Capital Investment Advisory Services LLC Purchases 130 Shares of Paycom Software, Inc. (NYSE:PAYC)

Capital Investment Advisory Services LLC raised its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 9.5% during the fourth quarter, HoldingsChannel reports. The fund owned 1,498 shares of the software maker’s stock after acquiring an additional 130 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Paycom Software were worth $310,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of PAYC. Cary Street Partners Investment Advisory LLC increased its stake in Paycom Software by 83.5% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 156 shares of the software maker’s stock worth $40,000 after buying an additional 71 shares during the period. Headlands Technologies LLC purchased a new position in Paycom Software in the 3rd quarter worth about $52,000. Operose Advisors LLC purchased a new position in Paycom Software in the 3rd quarter worth about $55,000. Rakuten Securities Inc. purchased a new position in Paycom Software in the 4th quarter worth about $62,000. Finally, Clearstead Advisors LLC increased its stake in Paycom Software by 2,536.8% in the 3rd quarter. Clearstead Advisors LLC now owns 501 shares of the software maker’s stock worth $130,000 after buying an additional 482 shares during the period. Institutional investors own 87.77% of the company’s stock.

Paycom Software Stock Performance

NYSE:PAYC opened at $188.09 on Wednesday. The stock has a market capitalization of $10.82 billion, a P/E ratio of 31.88, a P/E/G ratio of 3.18 and a beta of 1.17. The company’s 50-day simple moving average is $190.04 and its 200-day simple moving average is $198.36. Paycom Software, Inc. has a fifty-two week low of $146.15 and a fifty-two week high of $374.04.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, February 7th. The software maker reported $1.93 EPS for the quarter, beating the consensus estimate of $1.78 by $0.15. The firm had revenue of $434.60 million during the quarter, compared to analyst estimates of $422.50 million. Paycom Software had a net margin of 20.12% and a return on equity of 24.60%. Paycom Software’s revenue was up 17.3% on a year-over-year basis. During the same period last year, the firm posted $1.38 EPS. On average, research analysts forecast that Paycom Software, Inc. will post 5.73 EPS for the current year.

Paycom Software Dividend Announcement

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

Analyst Ratings Changes

Several research analysts recently commented on PAYC shares. BTIG Research assumed coverage on shares of Paycom Software in a research note on Tuesday, February 6th. They issued a “neutral” rating on the stock. Piper Sandler increased their target price on shares of Paycom Software from $185.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. UBS Group increased their target price on shares of Paycom Software from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. Citigroup dropped their target price on shares of Paycom Software from $205.00 to $198.00 and set a “neutral” rating on the stock in a report on Wednesday, January 31st. Finally, JPMorgan Chase & Co. increased their target price 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. Seventeen analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $257.18.

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.