Fundsmith LLP Purchases 109,923 Shares of Paycom Software, Inc. $PAYC

Fundsmith LLP lifted its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 26.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 523,433 shares of the software maker’s stock after purchasing an additional 109,923 shares during the period. Paycom Software accounts for approximately 0.6% of Fundsmith LLP’s investment portfolio, making the stock its 21st biggest holding. Fundsmith LLP owned approximately 0.93% of Paycom Software worth $108,947,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Paycom Software by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 5,802,788 shares of the software maker’s stock valued at $1,207,792,000 after purchasing an additional 179,218 shares during the period. State Street Corp increased its position in Paycom Software by 8.4% during the 2nd quarter. State Street Corp now owns 2,097,910 shares of the software maker’s stock worth $485,456,000 after buying an additional 162,477 shares during the period. Baillie Gifford & Co. lifted its holdings in shares of Paycom Software by 10.3% during the third quarter. Baillie Gifford & Co. now owns 1,708,662 shares of the software maker’s stock worth $355,641,000 after buying an additional 158,967 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Paycom Software by 5.3% during the second quarter. Geode Capital Management LLC now owns 1,661,685 shares of the software maker’s stock worth $383,265,000 after buying an additional 83,154 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Paycom Software by 9.3% in the third quarter. Invesco Ltd. now owns 1,216,188 shares of the software maker’s stock valued at $253,137,000 after acquiring an additional 103,801 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

Paycom Software Stock Down 0.7%

PAYC stock opened at $125.70 on Friday. Paycom Software, Inc. has a 52 week low of $104.90 and a 52 week high of $267.76. The business has a 50-day simple moving average of $136.28 and a 200 day simple moving average of $170.30. The company has a market cap of $6.82 billion, a PE ratio of 15.54, a price-to-earnings-growth ratio of 1.33 and a beta of 0.80.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, February 11th. The software maker reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.01. Paycom Software had a net margin of 22.10% and a return on equity of 24.25%. The firm had revenue of $544.30 million for the quarter, compared to the consensus estimate of $542.79 million. During the same period in the prior year, the company posted $2.32 earnings per share. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, analysts anticipate that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Monday, March 9th will be given a dividend of $0.375 per share. The ex-dividend date is Monday, March 9th. This represents a $1.50 annualized dividend and a dividend yield of 1.2%. Paycom Software’s dividend payout ratio (DPR) is currently 18.54%.

Wall Street Analysts Forecast Growth

PAYC has been the topic of several research reports. UBS Group decreased their price target on shares of Paycom Software from $245.00 to $210.00 and set a “buy” rating on the stock in a research note on Monday, January 26th. Jefferies Financial Group cut their price objective on shares of Paycom Software from $190.00 to $130.00 and set a “hold” rating for the company in a report on Thursday, February 12th. BMO Capital Markets decreased their target price on shares of Paycom Software from $175.00 to $137.00 and set a “market perform” rating on the stock in a research report on Thursday, February 12th. Citigroup lowered their target price on shares of Paycom Software from $185.00 to $128.00 and set a “neutral” rating on the stock in a report on Friday, February 13th. Finally, TD Cowen dropped their price target on shares of Paycom Software from $200.00 to $184.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Five investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Paycom Software presently has an average rating of “Hold” and an average target price of $170.71.

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.