Boyd Watterson Asset Management LLC OH Cuts Stock Position in Paycom Software, Inc. $PAYC

Boyd Watterson Asset Management LLC OH lessened its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 69.3% in the first quarter, Holdings Channel reports. The institutional investor owned 3,275 shares of the software maker’s stock after selling 7,387 shares during the period. Boyd Watterson Asset Management LLC OH’s holdings in Paycom Software were worth $398,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in PAYC. True Wealth Design LLC boosted its holdings in Paycom Software by 946.7% in the fourth quarter. True Wealth Design LLC now owns 157 shares of the software maker’s stock worth $25,000 after acquiring an additional 142 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of Paycom Software by 190.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker’s stock valued at $25,000 after acquiring an additional 101 shares in the last quarter. Clearstead Advisors LLC raised its position in shares of Paycom Software by 140.3% in the 4th quarter. Clearstead Advisors LLC now owns 161 shares of the software maker’s stock worth $26,000 after purchasing an additional 94 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new position in shares of Paycom Software in the 2nd quarter worth about $29,000. Finally, MUFG Securities EMEA plc bought a new position in Paycom Software in the 2nd quarter worth about $33,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on PAYC shares. TD Cowen cut their price objective on shares of Paycom Software from $154.00 to $149.00 and set a “buy” rating on the stock in a research report on Friday, June 26th. BTIG Research lifted their target price on shares of Paycom Software from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Zacks Research upgraded shares of Paycom Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. Mizuho increased their price target on shares of Paycom Software from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, BMO Capital Markets raised their price target on shares of Paycom Software from $137.00 to $145.00 and gave the company a “market perform” rating in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $159.25.

Paycom Software Price Performance

Shares of NYSE:PAYC opened at $138.88 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market cap of $6.61 billion, a price-to-earnings ratio of 16.06, a price-to-earnings-growth ratio of 1.14 and a beta of 0.80. The business has a 50-day simple moving average of $132.82 and a two-hundred day simple moving average of $135.09. Paycom Software, Inc. has a fifty-two week low of $104.90 and a fifty-two week high of $248.95.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings results 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. 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 for the quarter, compared to the consensus estimate of $564.37 million. During the same quarter last year, the firm posted $2.80 EPS. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, analysts expect that Paycom Software, Inc. will post 9.32 earnings per share for the current year.

Paycom Software Announces Dividend

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

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.