Paycom Software, Inc. $PAYC Shares Sold by Fundsmith LLP

Fundsmith LLP cut its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 54.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,763 shares of the software maker’s stock after selling 118,694 shares during the quarter. Fundsmith LLP owned approximately 0.22% of Paycom Software worth $12,664,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Two Sigma Securities LLC lifted its stake in shares of Paycom Software by 6.7% during the second quarter. Two Sigma Securities LLC now owns 4,506 shares of the software maker’s stock valued at $566,000 after buying an additional 281 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Paycom Software by 5.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 13,906 shares of the software maker’s stock worth $1,748,000 after acquiring an additional 706 shares during the period. Van ECK Associates Corp purchased a new stake in Paycom Software in the 2nd quarter worth approximately $4,888,000. Wellington Management Group LLP raised its holdings in Paycom Software by 168.6% in the 2nd quarter. Wellington Management Group LLP now owns 27,862 shares of the software maker’s stock valued at $3,502,000 after acquiring an additional 17,488 shares during the last quarter. Finally, Beacon Pointe Advisors LLC acquired a new position in Paycom Software in the 2nd quarter valued at $447,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PAYC. UBS Group raised their price objective on Paycom Software from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Zacks Research upgraded Paycom Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. KeyCorp raised their price target on Paycom Software from $195.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Mizuho lifted their price target on Paycom Software from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, Citigroup upped their price objective on shares of Paycom Software from $136.00 to $194.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $208.08.

Paycom Software Stock Performance

Paycom Software stock opened at $239.00 on Monday. The company has a market cap of $10.77 billion, a price-to-earnings ratio of 25.40, a price-to-earnings-growth ratio of 1.32 and a beta of 0.75. Paycom Software, Inc. has a 12 month low of $104.90 and a 12 month high of $242.50. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.07 and a quick ratio of 1.07. The stock’s 50-day moving average is $171.24 and its 200-day moving average is $143.59.

Paycom Software (NYSE:PAYC) last issued its earnings results on Wednesday, August 5th. The software maker reported $2.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.38 by $0.40. Paycom Software had a return on equity of 37.06% and a net margin of 22.78%.The business had revenue of $531.20 million during the quarter, compared to analysts’ expectations of $513.12 million. During the same quarter in the previous year, the business earned $2.06 EPS. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. Equities analysts anticipate that Paycom Software, Inc. will post 10.65 earnings per share for the current year.

Paycom Software Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.6%. The ex-dividend date is Monday, August 24th. Paycom Software’s dividend payout ratio is currently 15.94%.

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.