17,800 Shares in Paycom Software, Inc. $PAYC Purchased by Jupiter Topco LLC

Key Points

• Jupiter Topco LLC acquired 17,800 Paycom Software shares worth approximately $2.24 million during the second quarter. Institutional investors and hedge funds collectively own 87.77% of PAYC.
• Analyst sentiment remains mixed, with one Strong Buy, five Buy, and nine Hold ratings; the consensus rating is Hold with a $214.23 price target. PAYC recently traded near its 52-week high at $240.70.
• Paycom exceeded quarterly expectations, reporting $2.78 in EPS and $531.2 million in revenue, up 9.8% year over year. The company also declared a quarterly dividend of $0.375 per share, representing a 0.6% annualized yield.

Jupiter Topco LLC acquired a new position in Paycom Software, Inc. (NYSE:PAYC - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 17,800 shares of the software maker's stock, valued at approximately $2,239,000.

A number of other institutional investors have also recently bought and sold shares of PAYC. Brown Brothers Harriman & Co. increased its holdings in shares of Paycom Software by 190.6% in the 4th quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker's stock valued at $25,000 after purchasing an additional 101 shares during the period. Clearstead Advisors LLC grew its position in Paycom Software by 140.3% during the fourth quarter. Clearstead Advisors LLC now owns 161 shares of the software maker's stock valued at $26,000 after purchasing an additional 94 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in Paycom Software during the second quarter valued at approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Paycom Software during the second quarter valued at approximately $33,000. Finally, MUFG Securities EMEA plc acquired a new position in Paycom Software in the 2nd quarter valued at approximately $33,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Paycom Software

In other news, insider Shane Hadlock sold 241 shares of the firm's stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $240.07, for a total value of $57,856.87. Following the sale, the insider directly owned 69,911 shares of the company's stock, valued at approximately $16,783,533.77. This trade represents a 0.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 13.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

PAYC has been the subject of a number of research reports. Zacks Research raised shares of Paycom Software from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 18th. TD Cowen upped their price target on shares of Paycom Software from $149.00 to $244.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. increased their price objective on Paycom Software from $140.00 to $264.00 and gave the stock a "neutral" rating in a report on Tuesday, August 25th. Barclays increased their price objective on Paycom Software from $154.00 to $210.00 and gave the stock an "equal weight" rating in a report on Thursday, August 6th. Finally, Cantor Fitzgerald boosted their target price on Paycom Software from $135.00 to $195.00 and gave the company a "neutral" rating in a research note on Thursday, August 6th. 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $214.23.

Paycom Software Price Performance

Shares of Paycom Software stock opened at $240.70 on Friday. The firm has a fifty day simple moving average of $180.28 and a 200-day simple moving average of $146.85. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.57. Paycom Software, Inc. has a 1-year low of $104.90 and a 1-year high of $244.98. The stock has a market capitalization of $10.85 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 1.31 and a beta of 0.78.

Paycom Software (NYSE:PAYC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The software maker reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.38 by $0.40. Paycom Software had a net margin of 22.78% and a return on equity of 37.06%. The business had revenue of $531.20 million during the quarter, compared to the consensus estimate of $513.12 million. During the same period in the prior year, the firm earned $2.06 EPS. Paycom Software's quarterly revenue was up 9.8% compared to the same quarter last year. On average, sell-side analysts expect that Paycom Software, Inc. will post 10.65 earnings per share for the current year.

Paycom Software Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Monday, August 24th. Paycom Software's dividend payout ratio is 15.94%.

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.

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