Louisiana State Employees Retirement System Buys New Position in Paycom Software, Inc. $PAYC

Louisiana State Employees Retirement System acquired a new position in Paycom Software, Inc. (NYSE:PAYC) during the first quarter, HoldingsChannel.com reports. The fund acquired 21,700 shares of the software maker’s stock, valued at approximately $2,637,000.

Several other institutional investors and hedge funds have also bought and sold shares of PAYC. Sienna Gestion bought a new stake in Paycom Software during the third quarter worth $4,515,000. Berkeley Inc lifted its position in Paycom Software by 47.5% during the fourth quarter. Berkeley Inc now owns 40,794 shares of the software maker’s stock worth $6,501,000 after acquiring an additional 13,140 shares during the last quarter. Willis Investment Counsel boosted its stake in Paycom Software by 122.2% in the 4th quarter. Willis Investment Counsel now owns 22,100 shares of the software maker’s stock valued at $3,522,000 after purchasing an additional 12,156 shares during the period. Nordea Investment Management AB boosted its position in shares of Paycom Software by 203.1% in the fourth quarter. Nordea Investment Management AB now owns 190,276 shares of the software maker’s stock valued at $30,336,000 after acquiring an additional 127,493 shares during the period. Finally, Harbor Capital Advisors Inc. bought a new stake in Paycom Software in the 4th quarter valued at about $1,911,000. Institutional investors own 87.77% of the company’s stock.

Paycom Software Stock Up 0.4%

Shares of Paycom Software stock opened at $129.63 on Monday. The firm has a market cap of $6.17 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 1.10 and a beta of 0.79. Paycom Software, Inc. has a one year low of $104.90 and a one year high of $248.95. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.08 and a quick ratio of 1.08. The stock’s 50-day moving average is $132.62 and its 200 day moving average is $136.03.

Paycom Software (NYSE:PAYC) last released its earnings results 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 for the quarter, compared to the consensus estimate of $564.37 million. During the same quarter in the previous year, the company earned $2.80 EPS. Paycom Software’s quarterly revenue was up 7.8% compared to the same quarter last year. Equities research analysts anticipate that Paycom Software, Inc. will post 9.32 EPS for the current year.

Paycom Software Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, May 26th. Paycom Software’s dividend payout ratio (DPR) is 17.34%.

Analysts Set New Price Targets

Several analysts have recently issued reports on PAYC shares. TD Cowen reduced their target price on Paycom Software from $154.00 to $149.00 and set a “buy” rating on the stock in a report on Friday. BMO Capital Markets lifted their price objective 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. UBS Group lowered their price target on Paycom Software from $210.00 to $183.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. Cantor Fitzgerald increased their price objective on shares of Paycom Software from $115.00 to $135.00 and gave the company a “neutral” rating in a research note on Friday, March 6th. Finally, Zacks Research upgraded Paycom Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. One research 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 given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $159.25.

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.