MBB Public Markets I LLC Invests $332,000 in Paycom Software, Inc. $PAYC

Key Points

• MBB Public Markets I LLC purchased 1,519 shares of Paycom Software, valued at approximately $332,000, marking the fund's new position in the company.
• Paycom Software announced a quarterly dividend of $0.375 per share, resulting in an annualized dividend yield of 0.7%, with a payout ratio of 20.30%.
• Wall Street analysts have a consensus rating of "Hold" for PAYC with a target price averaging around $234.36, indicating cautious optimism for the stock's future performance.

MBB Public Markets I LLC bought a new position in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,519 shares of the software maker's stock, valued at approximately $332,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PAYC. von Borstel & Associates Inc. bought a new position in Paycom Software during the first quarter worth about $27,000. SouthState Corp acquired a new stake in shares of Paycom Software during the first quarter worth about $27,000. Golden State Wealth Management LLC raised its position in shares of Paycom Software by 112.3% during the first quarter. Golden State Wealth Management LLC now owns 138 shares of the software maker's stock worth $30,000 after purchasing an additional 73 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of Paycom Software by 135.9% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the software maker's stock worth $33,000 after purchasing an additional 87 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Paycom Software during the first quarter worth about $35,000. Institutional investors own 87.77% of the company's stock.

Paycom Software Price Performance

PAYC stock traded down $3.68 during mid-day trading on Friday, reaching $222.69. The company had a trading volume of 379,384 shares, compared to its average volume of 571,568. The stock has a 50 day simple moving average of $227.07 and a two-hundred day simple moving average of $229.56. The company has a market capitalization of $12.89 billion, a price-to-earnings ratio of 30.13, a PEG ratio of 2.49 and a beta of 0.81. Paycom Software, Inc. has a 52 week low of $158.03 and a 52 week high of $267.76.

Paycom Software (NYSE:PAYC - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.06 earnings per share for the quarter, beating analysts' consensus estimates of $1.78 by $0.28. The firm had revenue of $483.60 million during the quarter, compared to the consensus estimate of $472.00 million. Paycom Software had a return on equity of 25.40% and a net margin of 21.22%.The business's revenue was up 10.5% compared to the same quarter last year. During the same period last year, the company earned $1.62 earnings per share. On average, equities analysts predict that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 8th. Shareholders of record on Monday, August 25th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Monday, August 25th. Paycom Software's dividend payout ratio (DPR) is currently 20.30%.

Analysts Set New Price Targets

PAYC has been the topic of a number of research analyst reports. Cantor Fitzgerald raised Paycom Software to a "hold" rating in a research report on Thursday. KeyCorp raised their price target on Paycom Software from $285.00 to $290.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Barclays raised their price target on Paycom Software from $240.00 to $250.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 7th. BMO Capital Markets raised their price target on Paycom Software from $244.00 to $258.00 and gave the stock a "market perform" rating in a research report on Thursday, August 7th. Finally, JPMorgan Chase & Co. lifted their target price on Paycom Software from $215.00 to $235.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. One analyst has rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $234.36.

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.