Paycom Software, Inc. $PAYC Shares Bought by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Paycom Software, Inc. (NYSE:PAYC) by 23.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 23,160 shares of the software maker’s stock after buying an additional 4,400 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Paycom Software were worth $3,691,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Daiwa Securities Group Inc. boosted its holdings in shares of Paycom Software by 60.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 18,671 shares of the software maker’s stock valued at $2,976,000 after buying an additional 7,008 shares during the period. State of Wyoming boosted its holdings in shares of Paycom Software by 19.2% in the 4th quarter. State of Wyoming now owns 856 shares of the software maker’s stock valued at $136,000 after buying an additional 138 shares during the period. TD Asset Management Inc boosted its holdings in shares of Paycom Software by 0.9% in the 4th quarter. TD Asset Management Inc now owns 14,614 shares of the software maker’s stock valued at $2,329,000 after buying an additional 131 shares during the period. Lido Advisors LLC boosted its holdings in shares of Paycom Software by 1.4% in the 4th quarter. Lido Advisors LLC now owns 6,286 shares of the software maker’s stock valued at $1,081,000 after buying an additional 87 shares during the period. Finally, Johnson Financial Group LLC boosted its holdings in shares of Paycom Software by 0.4% in the 4th quarter. Johnson Financial Group LLC now owns 25,091 shares of the software maker’s stock valued at $3,999,000 after buying an additional 91 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

Paycom Software Stock Down 1.2%

PAYC stock opened at $135.97 on Tuesday. Paycom Software, Inc. has a 52-week low of $104.90 and a 52-week high of $265.91. The company’s 50 day simple moving average is $130.14 and its 200-day simple moving average is $139.30. 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 firm has a market capitalization of $6.48 billion, a P/E ratio of 15.72, a P/E/G ratio of 1.19 and a beta of 0.79.

Paycom Software (NYSE:PAYC) last released its quarterly 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. The business had revenue of $571.80 million for the quarter, compared to analyst estimates of $564.37 million. Paycom Software had a net margin of 22.44% and a return on equity of 28.34%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.80 earnings per share. As a group, equities research analysts anticipate that Paycom Software, Inc. will post 9.16 EPS for the current year.

Paycom Software Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Tuesday, May 26th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, May 26th. Paycom Software’s dividend payout ratio is currently 17.34%.

Analyst Ratings Changes

PAYC has been the subject of several research reports. BTIG Research lifted their price target on shares of Paycom Software from $140.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, May 7th. KeyCorp decreased their price target on shares of Paycom Software from $250.00 to $195.00 and set an “overweight” rating for the company in a report on Thursday, February 12th. Citigroup lifted their price target on shares of Paycom Software from $120.00 to $136.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Mizuho lifted their price target on shares of Paycom Software from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Paycom Software in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Paycom Software has an average rating of “Hold” and an average price target of $159.67.

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.