Louisiana State Employees Retirement System Makes New $620,000 Investment in Paycom Software, Inc. (NYSE:PAYC)

Louisiana State Employees Retirement System bought a new position in shares of Paycom Software, Inc. (NYSE:PAYC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,000 shares of the software maker’s stock, valued at approximately $620,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. International Assets Investment Management LLC increased its holdings in Paycom Software by 16,173.6% during the fourth quarter. International Assets Investment Management LLC now owns 787,803 shares of the software maker’s stock worth $162,855,000 after buying an additional 782,962 shares during the last quarter. Meritage Group LP purchased a new stake in shares of Paycom Software during the 3rd quarter worth approximately $103,800,000. Boston Trust Walden Corp bought a new stake in shares of Paycom Software in the 4th quarter worth approximately $48,865,000. DSM Capital Partners LLC bought a new position in Paycom Software during the third quarter valued at $60,077,000. Finally, American Century Companies Inc. increased its position in Paycom Software by 18.8% in the third quarter. American Century Companies Inc. now owns 1,139,511 shares of the software maker’s stock worth $295,441,000 after buying an additional 180,202 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. UBS Group lifted their price objective on Paycom Software from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. BTIG Research initiated coverage on shares of Paycom Software in a research report on Tuesday, February 6th. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. raised their price objective on shares of Paycom Software from $140.00 to $165.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. Jefferies Financial Group reissued a “hold” rating and set a $195.00 target price on shares of Paycom Software in a report on Friday, January 5th. Finally, Citigroup cut their price target on Paycom Software from $205.00 to $198.00 and set a “neutral” rating for the company in a report on Wednesday, January 31st. Seventeen analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $257.18.

Paycom Software Trading Up 1.2 %

Shares of Paycom Software stock opened at $188.89 on Monday. The business’s 50-day moving average price is $189.82 and its 200-day moving average price is $196.49. The firm has a market capitalization of $10.87 billion, a PE ratio of 32.02, a price-to-earnings-growth ratio of 3.22 and a beta of 1.17. Paycom Software, Inc. has a 12 month low of $146.15 and a 12 month high of $374.04.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, February 7th. The software maker reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.15. Paycom Software had a net margin of 20.12% and a return on equity of 24.60%. The company had revenue of $434.60 million during the quarter, compared to analysts’ expectations of $422.50 million. During the same quarter in the prior year, the company earned $1.38 EPS. The firm’s revenue was up 17.3% on a year-over-year basis. As a group, analysts predict that Paycom Software, Inc. will post 5.73 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, March 4th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend was Friday, March 1st. Paycom Software’s dividend payout ratio is 25.42%.

Paycom Software Company Profile

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.