Teachers Retirement System of The State of Kentucky Sells 101,740 Shares of Paycom Software, Inc. $PAYC

by · The Cerbat Gem

Teachers Retirement System of The State of Kentucky trimmed its holdings in Paycom Software, Inc. (NYSE:PAYC – Free Report) by 96.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,822 shares of the software maker’s stock after selling 101,740 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Paycom Software were worth $609,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in PAYC. Brighton Jones LLC bought a new stake in Paycom Software in the fourth quarter worth approximately $638,000. AQR Capital Management LLC lifted its stake in shares of Paycom Software by 23.7% in the first quarter. AQR Capital Management LLC now owns 19,155 shares of the software maker’s stock worth $4,136,000 after buying an additional 3,674 shares during the last quarter. United Services Automobile Association acquired a new stake in shares of Paycom Software in the first quarter worth $215,000. Empowered Funds LLC lifted its stake in shares of Paycom Software by 22.8% in the first quarter. Empowered Funds LLC now owns 7,958 shares of the software maker’s stock worth $1,739,000 after buying an additional 1,480 shares during the last quarter. Finally, Focus Partners Wealth lifted its stake in shares of Paycom Software by 220.8% in the first quarter. Focus Partners Wealth now owns 3,940 shares of the software maker’s stock worth $861,000 after buying an additional 2,712 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

Paycom Software Stock Performance

Shares of PAYC stock opened at $126.56 on Friday. Paycom Software, Inc. has a 52-week low of $104.90 and a 52-week high of $267.76. The stock has a market cap of $6.03 billion, a price-to-earnings ratio of 15.64, a P/E/G ratio of 1.35 and a beta of 0.79. The firm has a fifty day moving average of $124.88 and a 200-day moving average of $148.37.

Paycom Software (NYSE:PAYC – Get Free Report) last announced its quarterly earnings data on Wednesday, February 11th. The software maker reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.01. Paycom Software had a net margin of 22.10% and a return on equity of 24.25%. The company had revenue of $544.30 million during the quarter, compared to analysts’ expectations of $542.79 million. During the same quarter in the prior year, the company posted $2.32 EPS. The business’s revenue was up 10.2% on a year-over-year basis. On average, sell-side analysts predict that Paycom Software, Inc. will post 8.59 earnings per share for the current year.

Paycom Software Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Monday, March 9th were issued a $0.375 dividend. The ex-dividend date of this dividend was Monday, March 9th. This represents a $1.50 annualized dividend and a dividend yield of 1.2%. Paycom Software’s dividend payout ratio is presently 18.54%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Mizuho reduced their price objective on shares of Paycom Software from $180.00 to $120.00 and set a “neutral” rating for the company in a research note on Thursday, February 12th. Cantor Fitzgerald boosted their price objective on shares of Paycom Software from $115.00 to $135.00 and gave the stock a “neutral” rating in a research note on Friday, March 6th. Weiss Ratings cut shares of Paycom Software from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, February 3rd. Jefferies Financial Group reduced their price objective on shares of Paycom Software from $190.00 to $130.00 and set a “hold” rating for the company in a research note on Thursday, February 12th. Finally, BMO Capital Markets reduced their price objective on shares of Paycom Software from $175.00 to $137.00 and set a “market perform” rating for the company in a research note on Thursday, February 12th. Five investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $168.79.

Check Out Our Latest Stock Analysis on PAYC

Paycom Software Company Profile

(Free Report)

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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