New Age Alpha Advisors LLC Sells 5,972 Shares of Paycom Software, Inc. $PAYC

New Age Alpha Advisors LLC cut its stake in Paycom Software, Inc. (NYSE:PAYC) by 71.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,433 shares of the software maker’s stock after selling 5,972 shares during the period. New Age Alpha Advisors LLC’s holdings in Paycom Software were worth $388,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC lifted its stake in Paycom Software by 946.7% in the fourth quarter. True Wealth Design LLC now owns 157 shares of the software maker’s stock valued at $25,000 after buying an additional 142 shares during the period. Caitlin John LLC acquired a new position in Paycom Software in the third quarter valued at approximately $29,000. CYBER HORNET ETFs LLC acquired a new position in Paycom Software in the second quarter valued at approximately $29,000. MUFG Securities EMEA plc acquired a new position in Paycom Software in the second quarter valued at approximately $33,000. Finally, Palisade Asset Management LLC acquired a new position in Paycom Software in the third quarter valued at approximately $33,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Paycom Software Price Performance

Shares of NYSE:PAYC opened at $136.82 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.83. Paycom Software, Inc. has a twelve month low of $104.90 and a twelve month high of $267.76. The stock’s 50 day moving average is $127.75 and its 200-day moving average is $140.56. The firm has a market capitalization of $6.52 billion, a price-to-earnings ratio of 15.82, a PEG ratio of 1.16 and a beta of 0.77.

Paycom Software (NYSE:PAYC) last issued its earnings results on Wednesday, May 6th. The software maker reported $3.15 earnings per share 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 company had revenue of $571.80 million for the quarter, compared to analyst estimates of $564.37 million. During the same period in the prior year, the firm earned $2.80 earnings per share. Paycom Software’s revenue for the quarter was up 7.8% on a year-over-year basis. Sell-side analysts forecast that Paycom Software, Inc. will post 9.09 EPS for the current fiscal year.

Paycom Software Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Paycom Software in a research note on Friday, May 1st. Cantor Fitzgerald boosted their price target on Paycom Software from $115.00 to $135.00 and gave the company a “neutral” rating in a research note on Friday, March 6th. BMO Capital Markets boosted their price target on Paycom Software from $137.00 to $145.00 and gave the company a “market perform” rating in a research note on Thursday, May 7th. BTIG Research boosted their price target on Paycom Software from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, KeyCorp dropped their price target on Paycom Software from $250.00 to $195.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Paycom Software has an average rating of “Hold” and an average price target of $159.67.

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.