Paycom Software, Inc. (NYSE:PAYC) Holdings Raised by Highlander Partners L.P.

Highlander Partners L.P. increased its stake in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 108.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,050 shares of the software maker's stock after acquiring an additional 6,800 shares during the quarter. Paycom Software makes up about 2.2% of Highlander Partners L.P.'s portfolio, making the stock its 15th biggest holding. Highlander Partners L.P.'s holdings in Paycom Software were worth $2,698,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PAYC. Private Advisor Group LLC raised its position in shares of Paycom Software by 104.9% in the fourth quarter. Private Advisor Group LLC now owns 2,522 shares of the software maker's stock valued at $521,000 after buying an additional 1,291 shares during the last quarter. Spire Wealth Management lifted its stake in Paycom Software by 582.9% in the 4th quarter. Spire Wealth Management now owns 22,618 shares of the software maker's stock worth $4,379,000 after purchasing an additional 19,306 shares in the last quarter. National Bank of Canada FI boosted its holdings in shares of Paycom Software by 367.8% during the 4th quarter. National Bank of Canada FI now owns 49,541 shares of the software maker's stock worth $10,136,000 after purchasing an additional 38,951 shares during the last quarter. TCG Advisory Services LLC purchased a new stake in shares of Paycom Software in the fourth quarter valued at approximately $13,058,000. Finally, Knuff & Co LLC acquired a new stake in shares of Paycom Software in the fourth quarter valued at approximately $127,000. Hedge funds and other institutional investors own 87.77% of the company's stock.

Paycom Software Price Performance

Shares of PAYC stock traded up $2.03 during trading hours on Tuesday, reaching $176.47. 482,141 shares of the stock were exchanged, compared to its average volume of 866,620. The business's fifty day moving average is $189.23 and its two-hundred day moving average is $192.74. Paycom Software, Inc. has a 12-month low of $146.15 and a 12-month high of $374.04. The firm has a market capitalization of $10.25 billion, a P/E ratio of 21.65, a P/E/G ratio of 2.84 and a beta of 1.17.

Paycom Software (NYSE:PAYC - Get Free Report) last released its 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 net margin of 26.91% and a return on equity of 32.84%. The firm had revenue of $434.60 million for the quarter, compared to analyst estimates of $422.50 million. During the same period in the prior 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. As a group, equities research analysts predict that Paycom Software, Inc. will post 5.82 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Tuesday, May 28th will be issued 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 yield of 0.85%. Paycom Software's payout ratio is currently 18.27%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PAYC. UBS Group raised their target price on Paycom Software from $235.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, January 10th. William Blair reiterated a "market perform" rating on shares of Paycom Software in a report on Thursday, May 2nd. Barclays cut their price target on shares of Paycom Software from $193.00 to $184.00 and set an "equal weight" rating for the company in a report on Thursday, May 2nd. BMO Capital Markets cut their price objective on Paycom Software from $200.00 to $190.00 and set a "market perform" rating for the company in a research report on Thursday, May 2nd. Finally, JPMorgan Chase & Co. raised their price objective on Paycom Software from $165.00 to $175.00 and gave the stock a "neutral" rating in a research report on Thursday, May 2nd. Sixteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $246.31.

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.