Paycom Software, Inc. $PAYC Shares Sold by Oppenheimer Asset Management Inc.

Key Points

• Oppenheimer Asset Management cut its Paycom stake by 20.6%, selling 19,487 shares and now holding 75,070 shares worth about $11.96M (0.13% of the company); institutional investors own 87.77% of Paycom.
• Multiple analysts have trimmed price targets (e.g., UBS to $183, BTIG to $140, BMO to $137), leaving a consensus rating of Hold with an average target of $168.79.
• Paycom slightly beat quarterly EPS expectations ($2.45 vs. $2.44) with revenue up 10.2% to $544.3M; the stock opened at $131.85, has a market cap of $6.28B, a P/E of 16.3, a 52‑week range of $104.90–$267.76, and pays a $0.375 quarterly dividend (1.1% yield).

Oppenheimer Asset Management Inc. lessened its holdings in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 20.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,070 shares of the software maker's stock after selling 19,487 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.13% of Paycom Software worth $11,963,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. CYBER HORNET ETFs LLC purchased a new stake in shares of Paycom Software during the 2nd quarter worth approximately $29,000. Caitlin John LLC purchased a new stake in shares of Paycom Software during the 3rd quarter worth approximately $29,000. MUFG Securities EMEA plc purchased a new stake in shares of Paycom Software during the 2nd quarter worth approximately $33,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Paycom Software during the 3rd quarter worth approximately $31,000. Finally, True Wealth Design LLC boosted its stake in shares of Paycom Software by 946.7% during the 4th quarter. True Wealth Design LLC now owns 157 shares of the software maker's stock worth $25,000 after acquiring an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PAYC. Weiss Ratings lowered Paycom Software from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, February 3rd. UBS Group reduced their target price on Paycom Software from $210.00 to $183.00 and set a "buy" rating on the stock in a research note on Tuesday, April 21st. BTIG Research reduced their target price 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. KeyCorp reduced their target price on Paycom Software from $250.00 to $195.00 and set an "overweight" rating on the stock in a research note on Thursday, February 12th. Finally, BMO Capital Markets reduced their target price on Paycom Software from $175.00 to $137.00 and set a "market perform" rating on the stock in a research note on Thursday, February 12th. Five research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $168.79.

Paycom Software Stock Performance

Shares of PAYC opened at $131.85 on Friday. The stock has a fifty day moving average of $124.88 and a two-hundred day moving average of $148.37. The company has a market capitalization of $6.28 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 1.34 and a beta of 0.79. Paycom Software, Inc. has a fifty-two week low of $104.90 and a fifty-two week high of $267.76.

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 for the quarter, beating the consensus estimate of $2.44 by $0.01. The company had revenue of $544.30 million during the quarter, compared to the consensus estimate of $542.79 million. Paycom Software had a return on equity of 24.25% and a net margin of 22.10%.Paycom Software's revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.32 EPS. As a group, equities research analysts forecast that Paycom Software, Inc. will post 8.59 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Monday, March 9th were issued a $0.375 dividend. The ex-dividend date was Monday, March 9th. This represents a $1.50 annualized dividend and a yield of 1.1%. Paycom Software's payout ratio is 18.54%.

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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