Paycom Software, Inc. $PAYC Stock Holdings Lifted by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in Paycom Software, Inc. (NYSE:PAYC) by 56.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 71,600 shares of the software maker’s stock after purchasing an additional 25,800 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Paycom Software were worth $11,410,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Paycom Software by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 5,802,788 shares of the software maker’s stock worth $1,207,792,000 after buying an additional 179,218 shares during the last quarter. State Street Corp lifted its position in shares of Paycom Software by 2.8% in the 3rd quarter. State Street Corp now owns 2,157,127 shares of the software maker’s stock worth $448,984,000 after buying an additional 59,217 shares during the last quarter. Baillie Gifford & Co. lifted its position in shares of Paycom Software by 10.3% in the 3rd quarter. Baillie Gifford & Co. now owns 1,708,662 shares of the software maker’s stock worth $355,641,000 after buying an additional 158,967 shares during the last quarter. Invesco Ltd. lifted its position in shares of Paycom Software by 9.3% in the 3rd quarter. Invesco Ltd. now owns 1,216,188 shares of the software maker’s stock worth $253,137,000 after buying an additional 103,801 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of Paycom Software by 29.8% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 604,090 shares of the software maker’s stock worth $96,878,000 after buying an additional 138,795 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Paycom Software in a research report on Friday, May 1st. Cantor Fitzgerald raised their price target on shares of Paycom Software from $115.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, March 6th. Mizuho raised their price target on shares of Paycom Software from $120.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Zacks Research upgraded shares of Paycom Software from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 18th. Finally, Guggenheim reduced their price target on shares of Paycom Software from $210.00 to $180.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Five analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $159.67.

Paycom Software Stock Down 2.0%

PAYC stock opened at $134.90 on Thursday. Paycom Software, Inc. has a 52 week low of $104.90 and a 52 week high of $267.76. The company has a market capitalization of $6.43 billion, a price-to-earnings ratio of 15.59, a price-to-earnings-growth ratio of 1.25 and a beta of 0.77. The firm’s 50-day moving average is $126.62 and its two-hundred day moving average is $144.33. 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 (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. 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 period in the previous year, the firm earned $2.80 EPS. Paycom Software’s revenue was up 7.8% on a year-over-year basis. On average, analysts forecast that Paycom Software, Inc. will post 8.73 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Tuesday, May 26th. Paycom Software’s 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.