River Road Asset Management LLC Acquires 324,970 Shares of Paycom Software, Inc. $PAYC

River Road Asset Management LLC increased its holdings in Paycom Software, Inc. (NYSE:PAYC) by 481.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 392,403 shares of the software maker’s stock after purchasing an additional 324,970 shares during the period. River Road Asset Management LLC’s holdings in Paycom Software were worth $62,533,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Reinhart Partners LLC. lifted its stake in Paycom Software by 887.4% in the fourth quarter. Reinhart Partners LLC. now owns 598,323 shares of the software maker’s stock worth $95,351,000 after purchasing an additional 537,726 shares during the last quarter. Contour Asset Management LLC bought a new position in shares of Paycom Software during the fourth quarter valued at about $60,333,000. Two Sigma Investments LP grew its stake in shares of Paycom Software by 228.7% during the third quarter. Two Sigma Investments LP now owns 532,124 shares of the software maker’s stock valued at $110,756,000 after buying an additional 370,219 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Paycom Software by 28.2% in the fourth quarter. Invesco Ltd. now owns 1,559,682 shares of the software maker’s stock worth $248,551,000 after buying an additional 343,494 shares during the period. Finally, Woodline Partners LP purchased a new position in shares of Paycom Software in the third quarter worth about $58,452,000. Institutional investors own 87.77% of the company’s stock.

Paycom Software Trading Up 0.8%

PAYC opened at $124.66 on Friday. Paycom Software, Inc. has a one year low of $104.90 and a one year high of $248.95. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.08 and a quick ratio of 1.08. The business has a 50 day simple moving average of $131.72 and a two-hundred day simple moving average of $137.64. The firm has a market capitalization of $5.94 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 1.07 and a beta of 0.79.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Wednesday, May 6th. The software maker reported $3.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.16. Paycom Software had a return on equity of 28.34% and a net margin of 22.44%.The firm had revenue of $571.80 million for the quarter, compared to analyst estimates of $564.37 million. During the same period last year, the company earned $2.80 EPS. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. Analysts predict that Paycom Software, Inc. will post 9.16 EPS for the current year.

Paycom Software Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Tuesday, May 26th were paid a $0.375 dividend. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $1.50 dividend on an annualized basis and a yield of 1.2%. Paycom Software’s dividend payout ratio (DPR) is presently 17.34%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on PAYC shares. Mizuho increased their target price on Paycom Software from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Cantor Fitzgerald lifted their price target on Paycom Software from $115.00 to $135.00 and gave the stock a “neutral” rating in a research note on Friday, March 6th. UBS Group decreased their price target on Paycom Software from $210.00 to $183.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. Citigroup boosted their price objective on Paycom Software from $120.00 to $136.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Finally, BTIG Research increased their price objective on Paycom Software from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $159.67.

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.