Algert Global LLC Invests $6.34 Million in Paycom Software, Inc. $PAYC

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

Several other large investors also recently bought and sold shares of the business. CYBER HORNET ETFs LLC purchased a new stake in shares of Paycom Software in the second quarter valued at about $29,000. MUFG Securities EMEA plc purchased a new stake in shares of Paycom Software in the second quarter valued at about $33,000. Brown Brothers Harriman & Co. lifted its holdings in shares of Paycom Software by 190.6% in the fourth 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 in the last quarter. Palisade Asset Management LLC purchased a new position in shares of Paycom Software during the third quarter valued at approximately $33,000. Finally, Clearstead Advisors LLC lifted its stake in shares of 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 buying an additional 94 shares during the period. Hedge funds and other institutional investors own 87.77% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Guggenheim upped their price target on shares of Paycom Software from $180.00 to $225.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Barclays increased their price objective on shares of Paycom Software from $154.00 to $210.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 6th. Cantor Fitzgerald upped their target price on shares of Paycom Software from $135.00 to $195.00 and gave the company a "neutral" rating in a research note on Thursday, August 6th. UBS Group upped their target price on shares of Paycom Software from $205.00 to $285.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, Zacks Research upgraded shares of Paycom Software from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 18th. One 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 data from MarketBeat, Paycom Software has a consensus rating of "Hold" and a consensus target price of $214.23.

Paycom Software Price Performance

Paycom Software stock traded up $6.78 during trading hours on Thursday, hitting $243.03. 28,490 shares of the company traded hands, compared to its average volume of 1,278,218. The firm has a market cap of $10.95 billion, a P/E ratio of 25.96, a P/E/G ratio of 1.32 and a beta of 0.78. 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 firm's 50-day simple moving average is $177.95 and its two-hundred day simple moving average is $146.04. Paycom Software, Inc. has a 1-year low of $104.90 and a 1-year high of $244.98.

Paycom Software (NYSE:PAYC - Get Free Report) last released its earnings results on Wednesday, August 5th. The software maker reported $2.78 EPS for the quarter, beating the consensus estimate 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 net margin of 22.78% and a return on equity of 37.06%. Paycom Software's quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the company earned $2.06 EPS. As a group, analysts forecast that Paycom Software, Inc. will post 10.65 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

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

Insider Activity

In other Paycom Software news, insider Shane Hadlock sold 2,577 shares of the company's stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $237.60, for a total transaction of $612,295.20. Following the completion of the sale, the insider directly owned 70,152 shares of the company's stock, valued at approximately $16,668,115.20. This represents a 3.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 13.20% of the stock is owned by corporate insiders.

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.