Paycom Software, Inc. $PAYC

Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of Paycom Software, Inc. (NYSE:PAYC) during the first quarter, Holdings Channel.com reports. The fund bought 100,422 shares of the software maker’s stock, valued at approximately $12,205,000.

Other large investors have also recently bought and sold shares of the company. True Wealth Design LLC lifted its holdings in Paycom Software by 946.7% during the 4th quarter. True Wealth Design LLC now owns 157 shares of the software maker’s stock worth $25,000 after purchasing an additional 142 shares during the last quarter. Brown Brothers Harriman & Co. raised its position in Paycom Software by 190.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker’s stock valued at $25,000 after purchasing an additional 101 shares in the last quarter. Clearstead Advisors LLC lifted its position in shares of Paycom Software by 140.3% during the 4th quarter. Clearstead Advisors LLC now owns 161 shares of the software maker’s stock worth $26,000 after buying an additional 94 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of Paycom Software in the 2nd quarter valued at approximately $29,000. Finally, MUFG Securities EMEA plc acquired a new stake in Paycom Software in the second quarter valued at approximately $33,000. 87.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PAYC. Citigroup upped their price objective on Paycom Software from $120.00 to $136.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. TD Cowen lowered their target price on Paycom Software from $154.00 to $149.00 and set a “buy” rating for the company in a report on Friday, June 26th. BTIG Research increased their price objective on shares of Paycom Software from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. BMO Capital Markets raised their price objective on shares of Paycom Software from $137.00 to $145.00 and gave the company a “market perform” rating in a research note on Thursday, May 7th. Finally, Mizuho upped their price target on Paycom Software from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Paycom Software currently has an average rating of “Moderate Buy” and an average target price of $159.25.

Paycom Software Trading Down 1.4%

Shares of PAYC stock opened at $148.44 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.08 and a quick ratio of 1.08. Paycom Software, Inc. has a 1 year low of $104.90 and a 1 year high of $248.95. The stock has a market capitalization of $7.07 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 1.28 and a beta of 0.80. The company’s fifty day simple moving average is $135.96 and its two-hundred day simple moving average is $133.78.

Paycom Software (NYSE:PAYC) last issued its earnings results on Wednesday, May 6th. The software maker reported $3.15 EPS for the quarter, topping the consensus estimate of $2.99 by $0.16. Paycom Software had a return on equity of 28.34% and a net margin of 22.44%.The business had revenue of $571.80 million during the quarter, compared to the consensus estimate of $564.37 million. During the same quarter last year, the company earned $2.80 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. As a group, analysts anticipate that Paycom Software, Inc. will post 9.32 earnings per share for the current year.

Paycom Software Announces Dividend

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