Quadrature Capital Ltd Takes Position in Paycom Software, Inc. (NYSE:PAYC) (2024)

Posted by Defense World Staff on Jun 10th, 2024

Quadrature Capital Ltd purchased a new position in shares of Paycom Software, Inc. (NYSE:PAYC – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,886 shares of the software maker’s stock, valued at approximately $1,837,000.

Several other institutional investors also recently modified their holdings of PAYC. Avantax Advisory Services Inc. boosted its position in shares of Paycom Software by 10.9% during the 3rd quarter. Avantax Advisory Services Inc. now owns 1,831 shares of the software maker’s stock valued at $475,000 after purchasing an additional 180 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Paycom Software by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 289,836 shares of the software maker’s stock valued at $75,146,000 after acquiring an additional 8,098 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Paycom Software by 5.3% in the 3rd quarter. Van ECK Associates Corp now owns 12,124 shares of the software maker’s stock worth $3,143,000 after buying an additional 605 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in Paycom Software by 10.3% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 2,745 shares of the software maker’s stock valued at $712,000 after purchasing an additional 256 shares during the last quarter. Finally, Pathstone Family Office LLC increased its holdings in Paycom Software by 19.9% in the 3rd quarter. Pathstone Family Office LLC now owns 2,614 shares of the software maker’s stock worth $678,000 after acquiring an additional 433 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Paycom Software Stock Up 0.1 %

Shares of PAYC opened at $145.33 on Monday. Paycom Software, Inc. has a twelve month low of $142.73 and a twelve month high of $374.04. The company has a market capitalization of $8.45 billion, a P/E ratio of 17.70, a price-to-earnings-growth ratio of 2.24 and a beta of 1.17. The firm has a 50 day moving average of $179.31 and a 200 day moving average of $187.70.

Paycom Software (NYSE:PAYC – Get Free Report) last posted its earnings results on Wednesday, May 1st. The software maker reported $4.25 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $2.29. Paycom Software had a return on equity of 32.84% and a net margin of 26.91%. The business had revenue of $499.88 million during the quarter, compared to analyst estimates of $495.89 million. On average, sell-side analysts expect that Paycom Software, Inc. will post 6.26 EPS for the current year.

Paycom Software Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Tuesday, May 28th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Friday, May 24th. Paycom Software’s dividend payout ratio (DPR) is 18.27%.

Insider Buying and Selling at Paycom Software

In other news, CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $180.82, for a total transaction of $352,599.00. Following the completion of the transaction, the chief executive officer now directly owns 3,091,958 shares of the company’s stock, valued at $559,087,845.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have sold 13,650 shares of company stock worth $2,258,724. Company insiders own 12.60% of the company’s stock.

Analyst Upgrades and Downgrades

PAYC has been the topic of a number of analyst reports. Barclays decreased their price objective on Paycom Software from $193.00 to $184.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 2nd. Needham & Company LLC reissued a “hold” rating on shares of Paycom Software in a report on Thursday, May 2nd. StockNews.com raised Paycom Software from a “hold” rating to a “buy” rating in a research note on Tuesday, May 28th. BMO Capital Markets decreased their target price on shares of Paycom Software from $200.00 to $190.00 and set a “market perform” rating on the stock in a research note on Thursday, May 2nd. Finally, William Blair reaffirmed a “market perform” rating on shares of Paycom Software in a research report on Thursday, May 2nd. Sixteen investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $246.31.

View Our Latest Report on PAYC

Paycom Software Profile

(Free Report)

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.

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