Paycom Software, Inc. (NYSE:PAYC) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in shares of Paycom Software, Inc. (NYSE:PAYCFree Report) by 2.9% in the third quarter, Holdings Channel.com reports. The firm owned 289,836 shares of the software maker’s stock after purchasing an additional 8,098 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Paycom Software were worth $75,146,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Colony Group LLC boosted its position in Paycom Software by 0.5% during the second quarter. Colony Group LLC now owns 7,323 shares of the software maker’s stock valued at $2,352,000 after purchasing an additional 35 shares during the last quarter. Sunbelt Securities Inc. lifted its position in shares of Paycom Software by 37.8% in the second quarter. Sunbelt Securities Inc. now owns 153 shares of the software maker’s stock worth $49,000 after buying an additional 42 shares during the last quarter. CreativeOne Wealth LLC lifted its position in shares of Paycom Software by 4.6% in the fourth quarter. CreativeOne Wealth LLC now owns 1,030 shares of the software maker’s stock worth $320,000 after buying an additional 45 shares during the last quarter. State of Wyoming lifted its position in shares of Paycom Software by 10.6% in the fourth quarter. State of Wyoming now owns 491 shares of the software maker’s stock worth $152,000 after buying an additional 47 shares during the last quarter. Finally, Clear Street Markets LLC lifted its position in shares of Paycom Software by 98.0% in the first quarter. Clear Street Markets LLC now owns 97 shares of the software maker’s stock worth $29,000 after buying an additional 48 shares during the last quarter. Institutional investors and hedge funds own 88.69% of the company’s stock.

Paycom Software Trading Up 0.9 %

Shares of PAYC opened at $191.69 on Tuesday. Paycom Software, Inc. has a 12-month low of $146.15 and a 12-month high of $374.04. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $11.55 billion, a price-to-earnings ratio of 32.49, a P/E/G ratio of 2.60 and a beta of 1.21. The stock’s 50-day moving average price is $197.45 and its 200 day moving average price is $232.88.

Paycom Software (NYSE:PAYCGet Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The software maker reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.15. The firm had revenue of $434.60 million for the quarter, compared to analyst estimates of $422.50 million. Paycom Software had a return on equity of 24.60% and a net margin of 20.12%. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.38 earnings per share. As a group, research analysts predict that Paycom Software, Inc. will post 6.25 earnings per share for the current year.

Paycom Software Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 18th. Shareholders 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 0.78%. The ex-dividend date of this dividend is Friday, March 1st. Paycom Software’s payout ratio is 25.42%.

Wall Street Analysts Forecast Growth

PAYC has been the subject of a number of analyst reports. BTIG Research initiated coverage on Paycom Software in a research report on Tuesday, February 6th. They issued a “neutral” rating for the company. TD Cowen cut Paycom Software from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $331.00 to $202.00 in a research report on Wednesday, November 1st. Deutsche Bank Aktiengesellschaft lowered Paycom Software from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $400.00 to $175.00 in a research note on Wednesday, November 1st. Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a research note on Wednesday, November 1st. Finally, BMO Capital Markets dropped their price objective on Paycom Software from $320.00 to $190.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 1st. Seventeen analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $262.33.

Check Out Our Latest Report on Paycom Software

Paycom Software Company 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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