Willis Investment Counsel Has $3.52 Million Holdings in Paycom Software, Inc. $PAYC

Willis Investment Counsel lifted its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 122.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,100 shares of the software maker’s stock after purchasing an additional 12,156 shares during the period. Willis Investment Counsel’s holdings in Paycom Software were worth $3,522,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of PAYC. Allianz Asset Management GmbH lifted its holdings in shares of Paycom Software by 10,106.6% during the third quarter. Allianz Asset Management GmbH now owns 486,957 shares of the software maker’s stock worth $101,355,000 after purchasing an additional 482,186 shares during the period. Two Sigma Investments LP lifted its holdings in Paycom Software by 228.7% in the third quarter. Two Sigma Investments LP now owns 532,124 shares of the software maker’s stock valued at $110,756,000 after buying an additional 370,219 shares during the period. Woodline Partners LP acquired a new position in Paycom Software in the third quarter valued at $58,452,000. Freestone Grove Partners LP acquired a new position in Paycom Software in the third quarter valued at $42,414,000. Finally, Vanguard Group Inc. lifted its holdings in Paycom Software by 3.2% in the third quarter. Vanguard Group Inc. now owns 5,802,788 shares of the software maker’s stock valued at $1,207,792,000 after buying an additional 179,218 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Paycom Software Trading Down 4.9%

PAYC opened at $118.17 on Thursday. The company has a fifty day moving average price of $125.67 and a two-hundred day moving average price of $157.38. The company has a market cap of $6.41 billion, a P/E ratio of 14.61, a price-to-earnings-growth ratio of 1.30 and a beta of 0.79. Paycom Software, Inc. has a 1-year low of $104.90 and a 1-year high of $267.76.

Paycom Software (NYSE:PAYC) last posted its earnings results on Wednesday, February 11th. The software maker reported $2.45 EPS for the quarter, topping the consensus estimate of $2.44 by $0.01. The company had revenue of $544.30 million during the quarter, compared to the consensus estimate of $542.79 million. Paycom Software had a net margin of 22.10% and a return on equity of 24.25%. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.32 earnings per share. On average, research analysts forecast that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Monday, March 9th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, March 9th. This represents a $1.50 annualized dividend and a dividend yield of 1.3%. Paycom Software’s payout ratio is presently 18.54%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on PAYC shares. Barclays boosted their target price on shares of Paycom Software from $140.00 to $150.00 and gave the company an “equal weight” rating in a report on Friday, March 6th. Zacks Research upgraded shares of Paycom Software from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th. TD Cowen decreased their price target on shares of Paycom Software from $200.00 to $184.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. KeyCorp decreased their price target on shares of Paycom Software from $250.00 to $195.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. Finally, BTIG Research decreased their price target on shares of Paycom Software from $195.00 to $140.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Five research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $170.71.

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.