UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $65.70 Million Stake in Paycom Software, Inc. $PAYC

Key Points

• UBS AM increased its stake in Paycom Software by 1.3%, holding approximately $65.70 million worth of shares at the end of the previous quarter.
• Paycom Software reported $2.06 earnings per share in its latest quarterly results, exceeding analysts' expectations of $1.78.
• The company has declared a quarterly dividend of $0.375, representing an annualized dividend yield of 0.7%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 1.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 300,730 shares of the software maker's stock after buying an additional 3,967 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.52% of Paycom Software worth $65,703,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of PAYC. Brighton Jones LLC acquired a new stake in shares of Paycom Software in the fourth quarter valued at about $638,000. Focus Partners Wealth acquired a new stake in shares of Paycom Software in the fourth quarter valued at about $252,000. Nuveen Asset Management LLC grew its position in shares of Paycom Software by 5.4% in the fourth quarter. Nuveen Asset Management LLC now owns 125,919 shares of the software maker's stock valued at $25,810,000 after purchasing an additional 6,415 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its position in shares of Paycom Software by 1.2% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 6,357 shares of the software maker's stock valued at $1,314,000 after purchasing an additional 77 shares during the last quarter. Finally, Mufg Securities Americas Inc. acquired a new stake in shares of Paycom Software in the fourth quarter valued at about $147,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Paycom Software Trading Down 1.6%

NYSE:PAYC opened at $222.69 on Monday. Paycom Software, Inc. has a 1 year low of $158.03 and a 1 year high of $267.76. The firm has a 50 day moving average of $227.07 and a 200-day moving average of $229.72. The stock has a market capitalization of $12.89 billion, a P/E ratio of 30.13, a price-to-earnings-growth ratio of 2.45 and a beta of 0.81.

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

Paycom Software Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. KeyCorp raised their price target on Paycom Software from $285.00 to $290.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. JPMorgan Chase & Co. raised their price target on Paycom Software from $215.00 to $235.00 and gave the company a "neutral" 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 company a "market perform" 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 company an "equal weight" rating in a research report on Thursday, August 7th. Finally, Cantor Fitzgerald raised Paycom Software to a "hold" rating in a research report on Thursday. One research analyst has rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $234.36.

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.

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