35,100 Shares in Paycom Software, Inc. $PAYC Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Paycom Software, Inc. (NYSE:PAYC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 35,100 shares of the software maker’s stock, valued at approximately $4,411,000.

Other large investors have also added to or reduced their stakes in the company. California State Teachers Retirement System raised its stake in shares of Paycom Software by 9,363.4% during the second quarter. California State Teachers Retirement System now owns 5,681,993 shares of the software maker’s stock valued at $714,113,000 after acquiring an additional 5,621,951 shares during the last quarter. BlackRock Inc. purchased a new position in Paycom Software during the 2nd quarter valued at about $632,460,000. State Street Corp increased its holdings in Paycom Software by 0.4% during the 4th quarter. State Street Corp now owns 2,165,546 shares of the software maker’s stock valued at $345,101,000 after purchasing an additional 8,419 shares during the period. First Trust Advisors LP raised its position in Paycom Software by 19.9% during the 4th quarter. First Trust Advisors LP now owns 1,665,529 shares of the software maker’s stock valued at $265,419,000 after purchasing an additional 275,954 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Paycom Software by 28.2% in the 4th quarter. Invesco Ltd. now owns 1,559,682 shares of the software maker’s stock worth $248,551,000 after buying an additional 343,494 shares during the period. Institutional investors own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

PAYC has been the topic of several research analyst reports. Guggenheim boosted their target price on Paycom Software from $180.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. KeyCorp raised their price target on Paycom Software from $195.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Citigroup lifted their price target on shares of Paycom Software from $136.00 to $194.00 and gave the company a “neutral” rating in a report on Friday, August 7th. BTIG Research boosted their price objective on shares of Paycom Software from $160.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Stifel Nicolaus upped their price objective on shares of Paycom Software from $120.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $214.23.

Paycom Software Stock Down 1.9%

Shares of NYSE:PAYC opened at $214.94 on Thursday. The firm has a market capitalization of $9.69 billion, a P/E ratio of 22.84, a P/E/G ratio of 1.22 and a beta of 0.78. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a 50 day moving average price of $187.90 and a 200-day moving average price of $149.71. Paycom Software, Inc. has a 52-week low of $104.90 and a 52-week high of $244.98.

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Wednesday, August 5th. The software maker reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.40. The company had revenue of $531.20 million for the quarter, compared to analyst estimates of $513.12 million. Paycom Software had a return on equity of 37.06% and a net margin of 22.78%.The firm’s revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.06 earnings per share. As a group, equities research analysts anticipate that Paycom Software, Inc. will post 10.65 EPS for the current fiscal year.

Paycom Software Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, August 24th. Paycom Software’s payout ratio is 15.94%.

Insider Activity

In related news, insider Shane Hadlock sold 2,577 shares of the stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $237.60, for a total value of $612,295.20. Following the completion of the transaction, the insider directly owned 70,152 shares in the company, valued at $16,668,115.20. This trade represents a 3.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 13.20% of the stock is currently owned by insiders.

Paycom Software 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.