California Public Employees Retirement System Sells 56,535 Shares of Paycom Software, Inc. $PAYC

California Public Employees Retirement System lessened its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 44.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 71,320 shares of the software maker’s stock after selling 56,535 shares during the quarter. California Public Employees Retirement System’s holdings in Paycom Software were worth $8,668,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Brown Brothers Harriman & Co. boosted its stake in Paycom Software by 190.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker’s stock worth $25,000 after buying an additional 101 shares during the period. Clearstead Advisors LLC raised its stake in shares of Paycom Software by 140.3% in the fourth quarter. Clearstead Advisors LLC now owns 161 shares of the software maker’s stock valued at $26,000 after acquiring an additional 94 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in shares of Paycom Software in the second quarter valued at $29,000. MUFG Securities EMEA plc purchased a new stake in shares of Paycom Software in the second quarter valued at $33,000. Finally, Palisade Asset Management LLC bought a new stake in shares of Paycom Software in the 3rd quarter worth about $33,000. 87.77% of the stock is currently owned by institutional investors.

Paycom Software Stock Performance

PAYC stock opened at $145.71 on Friday. Paycom Software, Inc. has a twelve month low of $104.90 and a twelve month high of $248.95. The firm has a market cap of $6.94 billion, a price-to-earnings ratio of 16.84, a PEG ratio of 1.23 and a beta of 0.80. The business’s fifty day simple moving average is $136.71 and its two-hundred day simple moving average is $133.26. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.83.

Paycom Software (NYSE:PAYC) last issued its 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 firm had revenue of $571.80 million during 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 business’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.80 earnings per share. Analysts predict that Paycom Software, Inc. will post 9.37 earnings per share for the current year.

Paycom Software Announces Dividend

The business 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. The ex-dividend date was Tuesday, May 26th. This represents a $1.50 dividend on an annualized basis and a yield of 1.0%. Paycom Software’s dividend payout ratio (DPR) is presently 17.34%.

Analyst Ratings Changes

A number of research firms recently commented on PAYC. BTIG Research lifted their price target on shares of Paycom Software from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Zacks Research raised shares of Paycom Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. BMO Capital Markets increased their price objective on shares of Paycom Software from $137.00 to $145.00 and gave the stock a “market perform” rating in a research report on Thursday, May 7th. Weiss Ratings raised shares of Paycom Software from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 16th. Finally, Barclays boosted their target price on Paycom Software from $148.00 to $154.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $159.75.

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.