Grantham Mayo Van Otterloo & Co. LLC Makes New $1.05 Million Investment in Paycom Software, Inc. $PAYC

Grantham Mayo Van Otterloo & Co. LLC bought a new position in shares of Paycom Software, Inc. (NYSE:PAYC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,533 shares of the software maker’s stock, valued at approximately $1,049,000.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC purchased a new position in Paycom Software in the 4th quarter worth $638,000. LPL Financial LLC boosted its holdings in Paycom Software by 30.8% in the first quarter. LPL Financial LLC now owns 69,509 shares of the software maker’s stock worth $15,186,000 after acquiring an additional 16,383 shares in the last quarter. US Bancorp DE raised its stake in shares of Paycom Software by 0.5% in the first quarter. US Bancorp DE now owns 10,421 shares of the software maker’s stock worth $2,277,000 after purchasing an additional 57 shares during the last quarter. Commerce Bank lifted its position in Paycom Software by 2.2% during the first quarter. Commerce Bank now owns 2,351 shares of the software maker’s stock valued at $514,000 after purchasing an additional 50 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in shares of Paycom Software by 2.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,126 shares of the software maker’s stock valued at $1,338,000 after purchasing an additional 165 shares during the period. Institutional investors own 87.77% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on PAYC shares. KeyCorp dropped their target price on shares of Paycom Software from $290.00 to $250.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Zacks Research raised shares of Paycom Software from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 20th. BMO Capital Markets increased their target price on Paycom Software from $244.00 to $258.00 and gave the company a “market perform” rating in a research report on Thursday, August 7th. Guggenheim started coverage on Paycom Software in a research note on Friday, September 26th. They set a “buy” rating and a $270.00 target price on the stock. Finally, Jefferies Financial Group reduced their price objective on Paycom Software from $225.00 to $190.00 and set a “hold” rating for the company in a research note on Thursday, November 6th. Four analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Paycom Software has an average rating of “Hold” and a consensus target price of $225.77.

Insider Activity at Paycom Software

In other Paycom Software news, insider Bradley Scott Smith sold 1,500 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $223.27, for a total value of $334,905.00. Following the sale, the insider directly owned 24,533 shares of the company’s stock, valued at approximately $5,477,482.91. This represents a 5.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 10.90% of the company’s stock.

Paycom Software Trading Up 0.4%

Paycom Software stock opened at $161.76 on Tuesday. Paycom Software, Inc. has a 12-month low of $156.50 and a 12-month high of $267.76. The company has a 50-day moving average price of $187.40 and a 200 day moving average price of $217.89. The stock has a market cap of $9.10 billion, a P/E ratio of 20.12, a PEG ratio of 1.75 and a beta of 0.84.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Wednesday, November 5th. The software maker reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.02). Paycom Software had a return on equity of 24.79% and a net margin of 22.65%.The business had revenue of $493.30 million for the quarter, compared to analyst estimates of $492.62 million. During the same period in the previous year, the business posted $1.67 earnings per share. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. Paycom Software has set its FY 2025 guidance at EPS. As a group, analysts forecast that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 8th. Investors of record on Monday, November 24th will be issued a $0.375 dividend. The ex-dividend date is Monday, November 24th. This represents a $1.50 dividend on an annualized basis and a yield of 0.9%. Paycom Software’s dividend payout ratio (DPR) is 18.66%.

Paycom Software Company Profile

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.