Louisiana State Employees Retirement System Makes New $2.64 Million Investment in Paycom Software, Inc. $PAYC

Louisiana State Employees Retirement System bought a new stake in Paycom Software, Inc. (NYSE:PAYC) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 21,700 shares of the software maker’s stock, valued at approximately $2,637,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC acquired a new stake in shares of Paycom Software in the fourth quarter valued at $638,000. AQR Capital Management LLC lifted its stake in Paycom Software by 23.7% during the first quarter. AQR Capital Management LLC now owns 19,155 shares of the software maker’s stock valued at $4,136,000 after buying an additional 3,674 shares in the last quarter. United Services Automobile Association acquired a new position in shares of Paycom Software in the first quarter worth about $215,000. Empowered Funds LLC raised its stake in Paycom Software by 22.8% during the 1st quarter. Empowered Funds LLC now owns 7,958 shares of the software maker’s stock valued at $1,739,000 after purchasing an additional 1,480 shares during the period. Finally, Focus Partners Wealth grew its stake in Paycom Software by 220.8% during the 1st quarter. Focus Partners Wealth now owns 3,940 shares of the software maker’s stock valued at $861,000 after acquiring an additional 2,712 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

Paycom Software Stock Performance

Shares of Paycom Software stock opened at $129.63 on Monday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.08 and a current ratio of 1.08. Paycom Software, Inc. has a 52 week low of $104.90 and a 52 week high of $248.95. The stock has a market capitalization of $6.17 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 1.10 and a beta of 0.79. The firm has a fifty day moving average of $132.62 and a two-hundred day moving average of $136.03.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings results on Wednesday, May 6th. The software maker reported $3.15 EPS for the quarter, beating analysts’ consensus estimates of $2.99 by $0.16. Paycom Software had a return on equity of 28.34% and a net margin of 22.44%.The company had revenue of $571.80 million during the quarter, compared to analysts’ expectations of $564.37 million. During the same period in the prior year, the business posted $2.80 EPS. Paycom Software’s revenue was up 7.8% on a year-over-year basis. As a group, equities research analysts predict that Paycom Software, Inc. will post 9.32 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 given a $0.375 dividend. The ex-dividend date was Tuesday, May 26th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.2%. Paycom Software’s dividend payout ratio is currently 17.34%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PAYC shares. Weiss Ratings restated a “sell (d+)” rating on shares of Paycom Software in a report on Friday, May 1st. Barclays reduced their price objective on Paycom Software from $150.00 to $148.00 and set an “equal weight” rating for the company in a research report on Thursday, May 7th. Cantor Fitzgerald lifted their target price on Paycom Software from $115.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, March 6th. Citigroup lifted their price target on shares of Paycom Software from $120.00 to $136.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Finally, TD Cowen lowered their price objective on Paycom Software from $154.00 to $149.00 and set a “buy” rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $159.25.

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.