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

Quadrature Capital Ltd bought a new stake in Paycom Software, Inc. (NYSE:PAYC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,886 shares of the software maker's stock, valued at approximately $1,837,000.

Other institutional investors have also bought and sold shares of the company. Scout Investments Inc. grew its position in shares of Paycom Software by 311.0% during the 4th quarter. Scout Investments Inc. now owns 116,744 shares of the software maker's stock worth $24,133,000 after buying an additional 88,337 shares during the period. Seven Eight Capital LP boosted its stake in Paycom Software by 442.9% during the fourth quarter. Seven Eight Capital LP now owns 26,791 shares of the software maker's stock worth $5,538,000 after acquiring an additional 21,856 shares in the last quarter. Asahi Life Asset Management CO. LTD. grew its holdings in Paycom Software by 65.0% in the fourth quarter. Asahi Life Asset Management CO. LTD. now owns 1,650 shares of the software maker's stock worth $341,000 after purchasing an additional 650 shares during the period. Pinebridge Investments L.P. increased its stake in Paycom Software by 130.5% in the fourth quarter. Pinebridge Investments L.P. now owns 65,063 shares of the software maker's stock valued at $13,449,000 after purchasing an additional 36,831 shares in the last quarter. Finally, Cibc World Markets Corp raised its holdings in shares of Paycom Software by 137.6% during the fourth quarter. Cibc World Markets Corp now owns 6,461 shares of the software maker's stock valued at $1,336,000 after purchasing an additional 3,742 shares during the period. Institutional investors own 87.77% of the company's stock.

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Analyst Ratings Changes

Several analysts have recently commented on PAYC shares. Mizuho reduced their target price on Paycom Software from $185.00 to $170.00 and set a "neutral" rating for the company in a research note on Monday, May 6th. Barclays decreased their price objective on Paycom Software from $193.00 to $184.00 and set an "equal weight" rating for the company in a report on Thursday, May 2nd. Needham & Company LLC reaffirmed a "hold" rating on shares of Paycom Software in a research report on Thursday, May 2nd. StockNews.com raised shares of Paycom Software from a "hold" rating to a "buy" rating in a research report on Tuesday, May 28th. Finally, Citigroup lowered their price objective on shares of Paycom Software from $196.00 to $193.00 and set a "neutral" rating on the stock in a report on Thursday, May 2nd. Sixteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Paycom Software presently has a consensus rating of "Hold" and an average price target of $246.31.

View Our Latest Analysis on PAYC

Insider Activity at Paycom Software

In related news, CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $179.78, for a total value of $350,571.00. Following the completion of the sale, the chief executive officer now owns 3,090,008 shares of the company's stock, valued at approximately $555,521,638.24. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders have sold 13,650 shares of company stock worth $2,258,724. Insiders own 12.60% of the company's stock.

Paycom Software Price Performance

Shares of Paycom Software stock traded up $0.97 during trading hours on Monday, hitting $146.30. 877,582 shares of the company's stock traded hands, compared to its average volume of 854,716. The stock has a market capitalization of $8.50 billion, a price-to-earnings ratio of 17.70, a PEG ratio of 2.24 and a beta of 1.17. Paycom Software, Inc. has a 12-month low of $142.41 and a 12-month high of $374.04. The company has a fifty day simple moving average of $179.31 and a 200-day simple moving average of $187.70.

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

Paycom Software Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Tuesday, May 28th will be paid a $0.375 dividend. The ex-dividend date is Friday, May 24th. This represents a $1.50 annualized dividend and a yield of 1.03%. Paycom Software's payout ratio is 18.27%.

About Paycom Software

(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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Quadrature Capital Ltd Takes Position in Paycom Software, Inc. (NYSE:PAYC) (3)

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

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