Calamos Advisors LLC Lowers Position in Paycom Software, Inc. (NYSE:PAYC)

Calamos Advisors LLC reduced its holdings in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 53.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,204 shares of the software maker's stock after selling 47,025 shares during the quarter. Calamos Advisors LLC owned about 0.07% of Paycom Software worth $8,311,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Fairfield Bush & CO. purchased a new position in Paycom Software in the 2nd quarter valued at approximately $27,000. KB Financial Partners LLC purchased a new position in Paycom Software in the 1st quarter valued at approximately $28,000. Clear Street Markets LLC increased its stake in Paycom Software by 98.0% in the 1st quarter. Clear Street Markets LLC now owns 97 shares of the software maker's stock valued at $29,000 after purchasing an additional 48 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in Paycom Software in the 1st quarter valued at approximately $33,000. Finally, Cary Street Partners Investment Advisory LLC increased its position in Paycom Software by 83.5% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 156 shares of the software maker's stock worth $40,000 after buying an additional 71 shares in the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on PAYC shares. JPMorgan Chase & Co. raised their price target on Paycom Software from $140.00 to $165.00 and gave the stock a "neutral" rating in a research report on Thursday, February 8th. BTIG Research started coverage on Paycom Software in a research report on Tuesday, February 6th. They set a "neutral" rating for the company. UBS Group raised their price target on 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 lifted their price objective on Paycom Software from $185.00 to $190.00 and gave the company a "neutral" rating in a research report on Thursday, February 8th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and issued a $195.00 price objective on shares of Paycom Software in a research report on Friday, January 5th. Seventeen analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Paycom Software presently has a consensus rating of "Hold" and an average price target of $257.18.

Paycom Software Trading Down 0.9 %

NYSE:PAYC traded down $1.62 during trading hours on Friday, hitting $183.25. 572,598 shares of the stock traded hands, compared to its average volume of 719,346. Paycom Software, Inc. has a fifty-two week low of $146.15 and a fifty-two week high of $374.04. The firm has a market cap of $10.55 billion, a price-to-earnings ratio of 31.06, a PEG ratio of 3.15 and a beta of 1.17. The firm has a 50 day moving average price of $190.12 and a 200 day moving average price of $199.90.

Paycom Software (NYSE:PAYC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The software maker reported $1.93 earnings per share for the quarter, topping analysts' consensus estimates of $1.78 by $0.15. Paycom Software had a return on equity of 24.60% and a net margin of 20.12%. The company 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 firm earned $1.38 earnings per share. The business's quarterly revenue was up 17.3% compared to the same quarter last year. Research analysts predict that Paycom Software, Inc. will post 5.73 EPS for the current year.

Paycom Software Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, March 4th were given a $0.375 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.82%. Paycom Software's dividend payout ratio is currently 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.