Public Employees Retirement System of Ohio Buys Shares of 13,055 Paycom Software, Inc. $PAYC

Key Points

• Public Employees Retirement System of Ohio purchased 13,055 Paycom Software shares worth approximately $1.64 million, while institutional investors and hedge funds collectively own 87.77% of the stock.
• Paycom reported quarterly earnings of $2.78 per share, exceeding the $2.38 consensus estimate, while revenue rose 9.8% year over year to $531.2 million. The stock opened at $231.81, near its 52-week high of $244.98.
• Paycom declared a quarterly dividend of $0.375 per share, equivalent to an annualized $1.50 payout and a 0.6% yield. Analysts maintain a consensus “Hold” rating with an average price target of $214.23.

Public Employees Retirement System of Ohio purchased a new position in Paycom Software, Inc. (NYSE:PAYC - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 13,055 shares of the software maker's stock, valued at approximately $1,641,000.

A number of other large investors have also made changes to their positions in the business. Brown Brothers Harriman & Co. boosted its position in shares of Paycom Software by 190.6% in the 4th quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker's stock worth $25,000 after purchasing an additional 101 shares in the last quarter. Clearstead Advisors LLC grew its stake in Paycom Software by 140.3% during the 4th quarter. Clearstead Advisors LLC now owns 161 shares of the software maker's stock worth $26,000 after buying an additional 94 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in Paycom Software during the 2nd quarter valued at about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Paycom Software during the 2nd quarter valued at about $33,000. Finally, MUFG Securities EMEA plc purchased a new stake in Paycom Software in the second quarter valued at about $33,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Paycom Software Stock Up 0.1%

Paycom Software stock opened at $231.81 on Tuesday. The business's 50-day simple moving average is $184.41 and its two-hundred day simple moving average is $148.37. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $10.45 billion, a PE ratio of 24.63, a PEG ratio of 1.29 and a beta of 0.78. Paycom Software, Inc. has a fifty-two week low of $104.90 and a fifty-two week high of $244.98.

Paycom Software (NYSE:PAYC - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The software maker reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.38 by $0.40. Paycom Software had a return on equity of 37.06% and a net margin of 22.78%.The firm had revenue of $531.20 million during the quarter, compared to analysts' expectations of $513.12 million. During the same period last year, the business posted $2.06 earnings per share. The company's revenue for the quarter was up 9.8% compared to the same quarter last year. Equities analysts anticipate that Paycom Software, Inc. will post 10.65 EPS for the current year.

Paycom Software Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a $1.50 dividend on an annualized basis and a yield of 0.6%. Paycom Software's dividend payout ratio (DPR) is currently 15.94%.

Insider Transactions at Paycom Software

In other Paycom Software 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 transaction of $612,295.20. Following the completion of the sale, the insider directly owned 70,152 shares in the company, valued at approximately $16,668,115.20. The trade was a 3.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 13.20% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PAYC. KeyCorp raised their price target on Paycom Software from $195.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, August 6th. Stifel Nicolaus upped their price objective on shares of Paycom Software from $120.00 to $200.00 and gave the company a "hold" rating in a report on Thursday, August 6th. Citigroup increased their price objective on shares of Paycom Software from $136.00 to $194.00 and gave the company a "neutral" rating in a research report on Friday, August 7th. Zacks Research upgraded shares of Paycom Software from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 18th. Finally, Weiss Ratings raised shares of Paycom Software from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $214.23.

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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