Y Intercept Hong Kong Ltd Increases Position in Paycom Software, Inc. $PAYC

Y Intercept Hong Kong Ltd increased its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 120.7% during the 1st quarter, Holdings Channel reports. The firm owned 22,523 shares of the software maker’s stock after acquiring an additional 12,317 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Paycom Software were worth $2,737,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Leonteq Securities AG boosted its stake in shares of Paycom Software by 126.6% in the first quarter. Leonteq Securities AG now owns 2,735 shares of the software maker’s stock worth $332,000 after acquiring an additional 1,528 shares during the period. Elevation Point Wealth Partners LLC purchased a new position in Paycom Software in the 1st quarter worth approximately $282,000. Boston Trust Walden Corp boosted its stake in Paycom Software by 10.7% in the 1st quarter. Boston Trust Walden Corp now owns 345,954 shares of the software maker’s stock worth $42,047,000 after purchasing an additional 33,537 shares during the period. Fulton Bank N.A. boosted its stake in Paycom Software by 6.8% in the 1st quarter. Fulton Bank N.A. now owns 1,921 shares of the software maker’s stock worth $233,000 after purchasing an additional 122 shares during the period. Finally, MQS Management LLC purchased a new stake in Paycom Software during the 1st quarter valued at approximately $210,000. Institutional investors own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

PAYC has been the topic of several recent analyst reports. Barclays reduced their price objective on shares of Paycom Software from $150.00 to $148.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 7th. Citigroup raised their target price on shares of Paycom Software from $120.00 to $136.00 and gave the company a “neutral” 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 research note on Monday, May 18th. UBS Group dropped their price objective on shares of Paycom Software from $210.00 to $183.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. Finally, BMO Capital Markets lifted their target price on Paycom Software from $137.00 to $145.00 and gave the stock a “market perform” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $159.25.

Paycom Software Stock Performance

Shares of NYSE:PAYC opened at $143.39 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.83. Paycom Software, Inc. has a 12 month low of $104.90 and a 12 month high of $248.95. The company has a market capitalization of $6.83 billion, a price-to-earnings ratio of 16.58, a PEG ratio of 1.19 and a beta of 0.80. The firm’s 50-day moving average is $133.67 and its 200 day moving average is $134.60.

Paycom Software (NYSE:PAYC) last announced its earnings results on Wednesday, May 6th. The software maker reported $3.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.16. The business had revenue of $571.80 million during the quarter, compared to analyst estimates of $564.37 million. Paycom Software had a return on equity of 28.34% and a net margin of 22.44%.The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.80 earnings per share. Research analysts predict that Paycom Software, Inc. will post 9.32 EPS for the current year.

Paycom Software Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, May 26th. Paycom Software’s dividend payout ratio is 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.