77,152 Shares in Paycom Software, Inc. $PAYC Purchased by Man Group plc

by · The Markets Daily

Man Group plc purchased a new position in Paycom Software, Inc. (NYSE:PAYC – Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 77,152 shares of the software maker’s stock, valued at approximately $9,696,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Fluent Financial LLC acquired a new position in shares of Paycom Software during the 2nd quarter worth approximately $2,439,000. Principal Financial Group Inc. grew its stake in Paycom Software by 290.5% in the 1st quarter. Principal Financial Group Inc. now owns 243,762 shares of the software maker’s stock valued at $29,627,000 after acquiring an additional 181,346 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Paycom Software by 1,151.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 170,854 shares of the software maker’s stock valued at $27,227,000 after acquiring an additional 157,201 shares during the period. Janus Henderson Group PLC increased its holdings in Paycom Software by 467.2% in the 1st quarter. Janus Henderson Group PLC now owns 23,200 shares of the software maker’s stock worth $2,819,000 after acquiring an additional 19,110 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab purchased a new stake in Paycom Software in the 4th quarter worth $8,376,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Paycom Software Stock Up 0.8%

Shares of NYSE:PAYC opened at $239.00 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.57. The business has a fifty day moving average of $171.24 and a two-hundred day moving average of $143.49. The stock has a market cap of $10.77 billion, a P/E ratio of 25.40, a PEG ratio of 1.32 and a beta of 0.76. Paycom Software, Inc. has a 52-week low of $104.90 and a 52-week high of $242.50.

Paycom Software (NYSE:PAYC – Get Free Report) 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 the consensus estimate of $513.12 million. During the same period last year, the company earned $2.06 EPS. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, research analysts expect that Paycom Software, Inc. will post 10.65 earnings per share for the current year.

Paycom Software Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be given a dividend of $0.375 per share. 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 (DPR) is presently 15.94%.

Analysts Set New Price Targets

A number of research firms have weighed in on PAYC. BTIG Research upped their price objective on shares of Paycom Software from $160.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Citigroup lifted their target price on shares of Paycom Software from $136.00 to $194.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Guggenheim boosted their target price on shares of Paycom Software from $180.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Weiss Ratings upgraded shares of Paycom Software from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Finally, JPMorgan Chase & Co. raised their price target on shares of Paycom Software from $140.00 to $264.00 and gave the company a “neutral” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $208.08.

Read Our Latest Analysis on Paycom Software

About Paycom Software

(Free Report)

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.

See Also

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