Kingsview Wealth Management LLC Makes New Investment in Paycom Software, Inc. (NYSE:PAYC)

Kingsview Wealth Management LLC acquired a new stake in Paycom Software, Inc. (NYSE:PAYCFree Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,098 shares of the software maker’s stock, valued at approximately $285,000.

A number of other hedge funds also recently bought and sold shares of PAYC. Fairfield Bush & CO. acquired a new stake in Paycom Software in the 1st quarter valued at about $48,000. Cetera Advisor Networks LLC raised its holdings in Paycom Software by 15.4% in the 1st quarter. Cetera Advisor Networks LLC now owns 771 shares of the software maker’s stock valued at $267,000 after acquiring an additional 103 shares during the last quarter. Acadian Asset Management LLC raised its holdings in Paycom Software by 356.2% in the 1st quarter. Acadian Asset Management LLC now owns 406 shares of the software maker’s stock valued at $140,000 after acquiring an additional 317 shares during the last quarter. Panagora Asset Management Inc. raised its holdings in Paycom Software by 62.1% in the 1st quarter. Panagora Asset Management Inc. now owns 3,740 shares of the software maker’s stock valued at $1,295,000 after acquiring an additional 1,433 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Paycom Software by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,443 shares of the software maker’s stock valued at $2,232,000 after buying an additional 401 shares during the period. Institutional investors and hedge funds own 88.69% of the company’s stock.

Paycom Software Stock Up 0.7 %

PAYC stock opened at $199.03 on Thursday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a market capitalization of $11.99 billion, a PE ratio of 34.02, a P/E/G ratio of 1.73 and a beta of 1.21. The company’s 50 day simple moving average is $196.62 and its 200-day simple moving average is $237.43. Paycom Software, Inc. has a 12 month low of $146.15 and a 12 month high of $374.04.

Paycom Software (NYSE:PAYCGet Free Report) last issued its earnings results on Wednesday, February 7th. The software maker reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.15. The business had revenue of $434.60 million for the quarter, compared to the consensus estimate of $422.50 million. Paycom Software had a net margin of 20.80% and a return on equity of 25.02%. The business’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.38 EPS. Equities analysts expect that Paycom Software, Inc. will post 6.02 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 18th. Investors of record on Monday, March 4th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Friday, March 1st. Paycom Software’s payout ratio is 25.64%.

Analyst Ratings Changes

Several analysts have recently commented on PAYC shares. BMO Capital Markets reduced their price target on shares of Paycom Software from $320.00 to $190.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 1st. Mizuho reduced their price target on shares of Paycom Software from $325.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 1st. Jefferies Financial Group reaffirmed a “hold” rating and set a $195.00 price target on shares of Paycom Software in a research report on Friday, January 5th. Stifel Nicolaus lowered shares of Paycom Software from a “buy” rating to a “hold” rating and reduced their price target for the company from $400.00 to $160.00 in a research report on Wednesday, November 1st. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Paycom Software from a “buy” rating to a “hold” rating and reduced their price target for the company from $400.00 to $175.00 in a research report on Wednesday, November 1st. Sixteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $267.76.

Read Our Latest Analysis on PAYC

Paycom Software Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Paycom Software (NYSE:PAYC)

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