Capstone Investment Advisors LLC Invests $937,000 in Paycom Software, Inc. $PAYC

Capstone Investment Advisors LLC bought a new stake in shares of Paycom Software, Inc. (NYSE:PAYC) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 7,457 shares of the software maker’s stock, valued at approximately $937,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Paycom Software during the 2nd quarter worth $632,460,000. State Street Corp boosted its holdings in shares of Paycom Software by 0.4% in the fourth quarter. State Street Corp now owns 2,165,546 shares of the software maker’s stock valued at $345,101,000 after acquiring an additional 8,419 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Paycom Software by 19.9% in 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 acquiring an additional 275,954 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Paycom Software by 28.2% in the fourth quarter. Invesco Ltd. now owns 1,559,682 shares of the software maker’s stock valued at $248,551,000 after acquiring an additional 343,494 shares in the last quarter. Finally, Reinhart Partners LLC. boosted its holdings in shares of Paycom Software by 20.1% in the second quarter. Reinhart Partners LLC. now owns 1,219,906 shares of the software maker’s stock valued at $153,320,000 after acquiring an additional 204,191 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Wall Street Zen raised shares of Paycom Software from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Cantor Fitzgerald upped their price objective on shares of Paycom Software from $135.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. TD Cowen upped their price target on shares of Paycom Software from $149.00 to $244.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. BMO Capital Markets upped their price target on shares of Paycom Software from $145.00 to $208.00 and gave the stock a “market perform” rating in a research report on Thursday, August 6th. Finally, BTIG Research increased their price objective 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. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $214.23.

Paycom Software Stock Up 2.9%

NYSE PAYC traded up $6.78 during trading hours on Thursday, reaching $243.03. 28,490 shares of the company traded hands, compared to its average volume of 1,278,218. Paycom Software, Inc. has a 12 month low of $104.90 and a 12 month high of $244.98. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.57. The stock has a market capitalization of $10.95 billion, a PE ratio of 25.96, a PEG ratio of 1.32 and a beta of 0.78. The company has a 50 day moving average of $177.95 and a two-hundred day moving average of $146.04.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings results on Wednesday, August 5th. The software maker reported $2.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.38 by $0.40. Paycom Software had a net margin of 22.78% and a return on equity of 37.06%. The company had revenue of $531.20 million for the quarter, compared to the consensus estimate of $513.12 million. During the same period last year, the firm posted $2.06 EPS. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. As a group, equities analysts expect that Paycom Software, Inc. will post 10.65 earnings per share for the current year.

Paycom Software Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis 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 15.94%.

Insider Buying and Selling at Paycom Software

In related news, insider Shane Hadlock sold 241 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $240.07, for a total value of $57,856.87. Following the sale, the insider owned 69,911 shares of the company’s stock, valued at $16,783,533.77. This trade represents a 0.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 13.20% of the stock is currently owned by company insiders.

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.