Paycom Software, Inc. $PAYC Shares Sold by Marathon Asset Management Ltd

Marathon Asset Management Ltd cut its holdings in Paycom Software, Inc. (NYSE:PAYC) by 7.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 205,170 shares of the software maker’s stock after selling 17,243 shares during the period. Marathon Asset Management Ltd’s holdings in Paycom Software were worth $32,695,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in PAYC. True Wealth Design LLC lifted its holdings in Paycom Software by 946.7% in the fourth quarter. True Wealth Design LLC now owns 157 shares of the software maker’s stock valued at $25,000 after acquiring an additional 142 shares during the last quarter. Caitlin John LLC acquired a new position in Paycom Software in the third quarter valued at approximately $29,000. CYBER HORNET ETFs LLC acquired a new position in Paycom Software in the second quarter valued at approximately $29,000. MUFG Securities EMEA plc acquired a new position in Paycom Software in the second quarter valued at approximately $33,000. Finally, Palisade Asset Management LLC acquired a new position in Paycom Software in the third quarter valued at approximately $33,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Paycom Software Stock Up 1.5%

Paycom Software stock opened at $141.29 on Wednesday. Paycom Software, Inc. has a twelve month low of $104.90 and a twelve month high of $267.76. The stock’s fifty day simple moving average is $126.80 and its 200-day simple moving average is $142.68. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $6.73 billion, a P/E ratio of 16.33, a P/E/G ratio of 1.22 and a beta of 0.77.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings data on Wednesday, May 6th. The software maker reported $3.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.16. Paycom Software had a return on equity of 28.34% and a net margin of 22.44%.The business had revenue of $571.80 million for the quarter, compared to analyst estimates of $564.37 million. During the same quarter in the prior year, the company earned $2.80 earnings per share. The company’s revenue was up 7.8% on a year-over-year basis. As a group, equities analysts expect that Paycom Software, Inc. will post 9.09 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.1%. Paycom Software’s dividend payout ratio is currently 17.34%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. UBS Group decreased their price objective on Paycom Software from $210.00 to $183.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. Guggenheim decreased their price objective on Paycom Software from $210.00 to $180.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Barclays cut their target price on Paycom Software from $150.00 to $148.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 7th. Cantor Fitzgerald boosted their target price on Paycom Software from $115.00 to $135.00 and gave the company a “neutral” rating in a research report on Friday, March 6th. Finally, Zacks Research raised Paycom Software from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 18th. Five research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Paycom Software has a consensus rating of “Hold” and an average price target of $159.67.

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.