Oregon Public Employees Retirement Fund Grows Position in Paycom Software, Inc. $PAYC

Oregon Public Employees Retirement Fund boosted its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 98.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,200 shares of the software maker’s stock after buying an additional 5,567 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Paycom Software were worth $1,361,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Childress Capital Advisors LLC acquired a new position in shares of Paycom Software in the 1st quarter valued at $207,000. Delta Capital Management LLC acquired a new stake in Paycom Software during the 1st quarter worth $303,000. Sather Financial Group Inc grew its position in Paycom Software by 15.9% during the 1st quarter. Sather Financial Group Inc now owns 310,729 shares of the software maker’s stock worth $37,766,000 after purchasing an additional 42,699 shares during the last quarter. Sage Rhino Capital LLC purchased a new position in Paycom Software during the 1st quarter worth $265,000. Finally, Intrinsic Value Partners LLC increased its stake in Paycom Software by 43.4% in the first quarter. Intrinsic Value Partners LLC now owns 20,720 shares of the software maker’s stock valued at $2,518,000 after purchasing an additional 6,270 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

Paycom Software Stock Performance

NYSE PAYC opened at $139.16 on Monday. The stock has a market capitalization of $6.63 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 1.18 and a beta of 0.80. The business’s 50 day moving average is $134.48 and its two-hundred day moving average is $134.07. Paycom Software, Inc. has a 12-month low of $104.90 and a 12-month high of $248.95. 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 posted its quarterly earnings results on Wednesday, May 6th. The software maker reported $3.15 earnings per share 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 firm 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 business earned $2.80 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. Research analysts expect that Paycom Software, Inc. will post 9.32 EPS for the current year.

Paycom Software Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. TD Cowen reduced their target price on shares of Paycom Software from $154.00 to $149.00 and set a “buy” rating for the company in a report on Friday, June 26th. BTIG Research boosted their price target on Paycom Software from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. UBS Group reduced their price objective on Paycom Software from $210.00 to $183.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. Mizuho increased their price objective on Paycom Software from $120.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Barclays lowered their target price on Paycom Software from $150.00 to $148.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average 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.