Everence Capital Management Inc. Acquires 700 Shares of Paycom Software, Inc. (NYSE:PAYC)

Everence Capital Management Inc. increased its holdings in Paycom Software, Inc. (NYSE:PAYC) by 36.6% during the 4th quarter, HoldingsChannel reports. The firm owned 2,610 shares of the software maker’s stock after buying an additional 700 shares during the period. Everence Capital Management Inc.’s holdings in Paycom Software were worth $540,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Paycom Software by 0.6% in the third quarter. Vanguard Group Inc. now owns 5,799,327 shares of the software maker’s stock worth $1,503,592,000 after purchasing an additional 32,038 shares during the last quarter. Alliancebernstein L.P. increased its position in Paycom Software by 59.6% in the second quarter. Alliancebernstein L.P. now owns 2,146,132 shares of the software maker’s stock worth $689,423,000 after purchasing an additional 801,539 shares during the last quarter. State Street Corp increased its position in Paycom Software by 2.4% in the first quarter. State Street Corp now owns 1,911,316 shares of the software maker’s stock worth $581,056,000 after purchasing an additional 43,991 shares during the last quarter. Wellington Management Group LLP increased its position in Paycom Software by 8.7% in the first quarter. Wellington Management Group LLP now owns 1,359,073 shares of the software maker’s stock worth $470,756,000 after purchasing an additional 108,505 shares during the last quarter. 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 purchasing an additional 180,202 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

PAYC has been the topic of several research reports. Citigroup reduced their price target on shares of Paycom Software from $205.00 to $198.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 31st. JPMorgan Chase & Co. lifted their price objective 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. UBS Group lifted their price objective 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. BTIG Research started coverage on shares of Paycom Software in a research note on Tuesday, February 6th. They set a “neutral” rating for the company. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $195.00 price objective on shares of Paycom Software in a research note on Friday, January 5th. Seventeen analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Paycom Software presently has a consensus rating of “Hold” and a consensus price target of $257.18.

Paycom Software Trading Down 1.7 %

Shares of PAYC opened at $186.86 on Thursday. The firm has a market capitalization of $10.75 billion, a P/E ratio of 31.67, a P/E/G ratio of 3.24 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. The firm has a fifty day moving average price of $190.47 and a 200-day moving average price of $200.97.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Wednesday, February 7th. The software maker reported $1.93 earnings per share for the quarter, topping 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 analyst estimates of $422.50 million. During the same period in the prior year, the firm earned $1.38 earnings per share. The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. Analysts predict that Paycom Software, Inc. will post 5.73 earnings per share for the current year.

Paycom Software Dividend Announcement

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

Paycom Software 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.