Lombard Odier Asset Management Europe Ltd Sells 3,750 Shares of Paycom Software, Inc. $PAYC

Lombard Odier Asset Management Europe Ltd cut its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 27.3% during the first quarter, HoldingsChannel.com reports. The fund owned 10,000 shares of the software maker’s stock after selling 3,750 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Paycom Software were worth $1,215,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of PAYC. State Street Corp grew its stake in Paycom Software by 0.4% in the fourth quarter. State Street Corp now owns 2,165,546 shares of the software maker’s stock worth $345,101,000 after purchasing an additional 8,419 shares in the last quarter. First Trust Advisors LP increased its holdings in Paycom Software by 19.9% during the 4th quarter. First Trust Advisors LP now owns 1,665,529 shares of the software maker’s stock worth $265,419,000 after purchasing an additional 275,954 shares during the period. Invesco Ltd. raised its position in Paycom Software by 28.2% during the 4th quarter. Invesco Ltd. now owns 1,559,682 shares of the software maker’s stock valued at $248,551,000 after purchasing an additional 343,494 shares in the last quarter. Federated Hermes Inc. raised its position in Paycom Software by 12.7% during the 4th quarter. Federated Hermes Inc. now owns 624,371 shares of the software maker’s stock valued at $99,500,000 after purchasing an additional 70,208 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of Paycom Software by 29.8% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 604,090 shares of the software maker’s stock worth $96,878,000 after buying an additional 138,795 shares during the period. Institutional investors own 87.77% of the company’s stock.

Paycom Software Trading Up 2.8%

PAYC opened at $168.60 on Tuesday. The firm has a market cap of $8.03 billion, a price-to-earnings ratio of 19.49, a PEG ratio of 1.39 and a beta of 0.75. 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 stock has a fifty day moving average price of $139.71 and a 200-day moving average price of $133.35.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Wednesday, May 6th. The software maker reported $3.15 earnings per share for the quarter, beating 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 the consensus estimate of $564.37 million. During the same quarter last year, the company earned $2.80 earnings per share. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Paycom Software, Inc. will post 9.37 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, August 24th. Paycom Software’s dividend payout ratio is presently 17.34%.

Analyst Ratings Changes

A number of research firms have recently issued reports on PAYC. Mizuho increased their price target on Paycom Software from $120.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. BMO Capital Markets upped their price objective on shares of Paycom Software from $137.00 to $145.00 and gave the stock a “market perform” rating in a research note on Thursday, May 7th. BTIG Research increased their target price on shares of Paycom Software from $140.00 to $160.00 and gave the stock a “buy” rating in a 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 report on Thursday, May 7th. Finally, TD Cowen reduced their price target on shares of Paycom Software from $154.00 to $149.00 and set a “buy” rating for the company in a report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $159.75.

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.