VIRGINIA RETIREMENT SYSTEMS ET Al Takes $4.41 Million Position in Paycom Software, Inc. $PAYC

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Paycom Software, Inc. (NYSE:PAYC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 35,100 shares of the software maker’s stock, valued at approximately $4,411,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.08% of Paycom Software as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. California State Teachers Retirement System grew its position in Paycom Software by 9,363.4% during the second quarter. California State Teachers Retirement System now owns 5,681,993 shares of the software maker’s stock worth $714,113,000 after buying an additional 5,621,951 shares in the last quarter. AlphaGrep UK Ltd purchased a new stake in shares of Paycom Software in the 2nd quarter valued at about $266,000. Syon Capital LLC boosted its position in shares of Paycom Software by 137.5% during the 2nd quarter. Syon Capital LLC now owns 7,117 shares of the software maker’s stock valued at $894,000 after acquiring an additional 4,120 shares during the last quarter. AXQ Capital LP boosted its position in shares of Paycom Software by 4.1% during the 2nd quarter. AXQ Capital LP now owns 11,588 shares of the software maker’s stock valued at $1,456,000 after acquiring an additional 459 shares during the last quarter. Finally, Nykredit A S purchased a new position in shares of Paycom Software during the second quarter worth about $274,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Paycom Software Trading Down 1.9%

Shares of PAYC opened at $214.94 on Thursday. Paycom Software, Inc. has a fifty-two week low of $104.90 and a fifty-two week high of $244.98. The firm has a market cap of $9.69 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 1.22 and a beta of 0.78. The firm has a 50 day moving average price of $187.90 and a 200-day moving average price of $149.71. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.07 and a current ratio of 1.07.

Paycom Software (NYSE:PAYC) last released its earnings results on Wednesday, August 5th. The software maker reported $2.78 EPS for the quarter, beating the consensus estimate of $2.38 by $0.40. The company had revenue of $531.20 million for the quarter, compared to analyst estimates of $513.12 million. Paycom Software had a net margin of 22.78% and a return on equity of 37.06%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.06 EPS. As a group, equities research analysts forecast that Paycom Software, Inc. will post 10.65 earnings per share for the current year.

Paycom Software Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, August 24th. Paycom Software’s dividend payout ratio (DPR) is 15.94%.

Insider Activity at Paycom Software

In other news, insider Shane Hadlock sold 2,577 shares of Paycom Software stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $237.60, for a total value of $612,295.20. Following the transaction, the insider owned 70,152 shares in the company, valued at approximately $16,668,115.20. The trade was a 3.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 13.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on PAYC shares. Wall Street Zen downgraded shares of Paycom Software from a “buy” rating to a “hold” rating in a research note on Sunday. Stifel Nicolaus boosted their price target on shares of Paycom Software from $120.00 to $200.00 and gave the stock a “hold” rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. increased their price target on shares of Paycom Software from $140.00 to $264.00 and gave the stock a “neutral” rating in a report on Tuesday, August 25th. TD Cowen lifted their price objective on shares of Paycom Software from $149.00 to $244.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, BTIG Research upped their target price on shares of Paycom Software from $160.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Paycom Software currently has an average rating of “Hold” and an average target price of $214.23.

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.