Paycom Software, Inc. (NYSE:PAYC) Shares Acquired by Court Place Advisors LLC

Court Place Advisors LLC boosted its holdings in Paycom Software, Inc. (NYSE:PAYC) by 3.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,065 shares of the software maker’s stock after buying an additional 65 shares during the period. Court Place Advisors LLC’s holdings in Paycom Software were worth $427,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Daiwa Securities Group Inc. raised its holdings in Paycom Software by 99.8% in the fourth quarter. Daiwa Securities Group Inc. now owns 10,553 shares of the software maker’s stock valued at $2,181,000 after buying an additional 5,271 shares during the period. Rakuten Securities Inc. purchased a new position in Paycom Software in the fourth quarter valued at approximately $62,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Paycom Software by 138.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,674 shares of the software maker’s stock valued at $4,480,000 after buying an additional 12,567 shares during the period. Everence Capital Management Inc. raised its stake in shares of Paycom Software by 36.6% during the fourth quarter. Everence Capital Management Inc. now owns 2,610 shares of the software maker’s stock valued at $540,000 after purchasing an additional 700 shares during the period. Finally, Oak Family Advisors LLC purchased a new stake in shares of Paycom Software during the fourth quarter valued at approximately $2,994,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analysts Set New Price Targets

PAYC has been the topic of a number of analyst reports. Piper Sandler lifted their price objective on shares of Paycom Software from $185.00 to $190.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. Citigroup dropped their price target on shares of Paycom Software from $205.00 to $198.00 and set a “neutral” rating for the company in a research note on Wednesday, January 31st. UBS Group lifted their price target on shares of Paycom Software from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Jefferies Financial Group restated a “hold” rating and issued a $195.00 price target on shares of Paycom Software in a research note on Friday, January 5th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Paycom Software from $140.00 to $165.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. Seventeen research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $257.18.

Paycom Software Price Performance

NYSE PAYC traded down $3.29 on Wednesday, hitting $186.86. 821,807 shares of the company were exchanged, compared to its average volume of 860,242. The company’s 50 day moving average price is $190.72 and its 200-day moving average price is $201.07. The firm has a market capitalization of $10.75 billion, a P/E ratio of 31.67, a price-to-earnings-growth ratio of 3.29 and a beta of 1.17. Paycom Software, Inc. has a twelve month low of $146.15 and a twelve month high of $374.04.

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

Paycom Software Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, March 4th were paid a dividend of $0.375 per share. The ex-dividend date was Friday, March 1st. This represents a $1.50 annualized dividend and a yield of 0.80%. Paycom Software’s dividend payout ratio (DPR) is presently 25.42%.

About Paycom Software

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.