Nisa Investment Advisors LLC Has $577,000 Holdings in Paycom Software, Inc. (NYSE:PAYC)

Nisa Investment Advisors LLC cut its holdings in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 59.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,792 shares of the software maker's stock after selling 4,097 shares during the period. Nisa Investment Advisors LLC's holdings in Paycom Software were worth $577,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Alliancebernstein L.P. raised its position in shares of Paycom Software by 59.6% during the 2nd quarter. Alliancebernstein L.P. now owns 2,146,132 shares of the software maker's stock worth $689,423,000 after buying an additional 801,539 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Paycom Software by 16,173.6% during the fourth quarter. International Assets Investment Management LLC now owns 787,803 shares of the software maker's stock worth $162,855,000 after acquiring an additional 782,962 shares during the period. Morgan Stanley grew its holdings in Paycom Software by 147.5% during the fourth quarter. Morgan Stanley now owns 1,084,991 shares of the software maker's stock worth $336,684,000 after acquiring an additional 646,679 shares during the period. Meritage Group LP bought a new stake in Paycom Software in the third quarter worth about $103,800,000. Finally, Goldman Sachs Group Inc. lifted its holdings in Paycom Software by 47.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 877,824 shares of the software maker's stock valued at $304,061,000 after acquiring an additional 283,892 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PAYC has been the topic of a number of research reports. 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. BTIG Research assumed coverage on Paycom Software in a research report on Tuesday, February 6th. They set a "neutral" rating on the stock. Jefferies Financial Group reiterated a "hold" rating and issued a $195.00 price target on shares of Paycom Software in a research report on Friday, January 5th. UBS Group boosted their price objective on Paycom Software from $235.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, January 10th. Finally, Citigroup decreased their target price on shares of Paycom Software from $205.00 to $198.00 and set a "neutral" rating for the company in a report on Wednesday, January 31st. 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 company currently has a consensus rating of "Hold" and an average price target of $257.18.

Paycom Software Price Performance

PAYC traded down $1.99 during trading on Thursday, reaching $184.87. 613,828 shares of the stock traded hands, compared to its average volume of 856,958. Paycom Software, Inc. has a fifty-two week low of $146.15 and a fifty-two week high of $374.04. The stock's 50-day simple moving average is $190.47 and its two-hundred day simple moving average is $200.97. The stock has a market cap of $10.64 billion, a price-to-earnings ratio of 31.67, a price-to-earnings-growth ratio of 3.24 and a beta of 1.17.

Paycom Software (NYSE:PAYC - Get Free Report) last announced its quarterly 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 business had revenue of $434.60 million during the quarter, compared to analysts' expectations of $422.50 million. During the same quarter in the previous year, the business posted $1.38 EPS. The firm's quarterly revenue was up 17.3% compared to the same quarter last year. Research analysts anticipate that Paycom Software, Inc. will post 5.73 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, March 4th were paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.50 annualized dividend and a dividend yield of 0.81%. Paycom Software's dividend payout ratio (DPR) is 25.42%.

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.