2,394 Shares in Paycom Software, Inc. $PAYC Purchased by CFO4Life Group LLC

CFO4Life Group LLC purchased a new stake in shares of Paycom Software, Inc. (NYSE:PAYC) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 2,394 shares of the software maker’s stock, valued at approximately $554,000.

Several other institutional investors have also added to or reduced their stakes in PAYC. Brooklyn Investment Group grew its stake in shares of Paycom Software by 19.4% during the first quarter. Brooklyn Investment Group now owns 240 shares of the software maker’s stock valued at $52,000 after buying an additional 39 shares during the last quarter. Commerce Bank grew its position in Paycom Software by 2.2% in the 1st quarter. Commerce Bank now owns 2,351 shares of the software maker’s stock valued at $514,000 after acquiring an additional 50 shares during the last quarter. US Bancorp DE grew its position in Paycom Software by 0.5% in the 1st quarter. US Bancorp DE now owns 10,421 shares of the software maker’s stock valued at $2,277,000 after acquiring an additional 57 shares during the last quarter. Applied Finance Capital Management LLC increased its stake in Paycom Software by 4.3% in the second quarter. Applied Finance Capital Management LLC now owns 1,425 shares of the software maker’s stock worth $330,000 after purchasing an additional 59 shares during the period. Finally, Wallace Advisory Group LLC lifted its position in shares of Paycom Software by 2.7% during the second quarter. Wallace Advisory Group LLC now owns 2,262 shares of the software maker’s stock worth $494,000 after purchasing an additional 60 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Insider Activity at Paycom Software

In other news, insider Bradley Scott Smith sold 1,500 shares of the firm’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $223.27, for a total value of $334,905.00. Following the sale, the insider directly owned 24,533 shares in the company, valued at approximately $5,477,482.91. This trade represents a 5.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 10.90% of the company’s stock.

Paycom Software Stock Up 0.9%

Shares of NYSE:PAYC opened at $166.16 on Friday. The firm has a 50 day moving average of $200.22 and a 200 day moving average of $224.26. The company has a market capitalization of $9.35 billion, a price-to-earnings ratio of 20.67, a price-to-earnings-growth ratio of 1.79 and a beta of 0.88. Paycom Software, Inc. has a 52 week low of $156.50 and a 52 week high of $267.76.

Paycom Software (NYSE:PAYC) last announced its earnings results on Wednesday, November 5th. The software maker reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.96 by ($0.02). The company had revenue of $493.30 million for the quarter, compared to the consensus estimate of $492.62 million. Paycom Software had a net margin of 22.65% and a return on equity of 24.79%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same period last year, the business posted $1.67 EPS. Paycom Software has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 8th. Shareholders of record on Monday, November 24th will be issued a $0.375 dividend. The ex-dividend date is Monday, November 24th. This represents a $1.50 dividend on an annualized basis and a yield of 0.9%. Paycom Software’s payout ratio is currently 18.66%.

Analyst Ratings Changes

A number of research firms have recently commented on PAYC. KeyCorp cut their price target on shares of Paycom Software from $290.00 to $250.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. BMO Capital Markets raised their target price on shares of Paycom Software from $244.00 to $258.00 and gave the stock a “market perform” rating in a research report on Thursday, August 7th. Guggenheim began coverage on Paycom Software in a report on Friday, September 26th. They issued a “buy” rating and a $270.00 price target for the company. Zacks Research cut Paycom Software from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 22nd. Finally, Mizuho decreased their target price on Paycom Software from $220.00 to $180.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Four research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $225.77.

Paycom Software Company Profile

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.