Court Place Advisors LLC Acquires 65 Shares of Paycom Software, Inc. (NYSE:PAYC)

Court Place Advisors LLC lifted its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 3.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,065 shares of the software maker’s stock after purchasing an additional 65 shares during the period. Court Place Advisors LLC’s holdings in Paycom Software were worth $427,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in PAYC. Fairfield Bush & CO. bought a new position in Paycom Software in the first quarter valued at about $48,000. Cetera Advisor Networks LLC boosted its holdings in Paycom Software by 15.4% in the first quarter. Cetera Advisor Networks LLC now owns 771 shares of the software maker’s stock valued at $267,000 after acquiring an additional 103 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in Paycom Software by 356.2% in the first quarter. Acadian Asset Management LLC now owns 406 shares of the software maker’s stock valued at $140,000 after acquiring an additional 317 shares during the last quarter. Panagora Asset Management Inc. boosted its holdings in Paycom Software by 62.1% in the first quarter. Panagora Asset Management Inc. now owns 3,740 shares of the software maker’s stock valued at $1,295,000 after acquiring an additional 1,433 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Paycom Software by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,443 shares of the software maker’s stock valued at $2,232,000 after buying an additional 401 shares during the period. Institutional investors own 87.77% of the company’s stock.

Paycom Software Stock Performance

Paycom Software stock traded down $3.29 during midday trading on Wednesday, reaching $186.86. The stock had a trading volume of 821,807 shares, compared to its average volume of 860,242. The firm’s fifty day simple moving average is $190.72 and its 200-day simple moving average is $201.07. Paycom Software, Inc. has a 1-year low of $146.15 and a 1-year high of $374.04. The stock has a market capitalization of $10.75 billion, a P/E ratio of 31.67, a price-to-earnings-growth ratio of 3.29 and a beta of 1.17.

Paycom Software (NYSE:PAYC) last announced its earnings results on Wednesday, February 7th. The software maker reported $1.93 earnings per share (EPS) for the quarter, beating 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 business had revenue of $434.60 million for the quarter, compared to analyst estimates of $422.50 million. During the same quarter last year, the firm earned $1.38 EPS. Paycom Software’s revenue for the quarter was up 17.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Paycom Software, Inc. will post 5.73 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 4th were given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date was Friday, March 1st. Paycom Software’s dividend payout ratio is presently 25.42%.

Analysts Set New Price Targets

Several equities analysts have weighed in on PAYC shares. BTIG Research started coverage on Paycom Software in a research note on Tuesday, February 6th. They issued a “neutral” rating on the stock. Citigroup cut their target price on Paycom Software from $205.00 to $198.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 31st. JPMorgan Chase & Co. increased their target price on Paycom Software from $140.00 to $165.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. Jefferies Financial Group reissued a “hold” rating and issued a $195.00 target price on shares of Paycom Software in a research note on Friday, January 5th. 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 research note on Wednesday, January 10th. Seventeen investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $257.18.

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.