National Bank of Canada FI Grows Stock Holdings in Paycom Software, Inc. (NYSE:PAYC)

National Bank of Canada FI boosted its holdings in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 367.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 49,541 shares of the software maker's stock after buying an additional 38,951 shares during the period. National Bank of Canada FI owned 0.08% of Paycom Software worth $10,136,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in PAYC. Hexagon Capital Partners LLC grew its position in shares of Paycom Software by 333.3% during the fourth quarter. Hexagon Capital Partners LLC now owns 130 shares of the software maker's stock worth $27,000 after acquiring an additional 100 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its holdings in shares of 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 valued at $40,000 after buying an additional 71 shares in the last quarter. GAMMA Investing LLC purchased a new stake in Paycom Software in the 4th quarter worth approximately $49,000. Headlands Technologies LLC bought a new position in shares of Paycom Software during the 3rd quarter valued at $52,000. Finally, Operose Advisors LLC acquired a new stake in shares of Paycom Software in the third quarter valued at about $55,000. Institutional investors and hedge funds own 87.77% of the company's stock.

Paycom Software Stock Performance

Shares of PAYC traded up $1.30 on Thursday, hitting $173.58. 520,972 shares of the stock traded hands, compared to its average volume of 858,738. Paycom Software, Inc. has a one year low of $146.15 and a one year high of $374.04. The company has a market capitalization of $10.09 billion, a PE ratio of 21.14, a P/E/G ratio of 2.84 and a beta of 1.17. The business has a 50 day simple moving average of $188.87 and a 200 day simple moving average of $192.02.

Paycom Software (NYSE:PAYC - Get Free Report) last announced its earnings results on Wednesday, February 7th. The software maker reported $1.93 EPS for the quarter, topping analysts' consensus estimates of $1.78 by $0.15. The company had revenue of $434.60 million for the quarter, compared to analysts' expectations of $422.50 million. Paycom Software had a return on equity of 32.84% and a net margin of 26.91%. Paycom Software's revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period last year, the firm earned $1.38 EPS. On average, equities analysts expect that Paycom Software, Inc. will post 5.82 earnings per share for the current year.

Paycom Software Announces Dividend

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

Analyst Upgrades and Downgrades

PAYC has been the topic of several analyst reports. William Blair reaffirmed a "market perform" rating on shares of Paycom Software in a report on Thursday, May 2nd. UBS Group upped their price objective on shares of Paycom Software from $235.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, January 10th. BMO Capital Markets dropped their price objective on shares of Paycom Software from $200.00 to $190.00 and set a "market perform" rating for the company in a research note on Thursday, May 2nd. Citigroup dropped their price target on Paycom Software from $196.00 to $193.00 and set a "neutral" rating for the company in a research note on Thursday, May 2nd. Finally, Piper Sandler raised their target price on Paycom Software from $185.00 to $190.00 and gave the stock a "neutral" rating in a research note on Thursday, February 8th. Sixteen investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $246.31.

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.