Boston Trust Walden Corp Boosts Stake in Paycom Software, Inc. $PAYC

Boston Trust Walden Corp increased its stake in Paycom Software, Inc. (NYSE:PAYC) by 10.7% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 345,954 shares of the software maker’s stock after buying an additional 33,537 shares during the period. Boston Trust Walden Corp’s holdings in Paycom Software were worth $42,047,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. State Street Corp grew 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 valued at $345,101,000 after buying an additional 8,419 shares during the last quarter. First Trust Advisors LP increased its holdings in Paycom Software by 19.9% during the fourth quarter. First Trust Advisors LP now owns 1,665,529 shares of the software maker’s stock valued at $265,419,000 after buying an additional 275,954 shares during the last quarter. Invesco Ltd. raised its holdings in Paycom Software by 28.2% in 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 during the period. Federated Hermes Inc. raised its stake in shares of Paycom Software by 12.7% in the fourth quarter. Federated Hermes Inc. now owns 624,371 shares of the software maker’s stock worth $99,500,000 after buying an additional 70,208 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Paycom Software by 29.8% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 604,090 shares of the software maker’s stock worth $96,878,000 after acquiring an additional 138,795 shares during the period. 87.77% of the stock is owned by hedge funds and other institutional investors.

Paycom Software Trading Up 3.7%

Shares of NYSE PAYC opened at $138.88 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. The stock has a market capitalization of $6.61 billion, a P/E ratio of 16.06, a price-to-earnings-growth ratio of 1.14 and a beta of 0.80. The business has a fifty day moving average price of $132.82 and a 200 day moving average price of $135.09. Paycom Software, Inc. has a 1-year low of $104.90 and a 1-year high of $248.95.

Paycom Software (NYSE:PAYC) last posted its earnings results on Wednesday, May 6th. The software maker reported $3.15 EPS for the quarter, beating analysts’ consensus estimates of $2.99 by $0.16. Paycom Software had a net margin of 22.44% and a return on equity of 28.34%. The company had revenue of $571.80 million during the quarter, compared to analysts’ expectations of $564.37 million. During the same quarter in the prior year, the company posted $2.80 earnings per share. Paycom Software’s revenue for the quarter was up 7.8% compared to the same quarter last year. Equities research analysts expect that Paycom Software, Inc. will post 9.32 EPS for the current fiscal 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 1.1%. The ex-dividend date of this dividend was Tuesday, May 26th. Paycom Software’s dividend payout ratio (DPR) is presently 17.34%.

Analysts Set New Price Targets

A number of equities research analysts have commented on PAYC shares. Cantor Fitzgerald raised their price target on Paycom Software from $115.00 to $135.00 and gave the company a “neutral” rating in a report on Friday, March 6th. Barclays lowered their price objective on shares of Paycom Software from $150.00 to $148.00 and set an “equal weight” rating for the company in a research report on Thursday, May 7th. BTIG Research raised their price objective on Paycom Software from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Zacks Research upgraded shares of Paycom Software from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. Finally, Mizuho increased their target price on Paycom Software from $120.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Paycom Software currently has a consensus rating of “Hold” and an average price target of $159.25.

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.