International Assets Investment Management LLC Acquires 782,962 Shares of Paycom Software, Inc. (NYSE:PAYC)

International Assets Investment Management LLC raised its holdings in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 16,173.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 787,803 shares of the software maker's stock after buying an additional 782,962 shares during the period. International Assets Investment Management LLC owned about 1.31% of Paycom Software worth $162,855,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Colony Group LLC grew its position in shares of Paycom Software by 0.5% during the second quarter. Colony Group LLC now owns 7,323 shares of the software maker's stock worth $2,352,000 after acquiring an additional 35 shares during the last quarter. Sunbelt Securities Inc. grew its position in Paycom Software by 37.8% during the 2nd quarter. Sunbelt Securities Inc. now owns 153 shares of the software maker's stock worth $49,000 after purchasing an additional 42 shares during the last quarter. CreativeOne Wealth LLC increased its stake in Paycom Software by 4.6% in the fourth quarter. CreativeOne Wealth LLC now owns 1,030 shares of the software maker's stock valued at $320,000 after purchasing an additional 45 shares during the period. State of Wyoming increased its stake in Paycom Software by 10.6% in the fourth quarter. State of Wyoming now owns 491 shares of the software maker's stock valued at $152,000 after purchasing an additional 47 shares during the period. Finally, Clear Street Markets LLC raised its holdings in shares of Paycom Software by 98.0% in the first quarter. Clear Street Markets LLC now owns 97 shares of the software maker's stock valued at $29,000 after buying an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Citigroup dropped their price objective on shares of Paycom Software from $205.00 to $198.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 31st. UBS Group lifted their price objective on Paycom Software from $235.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, January 10th. JPMorgan Chase & Co. lifted their price target on Paycom Software from $140.00 to $165.00 and gave the company a "neutral" rating in a research note on Thursday, February 8th. Jefferies Financial Group reiterated a "hold" rating and issued a $195.00 price objective on shares of Paycom Software in a research report on Friday, January 5th. Finally, BTIG Research started coverage on shares of Paycom Software in a research report on Tuesday, February 6th. They set a "neutral" rating on the stock. Seventeen equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $257.18.

Paycom Software Price Performance

NYSE:PAYC traded up $0.54 on Friday, reaching $198.29. The stock had a trading volume of 622,158 shares, compared to its average volume of 759,706. The company has a market cap of $11.41 billion, a price-to-earnings ratio of 33.61, a P/E/G ratio of 3.37 and a beta of 1.17. The firm's fifty day moving average is $189.97 and its two-hundred day moving average is $204.39. Paycom Software, Inc. has a 12-month low of $146.15 and a 12-month high of $374.04.

Paycom Software (NYSE:PAYC - Get Free Report) last released its earnings results on Wednesday, February 7th. The software maker reported $1.93 EPS for the quarter, beating the consensus estimate of $1.78 by $0.15. Paycom Software had a return on equity of 24.60% and a net margin of 20.12%. The firm had revenue of $434.60 million during the quarter, compared to analyst estimates of $422.50 million. During the same period in the prior year, the firm posted $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 fiscal year.

Paycom Software Announces Dividend

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

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.