Glenmede Trust Co. NA Sells 28,677 Shares of Paycom Software, Inc. $PAYC

Glenmede Trust Co. NA reduced its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 91.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 2,535 shares of the software maker’s stock after selling 28,677 shares during the period. Glenmede Trust Co. NA’s holdings in Paycom Software were worth $308,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. State Street Corp raised its holdings in shares of Paycom Software by 0.4% during the fourth quarter. State Street Corp now owns 2,165,546 shares of the software maker’s stock worth $345,101,000 after acquiring an additional 8,419 shares during the period. First Trust Advisors LP boosted its stake in Paycom Software by 19.9% in the 4th quarter. First Trust Advisors LP now owns 1,665,529 shares of the software maker’s stock worth $265,419,000 after purchasing an additional 275,954 shares during the period. Invesco Ltd. increased its holdings in Paycom Software by 28.2% during the 4th quarter. Invesco Ltd. now owns 1,559,682 shares of the software maker’s stock worth $248,551,000 after purchasing an additional 343,494 shares in the last quarter. Federated Hermes Inc. increased its holdings in Paycom Software by 12.7% during the 4th quarter. Federated Hermes Inc. now owns 624,371 shares of the software maker’s stock worth $99,500,000 after purchasing an additional 70,208 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Paycom Software by 29.8% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 604,090 shares of the software maker’s stock valued at $96,878,000 after purchasing an additional 138,795 shares during the period. Institutional investors own 87.77% of the company’s stock.

Paycom Software Stock Performance

NYSE PAYC opened at $214.52 on Monday. The firm has a market capitalization of $9.67 billion, a P/E ratio of 22.80, a price-to-earnings-growth ratio of 1.33 and a beta of 0.75. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.57. The firm’s fifty day moving average price is $144.49 and its two-hundred day moving average price is $134.60. Paycom Software, Inc. has a 1 year low of $104.90 and a 1 year high of $234.60.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, August 5th. The software maker reported $2.78 EPS for the quarter, beating analysts’ consensus estimates of $2.38 by $0.40. The company had revenue of $531.20 million during the quarter, compared to the consensus estimate of $513.12 million. Paycom Software had a net margin of 22.78% and a return on equity of 37.06%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.06 EPS. As a group, research analysts anticipate that Paycom Software, Inc. will post 9.53 EPS for the current year.

Paycom Software Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be issued a dividend of $0.375 per share. The ex-dividend date 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 presently 15.94%.

Paycom Software News Summary

Here are the key news stories impacting Paycom Software this week:

• Positive Sentiment: Q2 results exceeded expectations: Paycom reported $531.2 million in revenue, up 9.8% year over year, and $2.78 in non-GAAP EPS, beating consensus estimates. Recurring sales growth and expanding margins added to the positive reaction. Paycom’s Q2 Earnings Surpass Expectations, Revenues Rise Y/Y
• Positive Sentiment: Management raised its 2026 forecast: Paycom now expects revenue of approximately $2.197 billion to $2.212 billion and adjusted EBITDA of $1.007 billion to $1.022 billion. Free cash flow is expected to exceed $650 million, supporting the improved earnings outlook. Paycom forecasts 2026 revenue and EBITDA
• Positive Sentiment: Automation and AI are improving profitability: Management highlighted savings from automation, internally hosted AI models, and new product releases as drivers of operating leverage and demand for Paycom’s employee-management services. Paycom raises annual forecast on AI-driven demand
• Positive Sentiment: Analysts lifted price targets: KeyBanc raised its target to $270 with an overweight rating, while TD Cowen raised its target to $244 and upgraded the stock to buy. BTIG also increased its target to $230 and maintained a buy rating. Paycom Software analysts boost forecasts
• Neutral Sentiment: Capital returns remain supportive: Paycom repurchased roughly 2.57 million shares for $345.9 million during the quarter, which may enhance per-share results but also reflects substantial cash deployment.
• Negative Sentiment: Some analysts remain cautious at the higher valuation: Barclays, BMO, Stifel, UBS, and Cantor Fitzgerald raised targets but retained neutral or hold-equivalent ratings, with targets ranging from $195 to $210—below the recent market level. Mixed institutional positioning also suggests not all investors share the bullish view.

Analyst Upgrades and Downgrades

PAYC has been the subject of several recent research reports. BMO Capital Markets upped their price objective on Paycom Software from $145.00 to $208.00 and gave the stock a “market perform” rating in a research report on Thursday. UBS Group lifted their target price on Paycom Software from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday. Zacks Research upgraded Paycom Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. Stifel Nicolaus upped their price target on Paycom Software from $120.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday. Finally, Barclays raised their price target on shares of Paycom Software from $154.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $204.69.

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.