Capstone Investment Advisors LLC Takes $937,000 Position in Paycom Software, Inc. $PAYC

Capstone Investment Advisors LLC bought a new stake in Paycom Software, Inc. (NYSE:PAYC) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 7,457 shares of the software maker’s stock, valued at approximately $937,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Paycom Software during the 2nd quarter valued at about $632,460,000. Reinhart Partners LLC. increased its holdings in Paycom Software by 887.4% in the 4th quarter. Reinhart Partners LLC. now owns 598,323 shares of the software maker’s stock worth $95,351,000 after buying an additional 537,726 shares during the period. Contour Asset Management LLC acquired a new position in Paycom Software in the 4th quarter worth approximately $60,333,000. Two Sigma Investments LP raised its position in Paycom Software by 228.7% during the 3rd quarter. Two Sigma Investments LP now owns 532,124 shares of the software maker’s stock worth $110,756,000 after buying an additional 370,219 shares during the last quarter. Finally, Invesco Ltd. raised its position in Paycom Software by 28.2% during the 4th quarter. Invesco Ltd. now owns 1,559,682 shares of the software maker’s stock worth $248,551,000 after buying an additional 343,494 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on PAYC shares. Cantor Fitzgerald lifted their price objective on shares of Paycom Software from $135.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. UBS Group boosted their target price on shares of Paycom Software from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Zacks Research raised Paycom Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. BMO Capital Markets lifted their price objective on Paycom Software from $145.00 to $208.00 and gave the company a “market perform” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings raised Paycom Software from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $208.08.

Paycom Software Trading Up 2.5%

Shares of Paycom Software stock opened at $238.07 on Friday. The firm has a 50-day simple moving average of $168.95 and a two-hundred day simple moving average of $142.82. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.07 and a current ratio of 1.07. Paycom Software, Inc. has a fifty-two week low of $104.90 and a fifty-two week high of $239.92. The company has a market cap of $10.73 billion, a P/E ratio of 25.30, a price-to-earnings-growth ratio of 1.31 and a beta of 0.76.

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

Paycom Software Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, August 24th. Paycom Software’s dividend 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.