Paycom Software, Inc. (NYSE:PAYC) Shares Bought by Diversified Trust Co

Diversified Trust Co lifted its stake in shares of Paycom Software, Inc. (NYSE:PAYCFree Report) by 24.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,840 shares of the software maker’s stock after acquiring an additional 566 shares during the period. Diversified Trust Co’s holdings in Paycom Software were worth $587,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its stake in Paycom Software by 0.6% during the third quarter. Vanguard Group Inc. now owns 5,799,327 shares of the software maker’s stock worth $1,503,592,000 after acquiring an additional 32,038 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Paycom Software by 59.6% during the 2nd quarter. Alliancebernstein L.P. now owns 2,146,132 shares of the software maker’s stock worth $689,423,000 after purchasing an additional 801,539 shares during the period. State Street Corp increased its position in Paycom Software by 2.4% during the 1st quarter. State Street Corp now owns 1,911,316 shares of the software maker’s stock worth $581,056,000 after purchasing an additional 43,991 shares in the last quarter. Wellington Management Group LLP raised its holdings in Paycom Software by 8.7% in the first quarter. Wellington Management Group LLP now owns 1,359,073 shares of the software maker’s stock valued at $470,756,000 after buying an additional 108,505 shares during the period. Finally, Franklin Resources Inc. lifted its position in Paycom Software by 5.3% during the second quarter. Franklin Resources Inc. now owns 1,153,280 shares of the software maker’s stock valued at $370,480,000 after buying an additional 58,218 shares in the last quarter. 88.69% of the stock is owned by institutional investors and hedge funds.

Paycom Software Stock Down 1.1 %

NYSE:PAYC opened at $189.59 on Wednesday. The company has a market cap of $10.91 billion, a PE ratio of 32.13, a P/E/G ratio of 3.27 and a beta of 1.16. The business’s 50 day moving average is $189.99 and its two-hundred day moving average is $211.96. Paycom Software, Inc. has a 52 week low of $146.15 and a 52 week 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 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.15. Paycom Software had a net margin of 20.12% and a return on equity of 24.60%. The company had revenue of $434.60 million for the quarter, compared to analysts’ expectations of $422.50 million. During the same period in the prior year, the company earned $1.38 earnings per share. The firm’s 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 EPS for the current fiscal year.

Paycom Software Dividend Announcement

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

Analyst Ratings Changes

Several research firms have recently issued reports on PAYC. Jefferies Financial Group reissued a “hold” rating and issued a $195.00 price objective on shares of Paycom Software in a research report on Friday, January 5th. Citigroup cut their price objective on Paycom Software from $205.00 to $198.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 31st. JPMorgan Chase & Co. upped their target price on Paycom Software from $140.00 to $165.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. UBS Group increased their target price on Paycom Software from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Finally, BTIG Research initiated coverage on Paycom Software in a research 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 four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $262.33.

Get Our Latest Analysis on Paycom Software

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.

Further Reading

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

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