First Trust Advisors LP Has $107.18 Million Stake in Paycom Software, Inc. $PAYC

First Trust Advisors LP lessened its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 47.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 881,881 shares of the software maker’s stock after selling 783,648 shares during the period. First Trust Advisors LP’s holdings in Paycom Software were worth $107,184,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Brown Brothers Harriman & Co. grew its position 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 acquiring an additional 101 shares during the last quarter. Clearstead Advisors LLC boosted its stake 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 purchasing an additional 94 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Paycom Software during the 2nd quarter valued at approximately $29,000. MUFG Securities EMEA plc acquired a new position in Paycom Software during the 2nd quarter worth approximately $33,000. Finally, Palisade Asset Management LLC bought a new position in Paycom Software in the 3rd quarter valued at approximately $33,000. 87.77% of the stock is currently owned by institutional investors.

Paycom Software Stock Up 5.1%

Paycom Software stock opened at $145.71 on Friday. The company has a market capitalization of $6.94 billion, a PE ratio of 16.84, a PEG ratio of 1.18 and a beta of 0.80. Paycom Software, Inc. has a 12-month low of $104.90 and a 12-month high of $248.95. The firm’s fifty day moving average is $136.71 and its 200 day moving average is $133.26. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.83.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Wednesday, May 6th. The software maker reported $3.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $0.16. The company had revenue of $571.80 million for the quarter, compared to analysts’ expectations of $564.37 million. Paycom Software had a net margin of 22.44% and a return on equity of 28.34%. The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.80 EPS. As a group, sell-side analysts predict that Paycom Software, Inc. will post 9.37 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Tuesday, May 26th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Tuesday, May 26th. Paycom Software’s dividend payout ratio (DPR) is currently 17.34%.

Analyst Upgrades and Downgrades

PAYC has been the subject of a number of recent research reports. TD Cowen lowered their target price on Paycom Software from $154.00 to $149.00 and set a “buy” rating for the company in a report on Friday, June 26th. Barclays lifted their price target on Paycom Software from $148.00 to $154.00 and gave the company an “equal weight” rating in a research note on Tuesday. Zacks Research raised Paycom Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. UBS Group cut their target price on shares of Paycom Software from $210.00 to $183.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. Finally, BMO Capital Markets upped 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 investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $159.75.

Paycom Software 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.