Spire Wealth Management Has $4.38 Million Stock Holdings in Paycom Software, Inc. (NYSE:PAYC)

Spire Wealth Management boosted its position in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 582.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,618 shares of the software maker's stock after purchasing an additional 19,306 shares during the period. Spire Wealth Management's holdings in Paycom Software were worth $4,379,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its position in shares of Paycom Software by 16,173.6% during 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 acquiring an additional 782,962 shares during the last quarter. Meritage Group LP acquired a new stake in shares of Paycom Software during the 3rd quarter valued at $103,800,000. Boston Trust Walden Corp acquired a new stake in shares of Paycom Software during the 4th quarter valued at $48,865,000. DSM Capital Partners LLC acquired a new stake in shares of Paycom Software during the 3rd quarter valued at $60,077,000. Finally, American Century Companies Inc. lifted its position in shares of Paycom Software by 18.8% during the 3rd quarter. American Century Companies Inc. now owns 1,139,511 shares of the software maker's stock valued at $295,441,000 after acquiring an additional 180,202 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Paycom Software Trading Up 1.8 %

Paycom Software stock traded up $3.15 during mid-day trading on Monday, hitting $174.44. 732,491 shares of the company's stock were exchanged, compared to its average volume of 870,644. The stock has a market cap of $10.14 billion, a P/E ratio of 21.25, a P/E/G ratio of 2.84 and a beta of 1.17. Paycom Software, Inc. has a 1-year low of $146.15 and a 1-year high of $374.04. The stock has a 50 day moving average of $189.23 and a two-hundred day moving average of $192.74.

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 firm had revenue of $434.60 million for the quarter, compared to the consensus estimate of $422.50 million. Paycom Software had a net margin of 26.91% and a return on equity of 32.84%. The business's quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.38 earnings per share. As a group, research analysts predict that Paycom Software, Inc. will post 5.82 EPS for the current fiscal year.

Paycom Software Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Tuesday, May 28th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Friday, May 24th. Paycom Software's payout ratio is 18.27%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on PAYC shares. Citigroup cut their price objective on Paycom Software from $196.00 to $193.00 and set a "neutral" rating for the company in a research report on Thursday. William Blair restated a "market perform" rating on shares of Paycom Software in a report on Thursday. Needham & Company LLC restated a "hold" rating on shares of Paycom Software in a report on Thursday. Barclays reduced their target price on Paycom Software from $193.00 to $184.00 and set an "equal weight" rating for the company in a report on Thursday. Finally, UBS Group increased their target price on Paycom Software from $235.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, January 10th. Sixteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Paycom Software has a consensus rating of "Hold" and an average price target of $246.31.

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.