National Pension Service Has $1.13 Million Holdings in Paycom Software, Inc. $PAYC

National Pension Service increased its stake in Paycom Software, Inc. (NYSE:PAYC) by 151.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 7,111 shares of the software maker’s stock after purchasing an additional 4,281 shares during the quarter. National Pension Service’s holdings in Paycom Software were worth $1,133,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PAYC. Allianz Asset Management GmbH boosted 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 purchasing an additional 482,186 shares during the period. Two Sigma Investments LP increased its stake in Paycom Software by 228.7% in the 3rd quarter. Two Sigma Investments LP now owns 532,124 shares of the software maker’s stock valued at $110,756,000 after buying an additional 370,219 shares during the last quarter. Woodline Partners LP bought a new stake in Paycom Software during the 3rd quarter worth about $58,452,000. Robeco Institutional Asset Management B.V. lifted its position in Paycom Software by 230.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 341,286 shares of the software maker’s stock worth $54,387,000 after buying an additional 238,155 shares in the last quarter. Finally, Freestone Grove Partners LP bought a new stake in Paycom Software during the 3rd quarter worth about $42,414,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Paycom Software Stock Up 6.6%

Shares of PAYC stock opened at $148.89 on Tuesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.08 and a current ratio of 1.08. The firm’s 50-day moving average is $128.55 and its 200-day moving average is $140.22. The stock has a market cap of $7.09 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 1.21 and a beta of 0.77. Paycom Software, Inc. has a 52-week low of $104.90 and a 52-week high of $267.76.

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 company had revenue of $571.80 million for the quarter, compared to analysts’ expectations of $564.37 million. Paycom Software had a net margin of 22.44% and a return on equity of 28.34%. Paycom Software’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.80 EPS. Sell-side analysts predict that Paycom Software, Inc. will post 9.19 EPS for the current year.

Paycom Software Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, May 26th. Paycom Software’s dividend payout ratio is presently 17.34%.

Analyst Ratings Changes

PAYC has been the topic of several analyst reports. BTIG Research boosted their price target on shares of Paycom Software from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Guggenheim cut their price target on shares of Paycom Software from $210.00 to $180.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. TD Cowen boosted their price target on shares of Paycom Software from $148.00 to $154.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Mizuho boosted their price target on shares of Paycom Software from $120.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Cantor Fitzgerald boosted their price target on shares of Paycom Software from $115.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $159.67.

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.