Aware Super Pty Ltd as trustee of Aware Super Purchases New Position in Paycom Software, Inc. $PAYC

Key Points

• Aware Super bought a new position in Paycom Software (NYSE: PAYC) during the first quarter, purchasing 100,422 shares valued at about $12.2 million.
• Paycom’s latest quarterly results topped expectations, with EPS of $3.15 versus the $2.99 estimate and revenue of $571.8 million, up 7.8% year over year.
• Wall Street remains cautiously positive on the stock: analysts have a Moderate Buy consensus with an average price target of $159.25, while the shares recently traded at $148.44.

Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 100,422 shares of the software maker's stock, valued at approximately $12,205,000. Aware Super Pty Ltd as trustee of Aware Super owned 0.21% of Paycom Software at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. State Street Corp raised its position in shares of Paycom Software by 0.4% in the fourth quarter. State Street Corp now owns 2,165,546 shares of the software maker's stock valued at $345,101,000 after buying an additional 8,419 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Paycom Software by 19.9% in the 4th quarter. First Trust Advisors LP now owns 1,665,529 shares of the software maker's stock valued at $265,419,000 after purchasing an additional 275,954 shares during the last quarter. Invesco Ltd. boosted its stake in Paycom Software by 28.2% during the fourth quarter. Invesco Ltd. now owns 1,559,682 shares of the software maker's stock worth $248,551,000 after buying an additional 343,494 shares during the period. Federated Hermes Inc. boosted its position in shares of Paycom Software by 12.7% during the 4th quarter. Federated Hermes Inc. now owns 624,371 shares of the software maker's stock worth $99,500,000 after purchasing an additional 70,208 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of Paycom Software by 29.8% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 604,090 shares of the software maker's stock valued at $96,878,000 after buying an additional 138,795 shares during the period. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Paycom Software Stock Performance

Shares of Paycom Software stock opened at $148.44 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market capitalization of $7.07 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 1.28 and a beta of 0.80. The firm has a fifty day moving average of $135.96 and a two-hundred day moving average of $133.78. Paycom Software, Inc. has a 52 week low of $104.90 and a 52 week high of $248.95.

Paycom Software (NYSE:PAYC - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The software maker reported $3.15 earnings per share for the quarter, beating analysts' consensus estimates of $2.99 by $0.16. The business had revenue of $571.80 million for the quarter, compared to the consensus estimate of $564.37 million. Paycom Software had a net margin of 22.44% and a return on equity of 28.34%. Paycom Software's revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the company posted $2.80 EPS. As a group, equities research analysts predict that Paycom Software, Inc. will post 9.32 EPS for the current year.

Paycom Software Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Tuesday, May 26th. Paycom Software's dividend payout ratio is 17.34%.

Wall Street Analysts Forecast Growth

PAYC has been the subject of a number of recent research reports. Citigroup lifted their price target on shares of Paycom Software from $120.00 to $136.00 and gave the stock a "neutral" rating in a research note on Thursday, May 7th. BMO Capital Markets lifted their price target on Paycom Software from $137.00 to $145.00 and gave the stock a "market perform" rating in a research report on Thursday, May 7th. Barclays reduced their target price on shares of Paycom Software from $150.00 to $148.00 and set an "equal weight" rating for the company in a report on Thursday, May 7th. BTIG Research increased their price target on Paycom Software from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, May 7th. Finally, Weiss Ratings upgraded Paycom Software from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $159.25.

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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