Nordea Investment Management AB Buys 127,493 Shares of Paycom Software, Inc. $PAYC

Nordea Investment Management AB grew its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 203.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 190,276 shares of the software maker’s stock after purchasing an additional 127,493 shares during the period. Nordea Investment Management AB’s holdings in Paycom Software were worth $30,336,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Allianz Asset Management GmbH increased its stake in Paycom Software by 10,106.6% in the 3rd quarter. Allianz Asset Management GmbH now owns 486,957 shares of the software maker’s stock worth $101,355,000 after acquiring an additional 482,186 shares during the last quarter. Dillon & Associates Inc. boosted its position in shares of Paycom Software by 10.9% during the 3rd quarter. Dillon & Associates Inc. now owns 68,153 shares of the software maker’s stock valued at $14,176,000 after acquiring an additional 6,696 shares during the last quarter. Baader Bank Aktiengesellschaft boosted its position in shares of Paycom Software by 37.1% during the 3rd quarter. Baader Bank Aktiengesellschaft now owns 60,390 shares of the software maker’s stock valued at $12,570,000 after acquiring an additional 16,357 shares during the last quarter. Rakuten Investment Management Inc. purchased a new position in shares of Paycom Software in the third quarter valued at $15,432,000. Finally, Sienna Gestion bought a new stake in Paycom Software in the third quarter worth $4,515,000. 87.77% of the stock is owned by institutional investors.

Paycom Software Stock Down 6.2%

Shares of PAYC opened at $118.74 on Wednesday. The business has a fifty day moving average of $131.69 and a 200 day moving average of $164.57. The company has a market cap of $6.45 billion, a PE ratio of 14.68, a P/E/G ratio of 1.33 and a beta of 0.80. Paycom Software, Inc. has a 52-week low of $104.90 and a 52-week high of $267.76.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings data 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 net margin of 22.10% and a return on equity of 24.25%. The business had revenue of $544.30 million for the quarter, compared to analysts’ expectations of $542.79 million. During the same quarter in the previous year, the business posted $2.32 earnings per share. The business’s revenue was up 10.2% compared to the same quarter last year. As a group, research analysts anticipate that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Investors of record on Monday, March 9th were given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Monday, March 9th. Paycom Software’s dividend payout ratio is 18.54%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PAYC. KeyCorp decreased their price target on shares of Paycom Software from $250.00 to $195.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. Weiss Ratings downgraded shares of Paycom Software from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, February 3rd. Zacks Research upgraded shares of Paycom Software from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 18th. UBS Group lowered their price target on shares of Paycom Software from $245.00 to $210.00 and set a “buy” rating for the company in a report on Monday, January 26th. Finally, Cantor Fitzgerald lifted their price target on Paycom Software from $115.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, March 6th. Five investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $170.71.

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.