Advisors Preferred LLC Invests $2.45 Million in Paycom Software, Inc. (NYSE:PAYC)

Advisors Preferred LLC acquired a new stake in Paycom Software, Inc. (NYSE:PAYC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 11,990 shares of the software maker's stock, valued at approximately $2,453,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nordea Investment Management AB increased its position in Paycom Software by 8.8% in the 3rd quarter. Nordea Investment Management AB now owns 261,428 shares of the software maker's stock valued at $68,912,000 after acquiring an additional 21,095 shares during the period. US Bancorp DE increased its position in Paycom Software by 25.8% in the 3rd quarter. US Bancorp DE now owns 91,950 shares of the software maker's stock valued at $23,840,000 after acquiring an additional 18,857 shares during the period. Barclays PLC increased its position in shares of Paycom Software by 12.6% during the third quarter. Barclays PLC now owns 125,514 shares of the software maker's stock worth $32,543,000 after buying an additional 14,053 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in shares of Paycom Software by 19.8% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 854,904 shares of the software maker's stock worth $221,651,000 after buying an additional 141,464 shares during the period. Finally, DSM Capital Partners LLC acquired a new stake in shares of Paycom Software during the third quarter worth $60,077,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Paycom Software Stock Performance

Shares of Paycom Software stock traded up $0.54 during trading hours on Friday, reaching $198.29. The company's stock had a trading volume of 622,158 shares, compared to its average volume of 873,512. Paycom Software, Inc. has a one year low of $146.15 and a one year high of $374.04. The company has a market capitalization of $11.41 billion, a P/E ratio of 33.61, a P/E/G ratio of 3.39 and a beta of 1.17. The stock's fifty day simple moving average is $189.97 and its two-hundred day simple moving average is $204.89.

Paycom Software (NYSE:PAYC - Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The software maker reported $1.93 earnings per share for the quarter, beating analysts' consensus estimates of $1.78 by $0.15. Paycom Software had a net margin of 20.12% and a return on equity of 24.60%. The firm had revenue of $434.60 million for the quarter, compared to analyst estimates of $422.50 million. During the same period last year, the firm earned $1.38 earnings per share. The business's quarterly revenue was up 17.3% compared to the same quarter last year. As a group, research analysts forecast that Paycom Software, Inc. will post 5.73 earnings per share for the current year.

Paycom Software Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 4th were given 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 was Friday, March 1st. Paycom Software's payout ratio is currently 25.42%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on PAYC shares. Citigroup decreased their price objective on shares of Paycom Software from $205.00 to $198.00 and set a "neutral" rating for the company in a research report on Wednesday, January 31st. JPMorgan Chase & Co. increased their price objective on shares of Paycom Software from $140.00 to $165.00 and gave the stock a "neutral" rating in a research report on Thursday, February 8th. UBS Group increased their price objective on shares of Paycom Software from $235.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, January 10th. Piper Sandler increased their price objective on shares of Paycom Software from $185.00 to $190.00 and gave the stock a "neutral" rating in a research report on Thursday, February 8th. Finally, BTIG Research began coverage on shares of Paycom Software in a research report on Tuesday, February 6th. They set a "neutral" rating for the company. Seventeen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target 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.