Teachers Retirement System of The State of Kentucky Purchases 5,000 Shares of Paycom Software, Inc. $PAYC

Teachers Retirement System of The State of Kentucky boosted its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 130.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 8,822 shares of the software maker’s stock after purchasing an additional 5,000 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Paycom Software were worth $1,072,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Diversify Wealth Management LLC raised its holdings in Paycom Software by 8.2% in the first quarter. Diversify Wealth Management LLC now owns 2,063 shares of the software maker’s stock worth $264,000 after buying an additional 157 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Paycom Software by 6.3% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,084 shares of the software maker’s stock valued at $1,469,000 after buying an additional 717 shares during the last quarter. Fifth Third Bancorp increased its position in shares of Paycom Software by 874.8% during the first quarter. Fifth Third Bancorp now owns 26,545 shares of the software maker’s stock valued at $3,226,000 after acquiring an additional 23,822 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Paycom Software by 126.3% during the first quarter. Sequoia Financial Advisors LLC now owns 4,980 shares of the software maker’s stock valued at $605,000 after acquiring an additional 2,779 shares in the last quarter. Finally, Peterson Wealth Services raised its holdings in Paycom Software by 8,300.0% in the 1st quarter. Peterson Wealth Services now owns 3,108 shares of the software maker’s stock worth $378,000 after acquiring an additional 3,071 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Mizuho upped their price objective on Paycom Software from $120.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Zacks Research raised Paycom Software from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. Barclays lowered their price target on Paycom Software from $150.00 to $148.00 and set an “equal weight” rating on the stock in a report on Thursday, May 7th. TD Cowen dropped their price objective on Paycom Software from $154.00 to $149.00 and set a “buy” rating on the stock in a research report on Friday, June 26th. Finally, Citigroup lifted their price objective on Paycom Software from $120.00 to $136.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. One investment 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, Paycom Software currently has an average rating of “Hold” and a consensus target price of $159.25.

Paycom Software Trading Up 0.8%

NYSE:PAYC opened at $144.81 on Thursday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.83. Paycom Software, Inc. has a 12 month low of $104.90 and a 12 month high of $248.95. The company has a market cap of $6.90 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 1.22 and a beta of 0.80. The company has a 50 day simple moving average of $135.49 and a two-hundred day simple moving average of $133.75.

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Wednesday, May 6th. The software maker reported $3.15 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.16. The firm had revenue of $571.80 million for the quarter, compared to analysts’ expectations of $564.37 million. Paycom Software had a return on equity of 28.34% and a net margin of 22.44%.The company’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.80 EPS. Research analysts forecast that Paycom Software, Inc. will post 9.32 earnings per share for the current year.

Paycom Software Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Tuesday, May 26th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Tuesday, May 26th. Paycom Software’s dividend payout ratio is 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.