Swedbank AB Has $2.89 Million Stock Holdings in Paycom Software, Inc. $PAYC

Swedbank AB decreased its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 64.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 23,800 shares of the software maker’s stock after selling 43,224 shares during the quarter. Swedbank AB’s holdings in Paycom Software were worth $2,893,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. State Street Corp boosted its holdings in shares of Paycom Software by 0.4% during the fourth quarter. State Street Corp now owns 2,165,546 shares of the software maker’s stock worth $345,101,000 after acquiring an additional 8,419 shares during the period. First Trust Advisors LP lifted its holdings in Paycom Software by 19.9% during the 4th quarter. First Trust Advisors LP now owns 1,665,529 shares of the software maker’s stock worth $265,419,000 after purchasing an additional 275,954 shares during the last quarter. Invesco Ltd. boosted its stake in Paycom Software by 28.2% in the 4th quarter. Invesco Ltd. now owns 1,559,682 shares of the software maker’s stock valued at $248,551,000 after purchasing an additional 343,494 shares during the period. Federated Hermes Inc. grew its holdings in Paycom Software by 12.7% in the 4th quarter. Federated Hermes Inc. now owns 624,371 shares of the software maker’s stock valued at $99,500,000 after buying an additional 70,208 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in Paycom Software by 29.8% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 604,090 shares of the software maker’s stock valued at $96,878,000 after buying an additional 138,795 shares in the last quarter. 87.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PAYC has been the topic of several research reports. Zacks Research upgraded shares of Paycom Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. Mizuho boosted their price objective on shares of Paycom Software from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. UBS Group decreased their target price on shares of Paycom Software from $210.00 to $183.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. TD Cowen lowered their target price on shares of Paycom Software from $154.00 to $149.00 and set a “buy” rating on the stock in a report on Friday, June 26th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Paycom Software in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Paycom Software presently has a consensus rating of “Hold” and a consensus price target of $159.25.

Paycom Software Price Performance

NYSE PAYC traded down $0.40 during trading on Friday, hitting $139.16. 560,175 shares of the company’s stock were exchanged, compared to its average volume of 1,061,893. 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 company has a market cap of $6.63 billion, a PE ratio of 16.09, a P/E/G ratio of 1.19 and a beta of 0.80. Paycom Software, Inc. has a fifty-two week low of $104.90 and a fifty-two week high of $248.95. The stock’s 50 day moving average price is $134.48 and its two-hundred day moving average price is $134.29.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Wednesday, May 6th. The software maker reported $3.15 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.16. The company had revenue of $571.80 million for the quarter, compared to the consensus estimate of $564.37 million. Paycom Software had a return on equity of 28.34% and a net margin of 22.44%.Paycom Software’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the business posted $2.80 EPS. Research analysts expect that Paycom Software, Inc. will post 9.32 EPS for the current year.

Paycom Software Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th were given a $0.375 dividend. The ex-dividend date was Tuesday, May 26th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.1%. Paycom Software’s payout ratio is 17.34%.

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.