American Century Companies Inc. Sells 47,292 Shares of Paycom Software, Inc. $PAYC

Key Points

• American Century Companies reduced its Paycom stake by 41%, selling 47,292 shares and ending the quarter with 67,927 shares valued at about $14.14 million (≈0.12% ownership).
• Other institutions moved in the opposite direction: Allianz Asset Management bought 482,186 shares to hold 486,957 shares, Vanguard now owns 5.80 million shares (~$1.21 billion), and overall institutional ownership is about 87.8%.
• Paycom recently beat EPS and revenue estimates with revenue up 10.2%, the stock traded near $130.36 (down ~1.2%), the company declared a $0.375 quarterly dividend ($1.50 annual, 1.2% yield), and analysts' consensus rating is Hold with a $170.71 target.

American Century Companies Inc. lowered its holdings in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 41.0% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 67,927 shares of the software maker's stock after selling 47,292 shares during the period. American Century Companies Inc. owned about 0.12% of Paycom Software worth $14,138,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Allianz Asset Management GmbH increased its position in Paycom Software by 10,106.6% during the 3rd quarter. Allianz Asset Management GmbH now owns 486,957 shares of the software maker's stock worth $101,355,000 after purchasing an additional 482,186 shares in the last quarter. Vanguard Group Inc. boosted its position in Paycom Software by 3.2% in the third quarter. Vanguard Group Inc. now owns 5,802,788 shares of the software maker's stock valued at $1,207,792,000 after buying an additional 179,218 shares in the last quarter. State Street Corp grew its stake in shares of Paycom Software by 8.4% during the second quarter. State Street Corp now owns 2,097,910 shares of the software maker's stock worth $485,456,000 after buying an additional 162,477 shares during the last quarter. Baillie Gifford & Co. increased its holdings in shares of Paycom Software by 10.3% during the third quarter. Baillie Gifford & Co. now owns 1,708,662 shares of the software maker's stock worth $355,641,000 after buying an additional 158,967 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Paycom Software by 5,691.0% during the second quarter. SG Americas Securities LLC now owns 155,489 shares of the software maker's stock worth $35,980,000 after buying an additional 152,804 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

Paycom Software Stock Down 1.2%

Shares of NYSE:PAYC opened at $130.36 on Thursday. The firm has a market cap of $7.08 billion, a P/E ratio of 16.11, a P/E/G ratio of 1.39 and a beta of 0.80. Paycom Software, Inc. has a 12-month low of $104.90 and a 12-month high of $267.76. The business has a fifty day simple moving average of $137.47 and a 200 day simple moving average of $171.34.

Paycom Software (NYSE:PAYC - Get Free Report) last released its quarterly earnings results on Wednesday, February 11th. The software maker reported $2.45 EPS for the quarter, beating analysts' consensus estimates of $2.44 by $0.01. The firm had revenue of $544.30 million for the quarter, compared to analyst estimates of $542.79 million. Paycom Software had a return on equity of 24.25% and a net margin of 22.10%.The business's revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.32 EPS. As a group, equities research analysts expect that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Monday, March 9th will be given a $0.375 dividend. The ex-dividend date is Monday, March 9th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.2%. Paycom Software's payout ratio is 18.54%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Mizuho cut their price objective on Paycom Software from $180.00 to $120.00 and set a "neutral" rating on the stock in a report on Thursday, February 12th. KeyCorp dropped their target price on Paycom Software from $250.00 to $195.00 and set an "overweight" rating for the company in a research report on Thursday, February 12th. TD Cowen cut their price target on Paycom Software from $200.00 to $184.00 and set a "buy" rating on the stock in a research note on Thursday, January 8th. BMO Capital Markets reduced their price target on Paycom Software from $175.00 to $137.00 and set a "market perform" rating on the stock in a report on Thursday, February 12th. Finally, Jefferies Financial Group lowered their price objective on Paycom Software from $190.00 to $130.00 and set a "hold" rating for the company in a research note on Thursday, February 12th. Five research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $170.71.

Paycom Software 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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