Callan Family Office LLC Invests $382,000 in Paycom Software, Inc. $PAYC

Callan Family Office LLC acquired a new position in Paycom Software, Inc. (NYSE:PAYC) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 3,041 shares of the software maker’s stock, valued at approximately $382,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mackenzie Financial Corp raised its position in shares of Paycom Software by 4.0% during the 3rd quarter. Mackenzie Financial Corp now owns 1,624 shares of the software maker’s stock valued at $338,000 after buying an additional 63 shares in the last quarter. Boyd Watterson Asset Management LLC OH raised its position in Paycom Software by 0.8% during the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 10,662 shares of the software maker’s stock valued at $1,699,000 after purchasing an additional 86 shares in the last quarter. Lido Advisors LLC lifted its stake in Paycom Software by 1.4% during the fourth quarter. Lido Advisors LLC now owns 6,286 shares of the software maker’s stock worth $1,081,000 after purchasing an additional 87 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Paycom Software by 2.2% during the fourth quarter. Janus Henderson Group PLC now owns 4,090 shares of the software maker’s stock worth $652,000 after purchasing an additional 88 shares during the last quarter. Finally, Evoke Wealth LLC boosted its holdings in shares of Paycom Software by 2.8% in the 4th quarter. Evoke Wealth LLC now owns 3,335 shares of the software maker’s stock worth $531,000 after purchasing an additional 90 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. TD Cowen increased their price objective on Paycom Software from $149.00 to $244.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. boosted their target price on Paycom Software from $140.00 to $264.00 and gave the stock a “neutral” rating in a research report on Tuesday. Weiss Ratings raised Paycom Software from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Cantor Fitzgerald increased their price target on shares of Paycom Software from $135.00 to $195.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Finally, UBS Group lifted their price target on shares of Paycom Software from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $208.08.

Paycom Software Stock Up 0.0%

PAYC opened at $231.79 on Thursday. The company has a market cap of $10.45 billion, a P/E ratio of 24.63, a P/E/G ratio of 1.31 and a beta of 0.76. The business’s 50-day moving average price is $166.68 and its 200-day moving average price is $142.06. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.57. Paycom Software, Inc. has a 12 month low of $104.90 and a 12 month high of $233.46.

Paycom Software (NYSE:PAYC) last released its earnings results on Wednesday, August 5th. The software maker reported $2.78 earnings per share for the quarter, beating analysts’ consensus estimates of $2.38 by $0.40. The company had revenue of $531.20 million during the quarter, compared to analyst estimates of $513.12 million. Paycom Software had a return on equity of 37.06% and a net margin of 22.78%.Paycom Software’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.06 EPS. On average, equities analysts expect that Paycom Software, Inc. will post 10.48 EPS for the current year.

Paycom Software Dividend Announcement

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