Retirement Systems of Alabama Grows Stock Holdings in Paycom Software, Inc. $PAYC

Retirement Systems of Alabama lifted its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 3.4% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,458 shares of the software maker’s stock after buying an additional 341 shares during the quarter. Retirement Systems of Alabama’s holdings in Paycom Software were worth $2,420,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC purchased a new stake in Paycom Software in the 4th quarter worth $638,000. Penserra Capital Management LLC lifted its stake in Paycom Software by 1,087.8% in the 1st quarter. Penserra Capital Management LLC now owns 1,461 shares of the software maker’s stock worth $319,000 after purchasing an additional 1,338 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in Paycom Software by 7.4% in the 1st quarter. Crossmark Global Holdings Inc. now owns 1,561 shares of the software maker’s stock worth $341,000 after purchasing an additional 107 shares in the last quarter. Court Place Advisors LLC lifted its stake in Paycom Software by 4.6% in the 1st quarter. Court Place Advisors LLC now owns 4,435 shares of the software maker’s stock worth $969,000 after purchasing an additional 195 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in Paycom Software by 6.0% in the 1st quarter. Nisa Investment Advisors LLC now owns 7,792 shares of the software maker’s stock worth $1,702,000 after purchasing an additional 441 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Paycom Software Trading Up 1.0%

Shares of NYSE:PAYC opened at $183.73 on Thursday. The company has a market capitalization of $10.63 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 2.01 and a beta of 0.88. Paycom Software, Inc. has a 12 month low of $180.52 and a 12 month high of $267.76. The firm’s 50-day moving average is $208.39 and its 200 day moving average is $226.92.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Wednesday, November 5th. The software maker reported $1.94 EPS for the quarter, missing the consensus estimate of $1.96 by ($0.02). The firm had revenue of $493.30 million for the quarter, compared to the consensus estimate of $492.62 million. Paycom Software had a net margin of 21.22% and a return on equity of 25.40%. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.67 earnings per share. Paycom Software has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 8th. Shareholders of record on Monday, November 24th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Monday, November 24th. Paycom Software’s dividend payout ratio is currently 20.30%.

Wall Street Analysts Forecast Growth

PAYC has been the topic of several research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Paycom Software in a research note on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price target on shares of Paycom Software from $215.00 to $235.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Barclays decreased their price target on shares of Paycom Software from $250.00 to $225.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 21st. BMO Capital Markets boosted their price target on shares of Paycom Software from $244.00 to $258.00 and gave the stock a “market perform” rating in a research note on Thursday, August 7th. Finally, Jefferies Financial Group reduced their target price on shares of Paycom Software from $250.00 to $225.00 and set a “hold” rating on the stock in a report on Monday, October 13th. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $243.69.

Insider Buying and Selling

In other Paycom Software news, insider Bradley Scott Smith sold 1,500 shares of the company’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $223.27, for a total value of $334,905.00. Following the transaction, the insider directly owned 24,533 shares in the company, valued at $5,477,482.91. This represents a 5.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.90% of the stock is owned by corporate insiders.

Paycom Software Company 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.