New Age Alpha Advisors LLC Sells 5,972 Shares of Paycom Software, Inc. $PAYC

New Age Alpha Advisors LLC lowered its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 71.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,433 shares of the software maker’s stock after selling 5,972 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Paycom Software were worth $388,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of PAYC. Brighton Jones LLC bought a new stake in Paycom Software during the fourth quarter worth $638,000. AQR Capital Management LLC grew its holdings in Paycom Software by 23.7% during the first quarter. AQR Capital Management LLC now owns 19,155 shares of the software maker’s stock worth $4,136,000 after buying an additional 3,674 shares in the last quarter. United Services Automobile Association bought a new stake in Paycom Software during the first quarter worth $215,000. Empowered Funds LLC grew its holdings in Paycom Software by 22.8% during the first quarter. Empowered Funds LLC now owns 7,958 shares of the software maker’s stock worth $1,739,000 after buying an additional 1,480 shares in the last quarter. Finally, Focus Partners Wealth grew its holdings in Paycom Software by 220.8% during the first quarter. Focus Partners Wealth now owns 3,940 shares of the software maker’s stock worth $861,000 after buying an additional 2,712 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Paycom Software Stock Up 3.4%

Shares of NYSE:PAYC opened at $136.82 on Friday. The company has a market capitalization of $6.52 billion, a PE ratio of 15.82, a price-to-earnings-growth ratio of 1.16 and a beta of 0.77. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.08 and a quick ratio of 1.08. The business has a fifty day moving average price of $127.75 and a two-hundred day moving average price of $140.56. Paycom Software, Inc. has a 1 year low of $104.90 and a 1 year high of $267.76.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, May 6th. The software maker reported $3.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.99 by $0.16. The firm had revenue of $571.80 million during the quarter, compared to the consensus estimate of $564.37 million. Paycom Software had a return on equity of 28.34% and a net margin of 22.44%.The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.80 EPS. Analysts forecast that Paycom Software, Inc. will post 9.09 earnings per share for the current year.

Paycom Software Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th will be paid a dividend of $0.375 per share. The ex-dividend date is Tuesday, May 26th. This represents a $1.50 annualized dividend and a dividend yield of 1.1%. Paycom Software’s dividend payout ratio is presently 17.34%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on PAYC shares. UBS Group decreased their price target on Paycom Software from $210.00 to $183.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. KeyCorp reduced their price objective on Paycom Software from $250.00 to $195.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. Weiss Ratings restated a “sell (d+)” rating on shares of Paycom Software in a research note on Friday, May 1st. Barclays reduced their price objective on Paycom Software from $150.00 to $148.00 and set an “equal weight” rating for the company in a research note on Thursday, May 7th. Finally, Jefferies Financial Group reduced their price objective on Paycom Software from $190.00 to $130.00 and set a “hold” rating for the company in a research note on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Paycom Software has a consensus rating of “Hold” and a consensus target price 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.