OMERS ADMINISTRATION Corp Makes New $1.09 Million Investment in Paycom Software, Inc. $PAYC

Key Points

• OMERS Administration Corp. initiated a $1.09 million position in Paycom Software, purchasing 8,693 shares during the second quarter. Institutional investors collectively own 87.77% of PAYC.
• Paycom reported quarterly EPS of $2.78, exceeding estimates of $2.38, while revenue rose 9.8% year over year to $531.2 million. The company posted a 22.78% net margin and 37.06% return on equity.
• Analysts raised their price targets, but the consensus rating remains “Hold” with an average target of $208.08. Paycom also declared a quarterly dividend of $0.375 per share, representing a 0.6% annualized yield.

OMERS ADMINISTRATION Corp bought a new position in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 8,693 shares of the software maker's stock, valued at approximately $1,093,000.

A number of other institutional investors also recently modified their holdings of PAYC. Fluent Financial LLC acquired a new stake in shares of Paycom Software during the 2nd quarter worth $2,439,000. Principal Financial Group Inc. raised its stake in Paycom Software by 290.5% in the first quarter. Principal Financial Group Inc. now owns 243,762 shares of the software maker's stock valued at $29,627,000 after purchasing an additional 181,346 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Paycom Software by 1,151.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 170,854 shares of the software maker's stock worth $27,227,000 after purchasing an additional 157,201 shares during the period. Janus Henderson Group PLC lifted its position in Paycom Software by 467.2% during the first quarter. Janus Henderson Group PLC now owns 23,200 shares of the software maker's stock worth $2,819,000 after purchasing an additional 19,110 shares during the period. Finally, Virtu Financial LLC acquired a new stake in Paycom Software during the fourth quarter worth about $912,000. Institutional investors own 87.77% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on PAYC. BTIG Research boosted their target price on shares of Paycom Software from $160.00 to $230.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Cantor Fitzgerald lifted their price objective on shares of Paycom Software from $135.00 to $195.00 and gave the company a "neutral" rating in a research note on Thursday, August 6th. BMO Capital Markets boosted their price objective on shares of Paycom Software from $145.00 to $208.00 and gave the company a "market perform" rating in a research report on Thursday, August 6th. Weiss Ratings upgraded Paycom Software from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Finally, Guggenheim raised their target price on Paycom Software from $180.00 to $225.00 and gave the company a "buy" rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $208.08.

Paycom Software Trading Up 2.5%

Shares of NYSE PAYC opened at $238.07 on Friday. The firm has a 50 day moving average price of $168.95 and a two-hundred day moving average price of $142.82. The stock has a market cap of $10.73 billion, a P/E ratio of 25.30, a price-to-earnings-growth ratio of 1.31 and a beta of 0.76. Paycom Software, Inc. has a 52-week low of $104.90 and a 52-week high of $239.92. 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 - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The software maker reported $2.78 EPS for the quarter, topping analysts' consensus estimates of $2.38 by $0.40. Paycom Software had a net margin of 22.78% and a return on equity of 37.06%. The company had revenue of $531.20 million for the quarter, compared to analyst estimates of $513.12 million. During the same quarter in the previous year, the business earned $2.06 earnings per share. Paycom Software's revenue was up 9.8% compared to the same quarter last year. As a group, equities analysts forecast that Paycom Software, Inc. will post 10.48 EPS for the current year.

Paycom Software Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a $1.50 annualized dividend and a yield of 0.6%. Paycom Software's payout ratio is presently 15.94%.

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.

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