Vest Financial LLC Trims Position in Paycom Software, Inc. $PAYC

Vest Financial LLC decreased its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 29.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,904 shares of the software maker’s stock after selling 50,249 shares during the quarter. Vest Financial LLC owned approximately 0.21% of Paycom Software worth $25,581,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in PAYC. Jennison Associates LLC purchased a new position in shares of Paycom Software during the second quarter worth approximately $49,853,000. Vanguard Group Inc. grew its stake in Paycom Software by 3.0% in the second quarter. Vanguard Group Inc. now owns 5,623,570 shares of the software maker’s stock worth $1,301,294,000 after purchasing an additional 165,647 shares in the last quarter. State Street Corp increased its holdings in Paycom Software by 8.4% during the 2nd quarter. State Street Corp now owns 2,097,910 shares of the software maker’s stock worth $485,456,000 after purchasing an additional 162,477 shares during the period. SG Americas Securities LLC increased its holdings in Paycom Software by 5,691.0% during the 2nd quarter. SG Americas Securities LLC now owns 155,489 shares of the software maker’s stock worth $35,980,000 after purchasing an additional 152,804 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in Paycom Software by 17.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 633,692 shares of the software maker’s stock valued at $146,636,000 after purchasing an additional 96,138 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on PAYC shares. JPMorgan Chase & Co. dropped their price target on Paycom Software from $235.00 to $220.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Zacks Research raised shares of Paycom Software from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 20th. Guggenheim began coverage on shares of Paycom Software in a report on Friday, September 26th. They set a “buy” rating and a $270.00 target price on the stock. BTIG Research initiated coverage on shares of Paycom Software in a research report on Wednesday, December 17th. They set a “buy” rating and a $195.00 target price on the stock. Finally, Mizuho lowered their price target on shares of Paycom Software from $220.00 to $180.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $212.14.

Insider Activity

In related news, CFO Robert D. Foster sold 1,300 shares of the business’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $162.66, for a total value of $211,458.00. Following the sale, the chief financial officer directly owned 14,747 shares in the company, valued at approximately $2,398,747.02. The trade was a 8.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 10.90% of the company’s stock.

Paycom Software Trading Up 1.1%

Shares of NYSE:PAYC opened at $149.13 on Thursday. Paycom Software, Inc. has a 12-month low of $145.61 and a 12-month high of $267.76. The business has a 50 day moving average of $160.09 and a two-hundred day moving average of $195.25. The company has a market capitalization of $8.39 billion, a PE ratio of 18.55, a PEG ratio of 1.51 and a beta of 0.82.

Paycom Software (NYSE:PAYC) last posted its earnings results on Wednesday, November 5th. The software maker reported $1.94 earnings per share for the quarter, missing the consensus estimate of $1.96 by ($0.02). Paycom Software had a net margin of 22.65% and a return on equity of 24.79%. The firm had revenue of $493.30 million for the quarter, compared to analysts’ expectations of $492.62 million. During the same period last year, the firm earned $1.67 earnings per share. Paycom Software’s revenue for the quarter was up 9.2% compared to the same quarter last year. Equities 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 disclosed a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, November 24th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, November 24th. Paycom Software’s dividend payout ratio (DPR) is presently 18.66%.

About Paycom Software

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.