National Pension Service Buys 4,281 Shares of Paycom Software, Inc. $PAYC

National Pension Service increased its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 151.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,111 shares of the software maker’s stock after purchasing an additional 4,281 shares during the quarter. National Pension Service’s holdings in Paycom Software were worth $1,133,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. True Wealth Design LLC lifted its holdings in Paycom Software by 946.7% in the fourth quarter. True Wealth Design LLC now owns 157 shares of the software maker’s stock valued at $25,000 after buying an additional 142 shares during the period. Clearstead Advisors LLC boosted its stake in Paycom Software by 140.3% in the fourth quarter. Clearstead Advisors LLC now owns 161 shares of the software maker’s stock valued at $26,000 after acquiring an additional 94 shares during the last quarter. Caitlin John LLC bought a new position in Paycom Software in the third quarter valued at approximately $29,000. CYBER HORNET ETFs LLC bought a new position in Paycom Software in the second quarter valued at approximately $29,000. Finally, MUFG Securities EMEA plc bought a new position in Paycom Software in the second quarter valued at approximately $33,000. 87.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Zacks Research raised shares of Paycom Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. Citigroup raised their price objective on shares of Paycom Software from $120.00 to $136.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Jefferies Financial Group reduced their price objective on shares of Paycom Software from $190.00 to $130.00 and set a “hold” rating on the stock in a research note on Thursday, February 12th. Mizuho raised their price objective on shares of Paycom Software from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Finally, UBS Group reduced their price objective on shares of Paycom Software from $210.00 to $183.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, five have issued 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, the company currently has an average rating of “Hold” and a consensus target price of $159.67.

Paycom Software Trading Up 6.6%

NYSE PAYC opened at $148.89 on Tuesday. The firm has a market cap of $7.09 billion, a P/E ratio of 17.21, a P/E/G ratio of 1.21 and a beta of 0.77. 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 $128.55 and its 200-day moving average is $140.22. Paycom Software, Inc. has a one year low of $104.90 and a one year high of $267.76.

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Wednesday, May 6th. The software maker reported $3.15 EPS for the quarter, topping analysts’ consensus estimates of $2.99 by $0.16. The company had revenue of $571.80 million for the quarter, compared to analyst estimates of $564.37 million. Paycom Software had a return on equity of 28.34% and a net margin of 22.44%.Paycom Software’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.80 earnings per share. Sell-side analysts anticipate that Paycom Software, Inc. will post 9.19 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Tuesday, May 26th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $1.50 dividend on an annualized basis and a yield of 1.0%. Paycom Software’s dividend payout ratio is presently 17.34%.

About Paycom Software

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.