Paycom Software, Inc. $PAYC Shares Purchased by Rhumbline Advisers

Rhumbline Advisers grew its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 28.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 132,564 shares of the software maker’s stock after buying an additional 29,628 shares during the period. Rhumbline Advisers’ holdings in Paycom Software were worth $30,675,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC bought a new position in Paycom Software during the fourth quarter worth $638,000. Allianz Asset Management GmbH raised its holdings in shares of Paycom Software by 21.5% during the first quarter. Allianz Asset Management GmbH now owns 6,786 shares of the software maker’s stock worth $1,483,000 after purchasing an additional 1,201 shares during the period. Avantax Advisory Services Inc. lifted its position in shares of Paycom Software by 17.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 4,754 shares of the software maker’s stock worth $1,039,000 after buying an additional 706 shares during the last quarter. HB Wealth Management LLC lifted its position in shares of Paycom Software by 16.9% in the 1st quarter. HB Wealth Management LLC now owns 1,387 shares of the software maker’s stock worth $303,000 after buying an additional 201 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Paycom Software by 2.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,412 shares of the software maker’s stock valued at $12,325,000 after buying an additional 1,483 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Paycom Software Price Performance

Shares of PAYC stock opened at $160.79 on Thursday. Paycom Software, Inc. has a 12-month low of $156.50 and a 12-month high of $267.76. The firm has a market capitalization of $9.05 billion, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 1.79 and a beta of 0.88. The business has a 50 day simple moving average of $190.79 and a 200 day simple moving average of $220.20.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings results 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 quarter last year, the firm posted $1.67 EPS. The company’s revenue was up 9.2% compared to the same quarter last year. Paycom Software has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Dividend Announcement

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 given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Monday, November 24th. Paycom Software’s dividend payout ratio is currently 18.66%.

Analyst Ratings Changes

PAYC has been the topic of several research reports. UBS Group dropped their price objective on shares of Paycom Software from $285.00 to $245.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Paycom Software in a research report on Tuesday. Mizuho cut their price target on Paycom Software from $220.00 to $180.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Guggenheim started coverage on Paycom Software in a research note on Friday, September 26th. They set a “buy” rating and a $270.00 price objective for the company. Finally, Jefferies Financial Group cut their target price on Paycom Software from $225.00 to $190.00 and set a “hold” rating on the stock in a research note on Thursday, November 6th. Four equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $225.77.

Insider Buying and Selling

In other Paycom Software news, insider Bradley Scott Smith sold 1,500 shares of the business’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $223.27, for a total transaction of $334,905.00. Following the sale, the insider directly owned 24,533 shares in the company, valued at approximately $5,477,482.91. The trade was a 5.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 10.90% of the company’s stock.

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.