Aurora Investment Counsel Acquires Shares of 10,232 Paycom Software, Inc. $PAYC

Key Points

• Aurora Investment Counsel acquired 10,232 Paycom Software shares during the second quarter, worth approximately $1.286 million. Institutional investors collectively own 87.77% of Paycom’s outstanding stock.
• Paycom reported quarterly EPS of $2.78, beating estimates of $2.38, while revenue reached $531.2 million, up 9.8% year over year and above expectations.
• Analysts raised their price targets following the results, but the consensus rating remains “Hold”, with an average target of $204.69 versus the stock’s reported $221.84 price.

Aurora Investment Counsel bought a new position in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 10,232 shares of the software maker's stock, valued at approximately $1,286,000.

Other institutional investors have also added to or reduced their stakes in the company. Brown Brothers Harriman & Co. increased its position in Paycom Software by 190.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker's stock valued at $25,000 after buying an additional 101 shares in the last quarter. Clearstead Advisors LLC raised its stake in Paycom Software by 140.3% in 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 last quarter. CYBER HORNET ETFs LLC acquired a new stake in Paycom Software in the second quarter worth about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Paycom Software during the second quarter worth about $33,000. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Paycom Software during the second quarter worth about $33,000. Hedge funds and other institutional investors own 87.77% of the company's stock.

Paycom Software Stock Up 2.8%

Paycom Software stock opened at $221.84 on Thursday. 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 stock has a market capitalization of $10.00 billion, a PE ratio of 23.57, a price-to-earnings-growth ratio of 1.20 and a beta of 0.76. The business has a 50 day simple moving average of $156.82 and a 200-day simple moving average of $138.58. Paycom Software, Inc. has a 12 month low of $104.90 and a 12 month high of $234.60.

Paycom Software (NYSE:PAYC - Get Free Report) last announced its earnings results on Wednesday, August 5th. The software maker reported $2.78 earnings per share (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 analyst estimates of $513.12 million. Paycom Software had a return on equity of 37.06% and a net margin of 22.78%.The business's revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.06 EPS. On average, analysts anticipate that Paycom Software, Inc. will post 10.68 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The business also recently declared 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 dividend yield of 0.7%. The ex-dividend date is Monday, August 24th. Paycom Software's dividend payout ratio is 15.94%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. BTIG Research upped their price objective on shares of Paycom Software from $160.00 to $230.00 and gave the company a "buy" rating in a report on Thursday, August 6th. BMO Capital Markets raised their target price on shares of Paycom Software from $145.00 to $208.00 and gave the stock a "market perform" rating in a report on Thursday, August 6th. Barclays boosted their target price on shares of Paycom Software from $154.00 to $210.00 and gave the company an "equal weight" rating in a research report on Thursday, August 6th. Cantor Fitzgerald increased their price target on Paycom Software from $135.00 to $195.00 and gave the stock a "neutral" rating in a research report on Thursday, August 6th. Finally, Stifel Nicolaus increased their price target on Paycom Software from $120.00 to $200.00 and gave the stock a "hold" rating in a research 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's stock. According to MarketBeat, Paycom Software has an average rating of "Hold" and a consensus price target of $204.69.

About Paycom Software

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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