Paycom Software, Inc. (NYSE:PAYC) Shares Purchased by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC raised its position in Paycom Software, Inc. (NYSE:PAYC) by 3.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,518 shares of the software maker’s stock after purchasing an additional 225 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Paycom Software were worth $1,554,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in Paycom Software by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 5,799,327 shares of the software maker’s stock valued at $1,503,592,000 after purchasing an additional 32,038 shares in the last quarter. American Century Companies Inc. raised its holdings 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 valued at $295,441,000 after acquiring an additional 180,202 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in Paycom Software by 6.0% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 905,783 shares of the software maker’s stock valued at $172,316,000 after acquiring an additional 50,879 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Paycom Software by 16,173.6% during the 4th quarter. International Assets Investment Management LLC now owns 787,803 shares of the software maker’s stock worth $162,855,000 after acquiring an additional 782,962 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Paycom Software by 3.8% in the 3rd quarter. Northern Trust Corp now owns 538,282 shares of the software maker’s stock worth $139,560,000 after purchasing an additional 19,900 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PAYC. UBS Group increased their price target on shares of Paycom Software from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Piper Sandler lifted their target price on Paycom Software from $185.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. JPMorgan Chase & Co. upped their price target on Paycom Software from $140.00 to $165.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. Citigroup decreased their price objective 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. Finally, BTIG Research started coverage on shares of Paycom Software in a report on Tuesday, February 6th. They set a “neutral” rating on the stock. Seventeen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $257.18.

Paycom Software Stock Down 1.1 %

PAYC stock traded down $2.11 during trading on Wednesday, reaching $185.98. 277,688 shares of the company’s stock were exchanged, compared to its average volume of 838,363. Paycom Software, Inc. has a 1-year low of $146.15 and a 1-year high of $374.04. The firm has a market cap of $10.70 billion, a PE ratio of 31.88, a P/E/G ratio of 3.18 and a beta of 1.17. The company’s fifty day moving average price is $190.04 and its 200-day moving average price is $198.36.

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

Paycom Software Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 18th. Investors 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 0.81%. Paycom Software’s dividend payout ratio is currently 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.