TCG Advisory Services LLC Takes $13.06 Million Position in Paycom Software, Inc. (NYSE:PAYC)

TCG Advisory Services LLC bought a new position in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 63,170 shares of the software maker's stock, valued at approximately $13,058,000. Paycom Software makes up about 0.9% of TCG Advisory Services LLC's portfolio, making the stock its 28th biggest position. TCG Advisory Services LLC owned 0.10% of Paycom Software at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Paycom Software by 0.6% in the third quarter. Vanguard Group Inc. now owns 5,799,327 shares of the software maker's stock valued at $1,503,592,000 after buying an additional 32,038 shares during the period. American Century Companies Inc. lifted its holdings in shares of Paycom Software by 18.8% in the 3rd quarter. American Century Companies Inc. now owns 1,139,511 shares of the software maker's stock worth $295,441,000 after purchasing an additional 180,202 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in Paycom Software by 6.0% in the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 905,783 shares of the software maker's stock valued at $172,316,000 after buying an additional 50,879 shares during the last quarter. International Assets Investment Management LLC raised its position in Paycom Software by 16,173.6% in the 4th quarter. International Assets Investment Management LLC now owns 787,803 shares of the software maker's stock valued at $162,855,000 after buying an additional 782,962 shares during the last quarter. Finally, Northern Trust Corp raised its position in Paycom Software by 3.8% in the 3rd quarter. Northern Trust Corp now owns 538,282 shares of the software maker's stock valued at $139,560,000 after buying an additional 19,900 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company's stock.

Wall Street Analyst Weigh In

PAYC has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased their price target on Paycom Software from $165.00 to $175.00 and gave the company a "neutral" rating in a research report on Thursday. BMO Capital Markets lowered their price target on Paycom Software from $200.00 to $190.00 and set a "market perform" rating for the company in a research report on Thursday. Piper Sandler increased their price target on Paycom Software from $185.00 to $190.00 and gave the company a "neutral" rating in a research report on Thursday, February 8th. Barclays lowered their price target on Paycom Software from $193.00 to $184.00 and set an "equal weight" rating for the company in a research report on Thursday. Finally, BTIG Research initiated coverage on Paycom Software in a research report on Tuesday, February 6th. They set a "neutral" rating for the company. Sixteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $247.25.

Paycom Software Stock Performance

NYSE PAYC traded up $4.57 during trading hours on Friday, hitting $171.29. The company had a trading volume of 1,207,026 shares, compared to its average volume of 838,850. Paycom Software, Inc. has a 52 week low of $146.15 and a 52 week high of $374.04. The firm has a 50 day simple moving average of $189.34 and a 200 day simple moving average of $193.38. The firm has a market capitalization of $9.86 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 2.92 and a beta of 1.17.

Paycom Software (NYSE:PAYC - Get Free Report) last issued 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. Paycom Software had a return on equity of 32.84% and a net margin of 26.91%. The business had revenue of $434.60 million during the quarter, compared to the consensus estimate of $422.50 million. During the same quarter last year, the company earned $1.38 EPS. The firm's revenue was up 17.3% compared to the same quarter last year. On average, research analysts forecast that Paycom Software, Inc. will post 5.82 earnings per share for the current year.

Paycom Software Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Tuesday, May 28th will be given a dividend of $0.375 per share. The ex-dividend date is Friday, May 24th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.88%. Paycom Software's dividend payout ratio (DPR) is presently 18.27%.

Paycom Software 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.