Oregon Public Employees Retirement Fund Increases Holdings in Paycom Software, Inc. $PAYC

Oregon Public Employees Retirement Fund increased its position in Paycom Software, Inc. (NYSE:PAYC) by 98.8% during the first quarter, HoldingsChannel.com reports. The fund owned 11,200 shares of the software maker’s stock after acquiring an additional 5,567 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Paycom Software were worth $1,361,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Reinhart Partners LLC. grew its holdings in Paycom Software by 887.4% in the fourth quarter. Reinhart Partners LLC. now owns 598,323 shares of the software maker’s stock valued at $95,351,000 after purchasing an additional 537,726 shares during the last quarter. Contour Asset Management LLC acquired a new position in shares of Paycom Software during the 4th quarter worth $60,333,000. Two Sigma Investments LP raised its stake in shares of Paycom Software by 228.7% during the 3rd quarter. Two Sigma Investments LP now owns 532,124 shares of the software maker’s stock worth $110,756,000 after buying an additional 370,219 shares during the last quarter. Invesco Ltd. boosted its position in shares of Paycom Software by 28.2% in the 4th quarter. Invesco Ltd. now owns 1,559,682 shares of the software maker’s stock worth $248,551,000 after buying an additional 343,494 shares in the last quarter. Finally, River Road Asset Management LLC boosted its position in shares of Paycom Software by 481.9% in the 4th quarter. River Road Asset Management LLC now owns 392,403 shares of the software maker’s stock worth $62,533,000 after buying an additional 324,970 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Mizuho raised their target price on shares of Paycom Software from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. BMO Capital Markets increased their price target on shares of Paycom Software from $137.00 to $145.00 and gave the company a “market perform” rating in a research report on Thursday, May 7th. BTIG Research raised their price objective 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 upgraded Paycom Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. Finally, UBS Group lowered their target price on Paycom Software from $210.00 to $183.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $159.25.

Paycom Software Stock Performance

NYSE:PAYC opened at $139.16 on Monday. The firm has a 50 day simple moving average of $134.48 and a 200-day simple moving average of $134.07. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market cap of $6.63 billion, a PE ratio of 16.09, a P/E/G ratio of 1.18 and a beta of 0.80. Paycom Software, Inc. has a 1-year low of $104.90 and a 1-year high of $248.95.

Paycom Software (NYSE:PAYC) last announced its earnings results on Wednesday, May 6th. The software maker reported $3.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $0.16. The firm had revenue of $571.80 million for 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%. Paycom Software’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.80 earnings per share. On average, equities analysts expect that Paycom Software, Inc. will post 9.32 EPS for the current year.

Paycom Software Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Stockholders 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 annualized dividend and a dividend yield of 1.1%. Paycom Software’s dividend payout ratio (DPR) is 17.34%.

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.