Paycom Software, Inc. $PAYC Holdings Cut by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp reduced its stake in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 12.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 129,108 shares of the software maker's stock after selling 18,123 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.23% of Paycom Software worth $20,575,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in PAYC. Allianz Asset Management GmbH grew its holdings 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 acquiring an additional 482,186 shares during the last quarter. Dillon & Associates Inc. lifted its holdings in shares of Paycom Software by 10.9% during the third quarter. Dillon & Associates Inc. now owns 68,153 shares of the software maker's stock worth $14,176,000 after purchasing an additional 6,696 shares during the period. Baader Bank Aktiengesellschaft grew its stake in shares of Paycom Software by 37.1% in the third quarter. Baader Bank Aktiengesellschaft now owns 60,390 shares of the software maker's stock worth $12,570,000 after purchasing an additional 16,357 shares during the last quarter. Rakuten Investment Management Inc. acquired a new stake in Paycom Software in the third quarter valued at $15,432,000. Finally, Sienna Gestion acquired a new stake in Paycom Software in the third quarter valued at $4,515,000. 87.77% of the stock is owned by institutional investors.

Paycom Software Price Performance

Shares of Paycom Software stock opened at $126.56 on Friday. The stock's 50-day moving average is $124.88 and its 200 day moving average is $148.37. Paycom Software, Inc. has a one year low of $104.90 and a one year high of $267.76. The firm has a market cap of $6.03 billion, a price-to-earnings ratio of 15.64, a PEG ratio of 1.35 and a beta of 0.79.

Paycom Software (NYSE:PAYC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 11th. The software maker reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company's revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.32 earnings per share. On average, sell-side analysts expect that Paycom Software, Inc. will post 8.59 EPS for the current fiscal year.

Paycom Software Announces Dividend

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

Analysts Set New Price Targets

PAYC has been the topic of several recent research reports. Guggenheim cut their target price on Paycom Software from $210.00 to $180.00 and set a "buy" rating on the stock in a report on Thursday, February 12th. BTIG Research cut their price objective on Paycom Software from $195.00 to $140.00 and set a "buy" rating on the stock in a research note on Thursday, February 12th. Citigroup reduced their target price on Paycom Software from $185.00 to $128.00 and set a "neutral" rating on the stock in a report on Friday, February 13th. Mizuho lowered their price target on shares of Paycom Software from $180.00 to $120.00 and set a "neutral" rating for the company in a report on Thursday, February 12th. Finally, BMO Capital Markets dropped their price target on shares of Paycom Software from $175.00 to $137.00 and set a "market perform" rating on the stock in a research report 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's stock. According to MarketBeat.com, Paycom Software has a consensus rating of "Hold" and an average target price of $168.79.

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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