Schaper Benz & Wise Investment Counsel Inc. WI Increases Stock Holdings in Paycom Software, Inc. $PAYC

Key Points

• Schaper Benz & Wise increased its stake in Paycom by 67.4% in Q4 to 41,381 shares, valued at about $6.595 million at quarter-end.
• Institutional ownership is very high at 87.77%, with large managers like Vanguard (5.8M shares), State Street and Baillie Gifford among those adding to positions.
• Paycom trades with a market cap of $6.45B and a P/E of 14.68; it modestly beat the latest quarter's EPS and revenue estimates, reported 10.2% revenue growth year-over-year, pays a $0.375 quarterly dividend (1.3% yield), and has an average analyst rating of "Hold" (target $170.71).

Schaper Benz & Wise Investment Counsel Inc. WI increased its stake in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 67.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,381 shares of the software maker's stock after buying an additional 16,656 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI owned 0.07% of Paycom Software worth $6,595,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of PAYC. Vanguard Group Inc. grew its stake in shares of Paycom Software by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 5,802,788 shares of the software maker's stock worth $1,207,792,000 after acquiring an additional 179,218 shares in the last quarter. State Street Corp raised its holdings in shares of Paycom Software by 2.8% in the third quarter. State Street Corp now owns 2,157,127 shares of the software maker's stock valued at $448,984,000 after purchasing an additional 59,217 shares during the last quarter. Baillie Gifford & Co. lifted its position in shares of Paycom Software by 10.3% during the third quarter. Baillie Gifford & Co. now owns 1,708,662 shares of the software maker's stock valued at $355,641,000 after purchasing an additional 158,967 shares in the last quarter. Invesco Ltd. boosted its holdings in Paycom Software by 9.3% during the third quarter. Invesco Ltd. now owns 1,216,188 shares of the software maker's stock worth $253,137,000 after purchasing an additional 103,801 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Paycom Software by 17.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 633,692 shares of the software maker's stock worth $146,636,000 after purchasing an additional 96,138 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Paycom Software Stock Performance

Shares of PAYC stock opened at $118.74 on Wednesday. The firm has a market cap of $6.45 billion, a price-to-earnings ratio of 14.68, a P/E/G ratio of 1.33 and a beta of 0.80. Paycom Software, Inc. has a 52 week low of $104.90 and a 52 week high of $267.76. The firm's 50-day simple moving average is $131.69 and its two-hundred day simple moving average is $164.57.

Paycom Software (NYSE:PAYC - Get Free Report) last released its earnings results on Wednesday, February 11th. The software maker reported $2.45 earnings per share for the quarter, beating analysts' consensus estimates of $2.44 by $0.01. The firm had revenue of $544.30 million during the quarter, compared to the consensus estimate of $542.79 million. Paycom Software had a net margin of 22.10% and a return on equity of 24.25%. The company's revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.32 EPS. Analysts forecast that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Monday, March 9th were paid a $0.375 dividend. The ex-dividend date was Monday, March 9th. This represents a $1.50 annualized dividend and a dividend yield of 1.3%. Paycom Software's payout ratio is presently 18.54%.

Analyst Upgrades and Downgrades

PAYC has been the subject of several analyst reports. TD Cowen decreased their price objective on shares of Paycom Software from $200.00 to $184.00 and set a "buy" rating for the company in a research note on Thursday, January 8th. Mizuho cut their target price on Paycom Software from $180.00 to $120.00 and set a "neutral" rating on the stock in a research note on Thursday, February 12th. KeyCorp decreased their price target on Paycom Software from $250.00 to $195.00 and set an "overweight" rating for the company in a research report on Thursday, February 12th. Cantor Fitzgerald lifted their price target on Paycom Software from $115.00 to $135.00 and gave the stock a "neutral" rating in a report on Friday, March 6th. Finally, Weiss Ratings cut Paycom Software from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, February 3rd. Five investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $170.71.

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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