Marathon Asset Management Ltd Cuts Position in Paycom Software, Inc. $PAYC

Marathon Asset Management Ltd lessened its holdings in Paycom Software, Inc. (NYSE:PAYC) by 7.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 205,170 shares of the software maker’s stock after selling 17,243 shares during the period. Marathon Asset Management Ltd owned about 0.36% of Paycom Software worth $32,695,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allianz Asset Management GmbH boosted its holdings in Paycom Software by 10,106.6% in the 3rd quarter. Allianz Asset Management GmbH now owns 486,957 shares of the software maker’s stock worth $101,355,000 after buying an additional 482,186 shares during the last quarter. Two Sigma Investments LP boosted its holdings in Paycom Software by 228.7% in the 3rd quarter. Two Sigma Investments LP now owns 532,124 shares of the software maker’s stock worth $110,756,000 after buying an additional 370,219 shares during the last quarter. Woodline Partners LP acquired a new stake in Paycom Software in the 3rd quarter worth about $58,452,000. Robeco Institutional Asset Management B.V. boosted its holdings in Paycom Software by 230.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 341,286 shares of the software maker’s stock worth $54,387,000 after buying an additional 238,155 shares during the last quarter. Finally, Freestone Grove Partners LP acquired a new stake in Paycom Software in the 3rd quarter worth about $42,414,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on PAYC. Mizuho lifted their price objective on Paycom Software from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Paycom Software in a report on Friday, May 1st. Cantor Fitzgerald lifted their price objective on Paycom Software from $115.00 to $135.00 and gave the stock a “neutral” rating in a report on Friday, March 6th. BTIG Research lifted their price objective on Paycom Software from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, BMO Capital Markets lifted their price objective on Paycom Software from $137.00 to $145.00 and gave the stock a “market perform” rating in a report on Thursday, May 7th. Five analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Paycom Software has an average rating of “Hold” and an average target price of $159.67.

Paycom Software Stock Performance

Shares of Paycom Software stock opened at $141.29 on Wednesday. Paycom Software, Inc. has a one year low of $104.90 and a one year high of $267.76. The company has a market cap of $6.73 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 1.22 and a beta of 0.77. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.08 and a current ratio of 1.08. The business’s 50 day moving average price is $126.80 and its 200 day moving average price is $142.68.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, May 6th. The software maker reported $3.15 EPS for the quarter, topping analysts’ consensus estimates of $2.99 by $0.16. Paycom Software had a return on equity of 28.34% and a net margin of 22.44%.The firm had revenue of $571.80 million for the quarter, compared to the consensus estimate of $564.37 million. During the same quarter last year, the business posted $2.80 earnings per share. The firm’s revenue was up 7.8% compared to the same quarter last year. On average, research analysts predict that Paycom Software, Inc. will post 9.09 EPS for the current year.

Paycom Software Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Tuesday, May 26th will be given a dividend of $0.375 per share. The ex-dividend date is Tuesday, May 26th. This represents a $1.50 dividend on an annualized basis and a yield of 1.1%. Paycom Software’s dividend payout ratio (DPR) is presently 17.34%.

About Paycom Software

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.