PFA Pension Forsikringsaktieselskab Acquires New Holdings in Paycom Software, Inc. $PAYC

PFA Pension Forsikringsaktieselskab bought a new stake in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 52,181 shares of the software maker's stock, valued at approximately $8,376,000. PFA Pension Forsikringsaktieselskab owned approximately 0.09% of Paycom Software at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Fifth Third Bancorp increased its stake in shares of Paycom Software by 6.2% during the 4th quarter. Fifth Third Bancorp now owns 2,723 shares of the software maker's stock worth $434,000 after purchasing an additional 158 shares in the last quarter. Danske Bank A S lifted its stake in Paycom Software by 2.4% in the 4th quarter. Danske Bank A S now owns 30,287 shares of the software maker's stock valued at $4,827,000 after buying an additional 700 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in Paycom Software by 4.9% in the 4th quarter. Oppenheimer & Co. Inc. now owns 5,421 shares of the software maker's stock valued at $864,000 after buying an additional 251 shares in the last quarter. Interchange Capital Partners LLC acquired a new stake in Paycom Software during the 4th quarter valued at $232,000. Finally, Vest Financial LLC grew its holdings in Paycom Software by 32.6% during the 4th quarter. Vest Financial LLC now owns 163,012 shares of the software maker's stock valued at $25,978,000 after buying an additional 40,108 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on PAYC. Jefferies Financial Group cut their price target on Paycom Software from $190.00 to $130.00 and set a "hold" rating for the company in a report on Thursday, February 12th. Barclays increased their price objective on Paycom Software from $140.00 to $150.00 and gave the company an "equal weight" rating in a research note on Friday, March 6th. Weiss Ratings cut Paycom Software from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, February 3rd. Citigroup cut their target price on shares of Paycom Software from $185.00 to $128.00 and set a "neutral" rating for the company in a research note on Friday, February 13th. Finally, KeyCorp reduced their target price on shares of Paycom Software from $250.00 to $195.00 and set an "overweight" rating on the stock in a report on Thursday, February 12th. Five analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $168.79.

Paycom Software Stock Up 0.3%

Shares of PAYC opened at $132.30 on Tuesday. The firm has a market cap of $6.31 billion, a PE ratio of 16.35, a price-to-earnings-growth ratio of 1.39 and a beta of 0.77. The company's fifty day moving average is $124.88 and its two-hundred day moving average is $147.63. Paycom Software, Inc. has a fifty-two week low of $104.90 and a fifty-two week high of $267.76.

Paycom Software (NYSE:PAYC - Get Free Report) last released its quarterly earnings data on Wednesday, February 11th. The software maker reported $2.45 EPS for the quarter, topping analysts' consensus estimates of $2.44 by $0.01. The business had revenue of $544.30 million during the quarter, compared to the consensus estimate of $542.79 million. Paycom Software had a return on equity of 24.25% and a net margin of 22.10%.The business's revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.32 EPS. As a group, equities research analysts anticipate that Paycom Software, Inc. will post 8.59 earnings per share for the current year.

Paycom Software Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th will be paid a dividend of $0.375 per share. The ex-dividend date is Tuesday, May 26th. This represents a $1.50 annualized dividend and a yield of 1.1%. Paycom Software's dividend payout ratio is currently 18.54%.

Paycom Software 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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