Capstone Investment Advisors LLC Acquires Shares of 7,457 Paycom Software, Inc. $PAYC

Capstone Investment Advisors LLC bought a new position in shares of Paycom Software, Inc. (NYSE:PAYC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 7,457 shares of the software maker’s stock, valued at approximately $937,000.

Other large investors have also recently modified their holdings of the company. Proficio Capital Partners LLC bought a new stake in Paycom Software during the 2nd quarter valued at $225,000. Corient Private Wealth LP bought a new stake in shares of Paycom Software in the second quarter valued at about $10,803,000. Bank of America Corp DE purchased a new stake in Paycom Software in the second quarter worth about $34,146,000. Odyssean LLC lifted its stake in Paycom Software by 101.7% in the second quarter. Odyssean LLC now owns 22,099 shares of the software maker’s stock worth $2,777,000 after acquiring an additional 11,143 shares during the period. Finally, Man Group plc purchased a new stake in Paycom Software in the second quarter worth about $9,696,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. BTIG Research upped their price target on shares of Paycom Software from $160.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Mizuho lifted their price objective on shares of Paycom Software from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Weiss Ratings upgraded Paycom Software from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. lifted their price target on Paycom Software from $140.00 to $264.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, TD Cowen upped their price objective on Paycom Software from $149.00 to $244.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $208.08.

Paycom Software Stock Up 2.5%

Paycom Software stock opened at $238.07 on Friday. Paycom Software, Inc. has a 1-year low of $104.90 and a 1-year high of $239.92. The business has a fifty day moving average price of $168.95 and a 200-day moving average price of $142.82. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $10.73 billion, a price-to-earnings ratio of 25.30, a PEG ratio of 1.31 and a beta of 0.76.

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Wednesday, August 5th. The software maker reported $2.78 EPS for the quarter, beating analysts’ consensus estimates of $2.38 by $0.40. The company had revenue of $531.20 million during the quarter, compared to analysts’ expectations of $513.12 million. Paycom Software had a return on equity of 37.06% and a net margin of 22.78%.The firm’s revenue was up 9.8% compared to the same quarter last year. During the same period last year, the business posted $2.06 earnings per share. Equities research analysts forecast that Paycom Software, Inc. will post 10.48 EPS for the current fiscal year.

Paycom Software Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, August 24th. Paycom Software’s dividend payout ratio (DPR) is presently 15.94%.

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.