Paycom Software, Inc. $PAYC Shares Sold by HUB Investment Partners LLC

HUB Investment Partners LLC lessened its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 7.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 51,528 shares of the software maker’s stock after selling 3,968 shares during the quarter. HUB Investment Partners LLC’s holdings in Paycom Software were worth $10,725,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Caitlin John LLC purchased a new stake in Paycom Software in the third quarter valued at $29,000. CYBER HORNET ETFs LLC acquired a new stake in Paycom Software during the second quarter worth about $29,000. Steigerwald Gordon & Koch Inc. purchased a new position in Paycom Software during the third quarter valued at approximately $31,000. MUFG Securities EMEA plc acquired a new position in Paycom Software in the second quarter valued at approximately $33,000. Finally, Bogart Wealth LLC boosted its position in Paycom Software by 100.0% in the 3rd quarter. Bogart Wealth LLC now owns 200 shares of the software maker’s stock worth $42,000 after purchasing an additional 100 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Paycom Software Stock Up 1.0%

Shares of NYSE PAYC opened at $138.09 on Friday. The firm has a market cap of $7.50 billion, a price-to-earnings ratio of 17.07, a price-to-earnings-growth ratio of 1.49 and a beta of 0.80. The company’s 50-day simple moving average is $139.07 and its 200-day simple moving average is $173.71. Paycom Software, Inc. has a 52-week low of $104.90 and a 52-week high of $267.76.

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Wednesday, February 11th. The software maker reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.01. The firm had revenue of $544.30 million during the quarter, compared to the consensus estimate of $542.79 million. Paycom Software had a net margin of 22.10% and a return on equity of 24.25%. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.32 EPS. Equities research analysts anticipate that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Monday, March 9th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.1%. The ex-dividend date is Monday, March 9th. Paycom Software’s payout ratio is 18.54%.

Insider Activity at Paycom Software

In other news, CFO Robert D. Foster sold 1,300 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $162.66, for a total value of $211,458.00. Following the transaction, the chief financial officer owned 14,747 shares in the company, valued at $2,398,747.02. This trade represents a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 10.90% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Citigroup decreased their target price on shares of Paycom Software from $185.00 to $128.00 and set a “neutral” rating for the company in a research note on Friday, February 13th. Mizuho dropped their price target on shares of Paycom Software from $180.00 to $120.00 and set a “neutral” rating on the stock in a research report on Thursday, February 12th. BTIG Research decreased their price objective on shares of Paycom Software from $195.00 to $140.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. KeyCorp lowered their target price on shares of Paycom Software from $250.00 to $195.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. Finally, Guggenheim dropped their target price on Paycom Software from $210.00 to $180.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Five investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $170.71.

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.