Vise Technologies Inc. bought a new stake in Paycom Software, Inc. (NYSE:PAYC – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,583 shares of the software maker’s stock, valued at approximately $998,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PAYC. Fluent Financial LLC acquired a new position in shares of Paycom Software in the 2nd quarter valued at approximately $2,439,000. Principal Financial Group Inc. increased its stake in Paycom Software by 290.5% during the 1st quarter. Principal Financial Group Inc. now owns 243,762 shares of the software maker’s stock worth $29,627,000 after purchasing an additional 181,346 shares in the last quarter. Greenwich Wealth Management LLC bought a new stake in Paycom Software during the 2nd quarter worth approximately $5,118,000. Corient Private Wealth LP acquired a new stake in Paycom Software during the 2nd quarter worth approximately $10,803,000. Finally, Janus Henderson Group PLC raised its holdings in Paycom Software by 467.2% during the 1st quarter. Janus Henderson Group PLC now owns 23,200 shares of the software maker’s stock worth $2,819,000 after buying an additional 19,110 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on PAYC. Citigroup cut their price target on shares of Paycom Software from $279.00 to $264.00 and set a “neutral” rating on the stock in a research note on Friday. Zacks Research cut shares of Paycom Software from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Jefferies Financial Group increased their price objective on shares of Paycom Software from $160.00 to $300.00 and gave the stock a “hold” rating in a research report on Tuesday, October 27th. Needham & Company LLC restated a “hold” rating on shares of Paycom Software in a report on Thursday. Finally, BMO Capital Markets boosted their price objective on shares of Paycom Software from $145.00 to $208.00 and gave the company a “market perform” rating in a research report on Thursday, August 6th. Four equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Paycom Software currently has an average rating of “Hold” and an average price target of $255.36.
Get Our Latest Stock Analysis on PAYC
Insider Buying and Selling at Paycom Software
In other news, insider Shane Hadlock sold 2,577 shares of Paycom Software stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $237.60, for a total value of $612,295.20. Following the sale, the insider directly owned 70,152 shares in the company, valued at $16,668,115.20. This trade represents a 3.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 13.20% of the stock is owned by corporate insiders.
Paycom Software News Summary
Here are the key news stories impacting Paycom Software this week:
- Positive Sentiment: Paycom beat third-quarter earnings expectations, with EPS of $3.37 versus the cited $2.76 consensus. Earnings growth, higher revenue, and margin gains were linked to wider adoption of automation; the company also raised its 2026 revenue and EBITDA guidance. Paycom Q3 Earnings Beat Estimates on Revenue Growth, Margin Gains
- Positive Sentiment: KeyCorp raised its price target to $297 and maintained an overweight rating, signaling confidence in further upside. KeyCorp recommendations
- Positive Sentiment: Paycom declared its first cash dividend, adding a shareholder-return component to the investment case. Paycom declares its first cash dividend
- Neutral Sentiment: JPMorgan raised its target slightly, from $264 to $265, but kept a neutral rating. JPMorgan recommendations
- Negative Sentiment: BTIG downgraded PAYC from buy to neutral, a more cautious view that could pressure shares despite the earnings beat. BTIG Research recommendations
- Negative Sentiment: Citigroup cut its target from $279 to $264 and retained a neutral rating. Other coverage also raised questions about whether Paycom’s shares are fully valued after a strong run, tempering the positive results. Citigroup recommendations Paycom stock could be rich despite raised guidance
Paycom Software Stock Down 0.5%
NYSE:PAYC opened at $236.21 on Monday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $10.64 billion, a PE ratio of 22.63, a PEG ratio of 1.26 and a beta of 0.75. Paycom Software, Inc. has a 52-week low of $104.90 and a 52-week high of $275.22. The stock has a 50-day simple moving average of $238.29 and a 200 day simple moving average of $166.73.
Paycom Software (NYSE:PAYC – Get Free Report) last announced its earnings results on Wednesday, November 4th. The software maker reported $3.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.56. The business had revenue of $543.80 million for the quarter, compared to analyst estimates of $535.26 million. Paycom Software had a return on equity of 52.12% and a net margin of 23.28%. Paycom Software’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.94 EPS. On average, sell-side analysts expect that Paycom Software, Inc. will post 10.92 EPS for the current fiscal year.
Paycom Software Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 7th. Stockholders of record on Monday, November 23rd will be paid a dividend of $0.3750 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, November 23rd. Paycom Software’s dividend payout ratio (DPR) is currently 14.37%.
About Paycom Software
Paycom Software, Inc provides cloud-based human capital management (HCM) software that helps employers manage payroll and related workforce processes through a unified platform. Its services support organizations throughout the employee life cycle, from hiring and onboarding to payroll, benefits administration, time and labor management, and talent management.
The company’s platform includes employee self-service tools and Beti, a feature that enables employees to review and complete their own payroll.
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