Teachers Retirement System of The State of Kentucky Boosts Stock Position in Paycom Software, Inc. $PAYC

Teachers Retirement System of The State of Kentucky increased its stake in Paycom Software, Inc. (NYSE:PAYC) by 2,662.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 105,562 shares of the software maker’s stock after purchasing an additional 101,740 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Paycom Software were worth $21,971,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. UMB Bank n.a. boosted its stake in Paycom Software by 7.6% in the 3rd quarter. UMB Bank n.a. now owns 789 shares of the software maker’s stock worth $164,000 after purchasing an additional 56 shares during the period. ORG Wealth Partners LLC increased its position in shares of Paycom Software by 4.4% during the third quarter. ORG Wealth Partners LLC now owns 1,390 shares of the software maker’s stock valued at $289,000 after buying an additional 59 shares during the period. World Investment Advisors lifted its holdings in shares of Paycom Software by 5.1% in the second quarter. World Investment Advisors now owns 1,352 shares of the software maker’s stock worth $313,000 after buying an additional 66 shares in the last quarter. Compound Planning Inc. boosted its position in shares of Paycom Software by 2.9% in the third quarter. Compound Planning Inc. now owns 2,899 shares of the software maker’s stock valued at $603,000 after acquiring an additional 83 shares during the period. Finally, Boyd Watterson Asset Management LLC OH grew its stake in Paycom Software by 0.8% during the third quarter. Boyd Watterson Asset Management LLC OH now owns 10,576 shares of the software maker’s stock valued at $2,201,000 after acquiring an additional 84 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

Paycom Software Stock Performance

NYSE PAYC opened at $132.08 on Wednesday. Paycom Software, Inc. has a 52-week low of $104.90 and a 52-week high of $267.76. The company has a fifty day moving average of $140.51 and a 200-day moving average of $174.87. The company has a market capitalization of $7.17 billion, a P/E ratio of 16.33, a P/E/G ratio of 1.39 and a beta of 0.80.

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Wednesday, February 11th. The software maker reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.01. Paycom Software had a return on equity of 24.25% and a net margin of 22.10%.The business had revenue of $544.30 million for the quarter, compared to the consensus estimate of $542.79 million. During the same quarter last year, the business posted $2.32 earnings per share. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, analysts forecast that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Monday, March 9th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Monday, March 9th. Paycom Software’s dividend payout ratio (DPR) is presently 18.54%.

Insider Activity at Paycom Software

In related news, CFO Robert D. Foster sold 1,300 shares of Paycom Software stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $162.66, for a total value of $211,458.00. Following the transaction, the chief financial officer owned 14,747 shares in the company, valued at $2,398,747.02. This trade represents a 8.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 10.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PAYC. Cantor Fitzgerald lowered their target price on shares of Paycom Software from $135.00 to $115.00 and set a “neutral” rating on the stock in a research note on Thursday, February 12th. TD Cowen decreased their price target on shares of Paycom Software from $200.00 to $184.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Zacks Research raised Paycom Software from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. JPMorgan Chase & Co. reduced their target price on Paycom Software from $235.00 to $220.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Finally, Barclays decreased their target price on Paycom Software from $185.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 12th. Five investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Paycom Software presently has an average rating of “Hold” and a consensus price target of $168.57.

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.