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

OMERS ADMINISTRATION Corp purchased a new position in Paycom Software, Inc. (NYSE:PAYC) during the second quarter, Holdings Channel reports. The institutional investor purchased 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 the company. BlackRock Inc. acquired a new stake in shares of Paycom Software during the second quarter worth $632,460,000. Reinhart Partners LLC. lifted 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 buying an additional 537,726 shares during the period. Contour Asset Management LLC bought a new stake in Paycom Software during the fourth quarter valued at $60,333,000. Two Sigma Investments LP grew its holdings in 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 acquiring an additional 370,219 shares during the period. Finally, Invesco Ltd. grew its holdings in Paycom Software by 28.2% during the 4th quarter. Invesco Ltd. now owns 1,559,682 shares of the software maker’s stock worth $248,551,000 after acquiring an additional 343,494 shares during the period. 87.77% of the stock is owned by institutional investors.

Paycom Software Price Performance

Shares of NYSE:PAYC opened at $238.07 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.57. Paycom Software, Inc. has a twelve month low of $104.90 and a twelve month high of $239.92. The stock’s 50 day moving average is $168.95 and its 200-day moving average is $142.82. The firm has a market capitalization of $10.73 billion, a price-to-earnings ratio of 25.30, a PEG ratio of 1.31 and a beta of 0.76.

Paycom Software (NYSE:PAYC) last issued its earnings results on Wednesday, August 5th. The software maker reported $2.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.38 by $0.40. Paycom Software had a return on equity of 37.06% and a net margin of 22.78%.The company had revenue of $531.20 million for the quarter, compared to analysts’ expectations of $513.12 million. During the same period last year, the business earned $2.06 EPS. Paycom Software’s quarterly revenue was up 9.8% compared to the same quarter last year. Sell-side analysts forecast that Paycom Software, Inc. will post 10.48 EPS 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. Shareholders of record on Monday, August 24th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, August 24th. Paycom Software’s dividend payout ratio (DPR) is 15.94%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on PAYC shares. Weiss Ratings raised Paycom Software from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Cantor Fitzgerald raised their target price on Paycom Software from $135.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Zacks Research upgraded Paycom Software from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. TD Cowen boosted their price target on Paycom Software from $149.00 to $244.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Guggenheim increased their price target on Paycom Software from $180.00 to $225.00 and gave the stock a “buy” rating in a report 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 assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $208.08.

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.