River Road Asset Management LLC Increases Stock Holdings in Paycom Software, Inc. $PAYC

River Road Asset Management LLC increased its position in Paycom Software, Inc. (NYSE:PAYC) by 481.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 392,403 shares of the software maker’s stock after acquiring an additional 324,970 shares during the quarter. River Road Asset Management LLC owned about 0.70% of Paycom Software worth $62,533,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Pacer Advisors Inc. increased its holdings in Paycom Software by 15.7% during the 4th quarter. Pacer Advisors Inc. now owns 4,866 shares of the software maker’s stock worth $775,000 after acquiring an additional 662 shares during the period. Kera Capital Partners Inc. purchased a new stake in Paycom Software in the 4th quarter worth approximately $247,000. Virtu Financial LLC bought a new position in Paycom Software in the 4th quarter valued at $912,000. Mcguire Capital Advisors Inc. purchased a new position in shares of Paycom Software during the 4th quarter valued at $95,000. Finally, Invesco Ltd. grew its position in shares of Paycom Software by 28.2% during the 4th quarter. Invesco Ltd. now owns 1,559,682 shares of the software maker’s stock valued at $248,551,000 after purchasing an additional 343,494 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PAYC. BTIG Research upped their price target on shares of Paycom Software from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Mizuho boosted their target price on Paycom Software from $120.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Barclays decreased their target price on Paycom Software from $150.00 to $148.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 7th. Zacks Research raised Paycom Software from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. Finally, BMO Capital Markets lifted their price target on Paycom Software from $137.00 to $145.00 and gave the company a “market perform” rating in a research report on Thursday, May 7th. One investment 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 company currently has an average rating of “Hold” and a consensus price target of $159.67.

Paycom Software Stock Up 0.8%

Shares of NYSE:PAYC opened at $124.66 on Friday. Paycom Software, Inc. has a 52-week low of $104.90 and a 52-week high of $248.95. The firm has a fifty day moving average of $131.72 and a 200 day moving average of $137.64. The firm has a market capitalization of $5.94 billion, a PE ratio of 14.41, a price-to-earnings-growth ratio of 1.07 and a beta of 0.79. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.08 and a current ratio of 1.08.

Paycom Software (NYSE:PAYC) last released its earnings results on Wednesday, May 6th. The software maker reported $3.15 EPS for the quarter, beating 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 business had revenue of $571.80 million for the quarter, compared to analysts’ expectations of $564.37 million. During the same quarter in the prior year, the firm earned $2.80 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. As a group, research analysts anticipate that Paycom Software, Inc. will post 9.16 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th were given a dividend of $0.375 per share. The ex-dividend date was Tuesday, May 26th. This represents a $1.50 annualized dividend and a dividend yield of 1.2%. Paycom Software’s dividend payout ratio is 17.34%.

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.