OMERS ADMINISTRATION Corp Invests $1.09 Million in Paycom Software, Inc. $PAYC

OMERS ADMINISTRATION Corp purchased a new stake in Paycom Software, Inc. (NYSE:PAYC - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 8,693 shares of the software maker's stock, valued at approximately $1,093,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Sanctuary Advisors LLC purchased a new stake in shares of Paycom Software in the second quarter valued at about $2,653,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Paycom Software during the second quarter worth about $9,062,000. Globeflex Capital L P purchased a new stake in Paycom Software during the second quarter worth about $118,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Paycom Software in the second quarter valued at about $267,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Paycom Software in the second quarter valued at about $1,748,000. Hedge funds and other institutional investors own 87.77% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on PAYC shares. TD Cowen upped their price objective on shares of Paycom Software from $149.00 to $244.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. BMO Capital Markets increased their price objective on shares of Paycom Software from $145.00 to $208.00 and gave the stock a "market perform" rating in a research report on Thursday, August 6th. Zacks Research raised shares of Paycom Software from a "hold" rating to a "strong-buy" rating in a research report on Monday, May 18th. Mizuho increased their price objective 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 upped their target price 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. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat, Paycom Software has a consensus rating of "Hold" and a consensus target price of $214.23.

Paycom Software Price Performance

Paycom Software stock traded up $6.78 during trading hours on Thursday, hitting $243.03. 28,490 shares of the company traded hands, compared to its average volume of 1,278,218. The firm has a market cap of $10.95 billion, a P/E ratio of 25.96, a P/E/G ratio of 1.32 and a beta of 0.78. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.57. The firm's 50-day simple moving average is $177.95 and its two-hundred day simple moving average is $146.04. Paycom Software, Inc. has a 1-year low of $104.90 and a 1-year high of $244.98.

Paycom Software (NYSE:PAYC - Get Free Report) 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 firm had revenue of $531.20 million for the quarter, compared to analysts' expectations of $513.12 million. Paycom Software had a net margin of 22.78% and a return on equity of 37.06%. Paycom Software's quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the company earned $2.06 EPS. As a group, analysts forecast that Paycom Software, Inc. will post 10.65 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

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

Insider Activity

In other news, insider Shane Hadlock sold 2,577 shares of Paycom Software stock in a transaction that occurred on Thursday, August 27th. The shares were 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 of the company's stock, valued at $16,668,115.20. The trade was a 3.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 13.20% of the stock is owned by corporate insiders.

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.