Paycom Software, Inc. (NYSE:PAYC) Shares Acquired by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc boosted its stake in Paycom Software, Inc. (NYSE:PAYC) by 19.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,297 shares of the software maker’s stock after acquiring an additional 1,644 shares during the period. Marks Group Wealth Management Inc’s holdings in Paycom Software were worth $2,129,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in PAYC. International Assets Investment Management LLC raised its holdings in Paycom Software by 16,173.6% in the fourth quarter. International Assets Investment Management LLC now owns 787,803 shares of the software maker’s stock valued at $162,855,000 after acquiring an additional 782,962 shares in the last quarter. Meritage Group LP acquired a new stake in shares of Paycom Software during the third quarter worth $103,800,000. Boston Trust Walden Corp acquired a new stake in shares of Paycom Software during the fourth quarter worth $48,865,000. DSM Capital Partners LLC acquired a new stake in shares of Paycom Software during the third quarter worth $60,077,000. Finally, American Century Companies Inc. raised its holdings in shares of Paycom Software by 18.8% during 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 period. 87.77% of the stock is owned by institutional investors and hedge funds.

Paycom Software Stock Performance

Shares of NYSE PAYC traded up $3.52 during mid-day trading on Tuesday, reaching $190.23. The company had a trading volume of 220,183 shares, compared to its average volume of 840,430. The stock has a fifty day moving average of $190.02 and a two-hundred day moving average of $198.94. Paycom Software, Inc. has a 12-month low of $146.15 and a 12-month high of $374.04. The company has a market capitalization of $10.95 billion, a price-to-earnings ratio of 31.65, a PEG ratio of 3.13 and a beta of 1.17.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Wednesday, February 7th. The software maker reported $1.93 EPS for the quarter, topping analysts’ consensus estimates 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 prior year, the company posted $1.38 earnings per share. The firm’s revenue was up 17.3% on a year-over-year basis. Sell-side analysts forecast that Paycom Software, Inc. will post 5.73 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

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

Analyst Ratings Changes

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

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.