Fundsmith LLP Has $12.66 Million Position in Paycom Software, Inc. $PAYC

Fundsmith LLP lessened its stake in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 54.1% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 100,763 shares of the software maker's stock after selling 118,694 shares during the quarter. Fundsmith LLP owned about 0.22% of Paycom Software worth $12,664,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of 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 worth $25,000 after purchasing an additional 101 shares in the last quarter. Clearstead Advisors LLC boosted its stake in shares of Paycom Software by 140.3% in the 4th quarter. Clearstead Advisors LLC now owns 161 shares of the software maker's stock valued at $26,000 after purchasing an additional 94 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Paycom Software in the 2nd quarter valued at $29,000. Caitlin John LLC bought a new stake in shares of Paycom Software in the 2nd quarter valued at $31,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Paycom Software in the 2nd quarter valued at $33,000. Institutional investors and hedge funds own 87.77% of the company's stock.

Insider Buying and Selling at Paycom Software

In other news, insider Terrell Shane Hadlock sold 2,577 shares of the stock in a transaction that occurred on 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 transaction, the insider directly owned 70,152 shares of the company's stock, valued at $16,668,115.20. This represents a 3.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 13.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on PAYC shares. Citigroup upped their price objective on shares of Paycom Software from $136.00 to $194.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. TD Cowen upped their price objective on shares of Paycom Software from $149.00 to $244.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Weiss Ratings raised shares of Paycom Software from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. upped their price objective on shares of Paycom Software from $140.00 to $264.00 and gave the company a "neutral" rating in a research note on Tuesday, August 25th. Finally, Stifel Nicolaus increased their target price on shares of Paycom Software from $120.00 to $200.00 and gave the stock a "hold" rating in a research note on Thursday, August 6th. One equities 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $214.23.

Paycom Software Stock Down 1.0%

PAYC traded down $2.47 during trading on Wednesday, hitting $235.49. 606,210 shares of the company's stock were exchanged, compared to its average volume of 1,285,655. 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 business's 50 day moving average is $175.79 and its two-hundred day moving average is $145.23. Paycom Software, Inc. has a fifty-two week low of $104.90 and a fifty-two week high of $243.28. The stock has a market cap of $10.61 billion, a P/E ratio of 25.03, a PEG ratio of 1.33 and a beta of 0.78.

Paycom Software (NYSE:PAYC - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The software maker reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.38 by $0.40. The firm had revenue of $531.20 million for the quarter, compared to the consensus estimate of $513.12 million. Paycom Software had a net margin of 22.78% and a return on equity of 37.06%. The business's revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.06 earnings per share. As a group, equities analysts expect that Paycom Software, Inc. will post 10.65 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

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

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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