Strs Ohio Makes New $728,000 Investment in Paycom Software, Inc. $PAYC

Key Points

• Strs Ohio has acquired 3,330 shares of Paycom Software, Inc. (PAYC) in Q1, valued at approximately $728,000.
• Paycom Software's shares recently experienced a slight drop of 0.1%, with a current price of $216.32, and a market cap of $12.52 billion.
• UBS Group recently lowered its price target for Paycom Software from $310 to $285, while several analysts maintain a consensus target price of $238.58.

Strs Ohio acquired a new stake in Paycom Software, Inc. (NYSE:PAYC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,330 shares of the software maker's stock, valued at approximately $728,000.

Other hedge funds have also bought and sold shares of the company. Brooklyn Investment Group boosted its position in Paycom Software by 19.4% in the 1st quarter. Brooklyn Investment Group now owns 240 shares of the software maker's stock valued at $52,000 after buying an additional 39 shares during the period. Commerce Bank raised its stake in Paycom Software by 2.2% during the first quarter. Commerce Bank now owns 2,351 shares of the software maker's stock worth $514,000 after purchasing an additional 50 shares during the period. Allworth Financial LP increased its position in shares of Paycom Software by 12.9% in the first quarter. Allworth Financial LP now owns 464 shares of the software maker's stock worth $105,000 after acquiring an additional 53 shares in the last quarter. US Bancorp DE grew its holdings in Paycom Software by 0.5% during the 1st quarter. US Bancorp DE now owns 10,421 shares of the software maker's stock worth $2,277,000 after acquiring an additional 57 shares in the last quarter. Finally, Salvus Wealth Management LLC lifted its position in shares of Paycom Software by 4.9% in the 1st quarter. Salvus Wealth Management LLC now owns 1,238 shares of the software maker's stock worth $270,000 after buying an additional 58 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors.

Paycom Software Trading Down 0.1%

PAYC stock traded down $0.23 during trading on Friday, reaching $216.32. The stock had a trading volume of 1,660,400 shares, compared to its average volume of 558,613. The stock's 50 day moving average is $225.68 and its two-hundred day moving average is $229.55. The firm has a market cap of $12.52 billion, a PE ratio of 29.27, a PEG ratio of 2.38 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 announced its earnings results on Wednesday, August 6th. The software maker reported $2.06 EPS for the quarter, topping 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 firm had revenue of $483.60 million during the quarter, compared to analysts' expectations of $472.00 million. During the same quarter in the previous year, the business earned $1.62 EPS. The company's quarterly revenue was up 10.5% on a year-over-year basis. On average, research analysts anticipate that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 8th. Investors of record on Monday, August 25th were paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, August 25th. This represents a $1.50 annualized dividend and a yield of 0.7%. Paycom Software's dividend payout ratio is presently 20.30%.

Insider Buying and Selling

In other news, insider Bradley Scott Smith sold 1,500 shares of the company's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $223.27, for a total transaction of $334,905.00. Following the completion of the transaction, the insider directly owned 24,533 shares of the company's stock, valued at approximately $5,477,482.91. This represents a 5.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 10.90% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently commented on PAYC shares. JPMorgan Chase & Co. boosted their price objective 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 lifted their price objective on shares of Paycom Software from $285.00 to $290.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. BMO Capital Markets lifted their price objective on shares of Paycom Software from $244.00 to $258.00 and gave the company a "market perform" rating in a report on Thursday, August 7th. Cantor Fitzgerald upgraded shares of Paycom Software to a "hold" rating in a research note on Thursday, September 11th. Finally, UBS Group dropped their price objective on shares of Paycom Software from $310.00 to $285.00 and set a "buy" rating for the company in a report on Wednesday. Two investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, Paycom Software has an average rating of "Hold" and an average target price of $238.58.

About Paycom Software

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.