Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 4,400 Shares of Paycom Software, Inc. $PAYC

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 23.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 23,160 shares of the software maker’s stock after buying an additional 4,400 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Paycom Software were worth $3,691,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. True Wealth Design LLC raised its stake in Paycom Software by 946.7% during the 4th quarter. True Wealth Design LLC now owns 157 shares of the software maker’s stock valued at $25,000 after purchasing an additional 142 shares during the last quarter. Clearstead Advisors LLC raised its stake in Paycom Software by 140.3% during the 4th quarter. Clearstead Advisors LLC now owns 161 shares of the software maker’s stock valued at $26,000 after purchasing an additional 94 shares during the last quarter. Caitlin John LLC acquired a new position in Paycom Software during the 3rd quarter valued at $29,000. CYBER HORNET ETFs LLC acquired a new position in Paycom Software during the 2nd quarter valued at $29,000. Finally, MUFG Securities EMEA plc acquired a new position in Paycom Software during the 2nd quarter valued at $33,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on PAYC. Barclays cut their target price on shares of Paycom Software from $150.00 to $148.00 and set an “equal weight” rating for the company in a research note on Thursday, May 7th. BMO Capital Markets upped their target price on shares of Paycom Software from $137.00 to $145.00 and gave the company a “market perform” rating in a research note on Thursday, May 7th. TD Cowen upped their target price on shares of Paycom Software from $148.00 to $154.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Zacks Research upgraded shares of Paycom Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. Finally, KeyCorp cut their target price on shares of Paycom Software from $250.00 to $195.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $159.67.

Paycom Software Trading Down 1.2%

Shares of PAYC stock opened at $135.97 on Tuesday. Paycom Software, Inc. has a 52-week low of $104.90 and a 52-week high of $265.91. The stock has a market cap of $6.48 billion, a price-to-earnings ratio of 15.72, a P/E/G ratio of 1.19 and a beta of 0.79. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a fifty day moving average of $130.14 and a 200-day moving average of $139.30.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, May 6th. The software maker reported $3.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.99 by $0.16. Paycom Software had a net margin of 22.44% and a return on equity of 28.34%. The company had revenue of $571.80 million during the quarter, compared to analysts’ expectations of $564.37 million. During the same quarter in the prior year, the company posted $2.80 EPS. The business’s revenue was up 7.8% on a year-over-year basis. On average, equities research analysts forecast that Paycom Software, Inc. will post 9.16 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th were paid a $0.375 dividend. The ex-dividend date was Tuesday, May 26th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.1%. Paycom Software’s dividend payout ratio is currently 17.34%.

Paycom Software Company Profile

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.