Hantz Financial Services Inc. Sells 7,971 Shares of Paycom Software, Inc. $PAYC

Hantz Financial Services Inc. lowered its position in Paycom Software, Inc. (NYSE:PAYC) by 20.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 31,431 shares of the software maker’s stock after selling 7,971 shares during the quarter. Hantz Financial Services Inc.’s holdings in Paycom Software were worth $5,009,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of PAYC. True Wealth Design LLC raised its position in Paycom Software by 946.7% in the 4th quarter. True Wealth Design LLC now owns 157 shares of the software maker’s stock worth $25,000 after purchasing an additional 142 shares during the last quarter. Caitlin John LLC bought a new position in Paycom Software in the 3rd quarter worth approximately $29,000. CYBER HORNET ETFs LLC bought a new position in Paycom Software in the 2nd quarter worth approximately $29,000. MUFG Securities EMEA plc bought a new position in Paycom Software in the 2nd quarter worth approximately $33,000. Finally, Palisade Asset Management LLC bought a new position in Paycom Software in the 3rd quarter worth approximately $33,000. Institutional investors own 87.77% of the company’s stock.

Paycom Software Price Performance

PAYC opened at $137.79 on Tuesday. The company has a fifty day moving average price of $127.20 and a two-hundred day moving average price of $141.33. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.08 and a current ratio of 1.08. Paycom Software, Inc. has a 52 week low of $104.90 and a 52 week high of $267.76. The firm has a market capitalization of $6.56 billion, a PE ratio of 15.93, a P/E/G ratio of 1.20 and a beta of 0.77.

Paycom Software (NYSE:PAYC) last released its earnings results on Wednesday, May 6th. The software maker reported $3.15 EPS for the quarter, topping analysts’ consensus estimates of $2.99 by $0.16. Paycom Software had a net margin of 22.44% and a return on equity of 28.34%. The firm had revenue of $571.80 million during the quarter, compared to analyst estimates of $564.37 million. During the same quarter in the previous year, the business earned $2.80 EPS. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, analysts anticipate that Paycom Software, Inc. will post 9.09 earnings per share for the current year.

Paycom Software Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, May 26th. Paycom Software’s payout ratio is currently 17.34%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Mizuho boosted their price objective on shares of Paycom Software from $120.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Barclays dropped their price objective on shares of Paycom Software from $150.00 to $148.00 and set an “equal weight” rating for the company in a research report on Thursday, May 7th. Jefferies Financial Group dropped their price objective on shares of Paycom Software from $190.00 to $130.00 and set a “hold” rating for the company in a research report on Thursday, February 12th. TD Cowen boosted their price objective on shares of Paycom Software from $148.00 to $154.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, Zacks Research upgraded shares of Paycom Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $159.67.

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.