Valeo Financial Advisors LLC Takes Position in Paycom Software, Inc. (NYSE:PAYC)

Valeo Financial Advisors LLC purchased a new position in shares of Paycom Software, Inc. (NYSE:PAYC) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,649 shares of the software maker’s stock, valued at approximately $341,000.

Several other large investors also recently added to or reduced their stakes in the company. Fairfield Bush & CO. purchased a new position in Paycom Software in the 1st quarter valued at approximately $48,000. Cetera Advisor Networks LLC grew its position in shares of Paycom Software by 15.4% in the first quarter. Cetera Advisor Networks LLC now owns 771 shares of the software maker’s stock valued at $267,000 after purchasing an additional 103 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Paycom Software by 356.2% during the 1st quarter. Acadian Asset Management LLC now owns 406 shares of the software maker’s stock valued at $140,000 after purchasing an additional 317 shares during the period. Panagora Asset Management Inc. lifted its holdings in Paycom Software by 62.1% during the 1st quarter. Panagora Asset Management Inc. now owns 3,740 shares of the software maker’s stock worth $1,295,000 after purchasing an additional 1,433 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in 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 worth $2,232,000 after purchasing an additional 401 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Paycom Software Stock Down 3.2 %

Shares of NYSE:PAYC opened at $198.00 on Monday. The stock has a market cap of $11.39 billion, a PE ratio of 33.56, a PEG ratio of 3.38 and a beta of 1.17. The company’s fifty day moving average is $190.90 and its 200 day moving average is $202.02. Paycom Software, Inc. has a 52 week low of $146.15 and a 52 week high of $374.04.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Wednesday, February 7th. The software maker reported $1.93 EPS for the quarter, topping the consensus estimate of $1.78 by $0.15. The firm had revenue of $434.60 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.38 earnings per share. Sell-side analysts anticipate 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. Stockholders of record on Monday, March 4th were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Friday, March 1st. Paycom Software’s dividend payout ratio (DPR) is presently 25.42%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PAYC. 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. 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 research note on Wednesday, January 10th. BTIG Research assumed coverage on shares of Paycom Software in a research report on Tuesday, February 6th. They set a “neutral” rating for the company. Piper Sandler increased their price objective on Paycom Software from $185.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $195.00 price objective on shares of Paycom Software in a research note on Friday, January 5th. Seventeen analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $257.18.

Paycom Software Company 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.