Paycom Software, Inc. (NYSE:PAYC) Shares Purchased by Shaker Investments LLC OH

Shaker Investments LLC OH raised its position in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 52.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,031 shares of the software maker's stock after purchasing an additional 6,242 shares during the period. Paycom Software accounts for approximately 1.7% of Shaker Investments LLC OH's holdings, making the stock its 16th biggest position. Shaker Investments LLC OH's holdings in Paycom Software were worth $3,727,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fairfield Bush & CO. acquired a new stake in shares of Paycom Software in the 2nd quarter worth approximately $27,000. KB Financial Partners LLC acquired a new stake in shares of Paycom Software in the 1st quarter worth approximately $28,000. Clear Street Markets LLC lifted its stake in shares of Paycom Software by 98.0% in the 1st quarter. Clear Street Markets LLC now owns 97 shares of the software maker's stock worth $29,000 after acquiring an additional 48 shares during the period. Sunbelt Securities Inc. acquired a new stake in shares of Paycom Software in the 1st quarter worth approximately $33,000. Finally, Cary Street Partners Investment Advisory LLC lifted its stake in shares of Paycom Software by 83.5% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 156 shares of the software maker's stock worth $40,000 after acquiring an additional 71 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

Paycom Software Stock Down 3.2 %

PAYC stock traded down $6.48 during trading hours on Friday, hitting $198.04. The company's stock had a trading volume of 758,322 shares, compared to its average volume of 865,347. The company has a market capitalization of $11.40 billion, a PE ratio of 33.57, a price-to-earnings-growth ratio of 3.47 and a beta of 1.17. Paycom Software, Inc. has a 12 month low of $146.15 and a 12 month high of $374.04. The stock has a 50 day moving average price of $190.84 and a two-hundred day moving average price of $203.18.

Paycom Software (NYSE:PAYC - Get Free Report) last posted its earnings results on Wednesday, February 7th. The software maker reported $1.93 EPS for the quarter, topping the consensus estimate of $1.78 by $0.15. The company had revenue of $434.60 million during the quarter, compared to the consensus estimate of $422.50 million. Paycom Software had a net margin of 20.12% and a return on equity of 24.60%. The company's revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.38 earnings per share. Sell-side analysts expect that Paycom Software, Inc. will post 5.73 earnings per share for the current year.

Paycom Software Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 4th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Friday, March 1st. Paycom Software's dividend payout ratio is currently 25.42%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PAYC. BTIG Research initiated coverage on shares of Paycom Software in a research note on Tuesday, February 6th. They issued a "neutral" rating for the company. JPMorgan Chase & Co. boosted their target price on shares of Paycom Software from $140.00 to $165.00 and gave the stock a "neutral" rating in a report on Thursday, February 8th. Jefferies Financial Group reiterated a "hold" rating and issued a $195.00 target price on shares of Paycom Software in a report on Friday, January 5th. Citigroup dropped their target price on shares of Paycom Software from $205.00 to $198.00 and set a "neutral" rating on the stock in a report on Wednesday, January 31st. Finally, UBS Group boosted their target price on shares of Paycom Software from $235.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, January 10th. Seventeen analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price 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.

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