Dimensional Fund Advisors LP Increases Stock Position in Paycom Software, Inc. $PAYC

Dimensional Fund Advisors LP grew its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 10.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 538,376 shares of the software maker’s stock after purchasing an additional 49,460 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Paycom Software were worth $65,435,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CYBER HORNET ETFs LLC acquired a new stake in shares of Paycom Software in the 2nd quarter valued at about $29,000. MUFG Securities EMEA plc purchased a new stake in Paycom Software in the second quarter valued at approximately $33,000. Brown Brothers Harriman & Co. lifted its stake in 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 buying an additional 101 shares during the last quarter. Palisade Asset Management LLC acquired a new stake in shares of Paycom Software in the third quarter valued at approximately $33,000. Finally, Clearstead Advisors LLC increased its holdings 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 valued at $26,000 after acquiring an additional 94 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on PAYC. Barclays increased their price target on shares of Paycom Software from $148.00 to $154.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st. Weiss Ratings raised shares of Paycom Software from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 16th. Citigroup increased their target price on shares of Paycom Software from $120.00 to $136.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Mizuho raised their price target on Paycom Software from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, UBS Group dropped their price target on Paycom Software from $210.00 to $183.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $159.75.

Paycom Software Stock Performance

NYSE:PAYC opened at $164.07 on Friday. 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 firm has a market cap of $7.81 billion, a price-to-earnings ratio of 18.97, a price-to-earnings-growth ratio of 1.37 and a beta of 0.80. The firm’s fifty day moving average price is $139.09 and its 200 day moving average price is $133.45. Paycom Software, Inc. has a 1-year low of $104.90 and a 1-year high of $248.95.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, May 6th. The software maker reported $3.15 EPS for the quarter, topping 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 company had revenue of $571.80 million during the quarter, compared to the consensus estimate of $564.37 million. During the same quarter in the prior year, the firm earned $2.80 EPS. Paycom Software’s quarterly revenue was up 7.8% on a year-over-year basis. On average, sell-side analysts expect that Paycom Software, Inc. will post 9.37 EPS for the current year.

Paycom Software Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Tuesday, May 26th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, May 26th. Paycom Software’s dividend payout ratio is currently 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.