Federated Hermes Inc. Has $71,000 Holdings in Paycom Software, Inc. (NYSE:PAYC)

Federated Hermes Inc. lessened its position in Paycom Software, Inc. (NYSE:PAYC) by 89.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 343 shares of the software maker’s stock after selling 2,950 shares during the quarter. Federated Hermes Inc.’s holdings in Paycom Software were worth $71,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PAYC. Cary Street Partners Investment Advisory LLC increased its holdings in shares of Paycom Software by 83.5% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 156 shares of the software maker’s stock valued at $40,000 after purchasing an additional 71 shares during the period. Headlands Technologies LLC purchased a new stake in Paycom Software in the 3rd quarter worth approximately $52,000. Operose Advisors LLC acquired a new stake in shares of Paycom Software during the 3rd quarter valued at $55,000. Rakuten Securities Inc. purchased a new position in shares of Paycom Software during the 4th quarter valued at $62,000. Finally, Clearstead Advisors LLC raised its holdings in shares of Paycom Software by 2,536.8% during the third quarter. Clearstead Advisors LLC now owns 501 shares of the software maker’s stock worth $130,000 after acquiring an additional 482 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Paycom Software Trading Up 1.8 %

Shares of NYSE PAYC opened at $174.44 on Tuesday. Paycom Software, Inc. has a one year low of $146.15 and a one year high of $374.04. The firm has a market capitalization of $10.14 billion, a price-to-earnings ratio of 21.25, a PEG ratio of 2.84 and a beta of 1.17. The business has a fifty day simple moving average of $189.23 and a 200 day simple moving average of $192.74.

Paycom Software (NYSE:PAYC) last issued its earnings results on Wednesday, February 7th. The software maker reported $1.93 EPS for the quarter, beating the consensus estimate of $1.78 by $0.15. Paycom Software had a net margin of 26.91% and a return on equity of 32.84%. The company had revenue of $434.60 million for the quarter, compared to the consensus estimate of $422.50 million. During the same quarter in the previous year, the company earned $1.38 EPS. The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. On average, research analysts anticipate that Paycom Software, Inc. will post 5.82 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Tuesday, May 28th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Friday, May 24th. This represents a $1.50 annualized dividend and a yield of 0.86%. Paycom Software’s dividend payout ratio (DPR) is 18.27%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. StockNews.com raised Paycom Software from a “hold” rating to a “buy” rating in a research report on Friday. BMO Capital Markets cut their price objective on shares of Paycom Software from $200.00 to $190.00 and set a “market perform” rating on the stock in a research report on Thursday, May 2nd. Citigroup reduced their target price on shares of Paycom Software from $196.00 to $193.00 and set a “neutral” rating for the company in a research note on Thursday, May 2nd. William Blair restated a “market perform” rating on shares of Paycom Software in a research note on Thursday, May 2nd. Finally, Barclays reduced their price objective on shares of Paycom Software from $193.00 to $184.00 and set an “equal weight” rating for the company in a research note on Thursday, May 2nd. Sixteen equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Paycom Software currently has an average rating of “Hold” and a consensus price target of $246.31.

Paycom Software Profile

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.