50,480 Shares in Paycom Software, Inc. $PAYC Purchased by Algert Global LLC

Key Points

• Algert Global LLC acquired 50,480 Paycom shares during the second quarter, valued at approximately $6.34 million and representing about 0.11% of the company. Institutional investors collectively own 87.77% of Paycom.
• Paycom exceeded quarterly expectations, reporting $2.78 in EPS versus the $2.38 consensus and $531.2 million in revenue, up 9.8% year over year. The company also declared a quarterly dividend of $0.375, equal to a 0.6% annualized yield.
• Analysts maintain a generally cautious outlook, with a consensus “Hold” rating and average price target of $208.08, below the stock’s reported opening price of $231.79.

Algert Global LLC acquired a new position in Paycom Software, Inc. (NYSE:PAYC - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 50,480 shares of the software maker's stock, valued at approximately $6,344,000. Algert Global LLC owned approximately 0.11% of Paycom Software as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Brown Brothers Harriman & Co. raised its position in Paycom Software by 190.6% in the fourth quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker's stock worth $25,000 after acquiring an additional 101 shares during the period. Clearstead Advisors LLC grew its holdings 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 during the period. CYBER HORNET ETFs LLC purchased a new stake in Paycom Software in the 2nd quarter worth approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Paycom Software during the 2nd quarter valued at $33,000. Finally, MUFG Securities EMEA plc bought a new stake in Paycom Software during the second quarter valued at about $33,000. Hedge funds and other institutional investors own 87.77% of the company's stock.

Paycom Software Trading Up 0.0%

NYSE PAYC opened at $231.79 on Thursday. Paycom Software, Inc. has a 1 year low of $104.90 and a 1 year high of $233.46. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market capitalization of $10.45 billion, a PE ratio of 24.63, a P/E/G ratio of 1.31 and a beta of 0.76. The company has a fifty day moving average of $166.68 and a 200 day moving average of $142.06.

Paycom Software (NYSE:PAYC - Get Free Report) last posted its earnings results on Wednesday, August 5th. The software maker reported $2.78 EPS for the quarter, beating analysts' consensus estimates of $2.38 by $0.40. The firm had revenue of $531.20 million for the quarter, compared to analysts' expectations of $513.12 million. Paycom Software had a return on equity of 37.06% and a net margin of 22.78%.The company's quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the firm earned $2.06 EPS. Research analysts forecast that Paycom Software, Inc. will post 10.48 earnings per share for the current year.

Paycom Software Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Stifel Nicolaus boosted their target price on shares of Paycom Software from $120.00 to $200.00 and gave the stock a "hold" rating in a report on Thursday, August 6th. Weiss Ratings raised Paycom Software from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Barclays boosted their price target on shares of Paycom Software from $154.00 to $210.00 and gave the company an "equal weight" rating in a report on Thursday, August 6th. BMO Capital Markets raised their price objective on Paycom Software from $145.00 to $208.00 and gave the company a "market perform" rating in a research report on Thursday, August 6th. Finally, Cantor Fitzgerald lifted their price target on shares of Paycom Software from $135.00 to $195.00 and gave the stock a "neutral" rating in a report on Thursday, August 6th. One investment 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. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $208.08.

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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