Vanguard Group Inc. Has $1.30 Billion Holdings in Paycom Software, Inc. $PAYC

Vanguard Group Inc. boosted its stake in Paycom Software, Inc. (NYSE:PAYC) by 3.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,623,570 shares of the software maker’s stock after purchasing an additional 165,647 shares during the quarter. Vanguard Group Inc. owned about 9.72% of Paycom Software worth $1,301,294,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PAYC. Dorsey & Whitney Trust CO LLC increased its stake in shares of Paycom Software by 6.2% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 2,803 shares of the software maker’s stock valued at $649,000 after acquiring an additional 163 shares during the last quarter. Johnson Financial Group LLC bought a new stake in Paycom Software in the second quarter valued at approximately $5,785,000. Nomura Asset Management Co. Ltd. raised its holdings in Paycom Software by 11.2% in the second quarter. Nomura Asset Management Co. Ltd. now owns 16,955 shares of the software maker’s stock worth $3,923,000 after purchasing an additional 1,707 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of Paycom Software by 6.5% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 387,592 shares of the software maker’s stock worth $89,689,000 after purchasing an additional 23,643 shares in the last quarter. Finally, MTM Investment Management LLC grew its holdings in shares of Paycom Software by 26.5% in the 2nd quarter. MTM Investment Management LLC now owns 2,957 shares of the software maker’s stock valued at $684,000 after buying an additional 620 shares during the period. Institutional investors own 87.77% of the company’s stock.

Paycom Software Stock Performance

NYSE:PAYC opened at $161.90 on Friday. The stock has a 50-day simple moving average of $194.05 and a 200 day simple moving average of $221.92. Paycom Software, Inc. has a 52-week low of $156.50 and a 52-week high of $267.76. The company has a market cap of $9.11 billion, a PE ratio of 20.14, a PEG ratio of 1.76 and a beta of 0.88.

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Wednesday, November 5th. The software maker reported $1.94 earnings per share 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 firm had revenue of $493.30 million for the quarter, compared to analyst estimates of $492.62 million. During the same period last year, the company earned $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, research analysts predict that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 8th. Shareholders of record on Monday, November 24th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.9%. The ex-dividend date is Monday, November 24th. Paycom Software’s payout ratio is presently 18.66%.

Wall Street Analyst Weigh In

PAYC has been the topic of several recent analyst reports. KeyCorp reduced their target price on Paycom Software from $290.00 to $250.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. UBS Group dropped their price target on Paycom Software from $285.00 to $245.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Barclays cut their price objective on Paycom Software from $225.00 to $210.00 and set an “equal weight” rating on the stock in a report on Thursday, November 6th. Cantor Fitzgerald raised Paycom Software to a “hold” rating in a research note on Thursday, September 11th. Finally, Mizuho cut their price target on shares of Paycom Software from $220.00 to $180.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Four analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, Paycom Software currently has an average rating of “Hold” and an average price target of $225.77.

Insider Buying and Selling

In other news, insider Bradley Scott Smith sold 1,500 shares of the 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 completion of the transaction, the insider directly owned 24,533 shares in the company, valued at $5,477,482.91. This represents a 5.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 10.90% of the stock is owned by company insiders.

Paycom Software 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.