3,157 Shares in Paycom Software, Inc. $PAYC Purchased by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. acquired 3,157 shares of Paycom Software, Inc., valued at approximately $690,000, during the first quarter.
• Paycom Software reported a quarterly earnings per share of $2.06, exceeding analyst expectations of $1.78, with a revenue of $483.60 million.
• The stock is currently trading at $222.69 with a market cap of $12.89 billion, while institutional investors hold 87.77% of the company's shares.

Jacobs Levy Equity Management Inc. bought a new stake in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,157 shares of the software maker's stock, valued at approximately $690,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PAYC. Brooklyn Investment Group grew its holdings in shares of Paycom Software by 19.4% during the first quarter. Brooklyn Investment Group now owns 240 shares of the software maker's stock worth $52,000 after buying an additional 39 shares in the last quarter. Commerce Bank boosted its position in shares of Paycom Software by 2.2% during the 1st quarter. Commerce Bank now owns 2,351 shares of the software maker's stock valued at $514,000 after acquiring an additional 50 shares during the last quarter. Allworth Financial LP boosted its position in shares of Paycom Software by 12.9% during the 1st quarter. Allworth Financial LP now owns 464 shares of the software maker's stock valued at $105,000 after acquiring an additional 53 shares during the last quarter. US Bancorp DE boosted its position in shares of Paycom Software by 0.5% during the 1st quarter. US Bancorp DE now owns 10,421 shares of the software maker's stock valued at $2,277,000 after acquiring an additional 57 shares during the last quarter. Finally, Salvus Wealth Management LLC boosted its position in shares of Paycom Software by 4.9% during the 1st quarter. Salvus Wealth Management LLC now owns 1,238 shares of the software maker's stock valued at $270,000 after acquiring an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Paycom Software from $215.00 to $235.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. KeyCorp upped their target price on shares of Paycom Software from $285.00 to $290.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Cantor Fitzgerald raised shares of Paycom Software to a "hold" rating in a research report on Thursday. BMO Capital Markets upped their target price on shares of Paycom Software from $244.00 to $258.00 and gave the company a "market perform" rating in a research report on Thursday, August 7th. Finally, Barclays increased their price target on shares of Paycom Software from $240.00 to $250.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 7th. One analyst has rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat, Paycom Software currently has an average rating of "Hold" and an average target price of $234.36.

Paycom Software Stock Performance

Paycom Software stock traded down $4.10 during midday trading on Monday, reaching $218.54. The company's stock had a trading volume of 485,361 shares, compared to its average volume of 560,857. Paycom Software, Inc. has a fifty-two week low of $158.03 and a fifty-two week high of $267.76. The stock's 50 day simple moving average is $226.80 and its 200 day simple moving average is $229.72. The firm has a market capitalization of $12.65 billion, a PE ratio of 29.57, a P/E/G ratio of 2.45 and a beta of 0.81.

Paycom Software (NYSE:PAYC - Get Free Report) last announced 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. Paycom Software had a return on equity of 25.40% and a net margin of 21.22%.The business had revenue of $483.60 million during the quarter, compared to analysts' expectations of $472.00 million. During the same quarter last year, the business posted $1.62 earnings per share. The business's revenue for the quarter was up 10.5% on a year-over-year basis. Equities analysts predict that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 8th. Investors of record on Monday, August 25th were given a dividend of $0.375 per share. 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%.

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.