Syon Capital LLC Acquires 4,120 Shares of Paycom Software, Inc. $PAYC

Syon Capital LLC increased its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 137.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,117 shares of the software maker’s stock after acquiring an additional 4,120 shares during the quarter. Syon Capital LLC’s holdings in Paycom Software were worth $894,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Brown Brothers Harriman & Co. increased its holdings in shares of Paycom Software by 190.6% in the fourth quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker’s stock valued at $25,000 after purchasing an additional 101 shares during the last quarter. Clearstead Advisors LLC raised its position in shares of Paycom Software by 140.3% in the fourth quarter. Clearstead Advisors LLC now owns 161 shares of the software maker’s stock valued at $26,000 after purchasing an additional 94 shares during the period. CYBER HORNET ETFs LLC bought a new position in shares of Paycom Software in the second quarter valued at about $29,000. Caitlin John LLC acquired a new stake in shares of Paycom Software during the 2nd quarter worth about $31,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Paycom Software during the 2nd quarter worth about $33,000. Institutional investors own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. UBS Group upped their price target on shares of Paycom Software from $205.00 to $285.00 and gave the company a “buy” rating in a research note on Tuesday, September 1st. Wall Street Zen downgraded shares of Paycom Software from a “buy” rating to a “hold” rating in a research report on Sunday. BMO Capital Markets boosted their price objective on Paycom Software from $145.00 to $208.00 and gave the stock a “market perform” rating in a report on Thursday, August 6th. Stifel Nicolaus upped their target price on Paycom Software from $120.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, August 6th. Finally, Weiss Ratings upgraded Paycom Software from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $214.23.

Insider Activity

In other Paycom Software news, insider Shane Hadlock sold 241 shares of Paycom Software stock in a transaction on Friday, August 28th. The stock was sold at an average price of $240.07, for a total value of $57,856.87. Following the completion of the transaction, the insider directly owned 69,911 shares of the company’s stock, valued at $16,783,533.77. The trade was a 0.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 13.20% of the company’s stock.

Paycom Software Price Performance

NYSE:PAYC opened at $231.81 on Monday. Paycom Software, Inc. has a 52 week low of $104.90 and a 52 week high of $244.98. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.07 and a current ratio of 1.07. The firm’s 50-day simple moving average is $182.32 and its 200 day simple moving average is $147.60. The firm has a market cap of $10.45 billion, a price-to-earnings ratio of 24.63, a P/E/G ratio of 1.29 and a beta of 0.78.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings data on Wednesday, August 5th. The software maker reported $2.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.38 by $0.40. Paycom Software had a net margin of 22.78% and a return on equity of 37.06%. The firm had revenue of $531.20 million during the quarter, compared to the consensus estimate of $513.12 million. During the same quarter in the previous year, the firm posted $2.06 EPS. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, sell-side analysts predict that Paycom Software, Inc. will post 10.65 earnings per share for the current year.

Paycom Software Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Monday, August 24th. Paycom Software’s payout ratio is 15.94%.

About Paycom Software

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.