Pembroke Management LTD raised its position in Paycom Software, Inc. (NYSE:PAYC – Free Report) by 0.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 64,656 shares of the software maker’s stock after buying an additional 433 shares during the quarter. Paycom Software comprises about 2.1% of Pembroke Management LTD’s holdings, making the stock its 19th largest position. Pembroke Management LTD owned approximately 0.11% of Paycom Software worth $19,656,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of PAYC. Vanguard Group Inc. grew its stake in shares of Paycom Software by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 5,535,044 shares of the software maker’s stock worth $1,917,229,000 after purchasing an additional 73,414 shares during the period. State Street Corp grew its stake in shares of Paycom Software by 1.3% during the 3rd quarter. State Street Corp now owns 1,849,465 shares of the software maker’s stock worth $610,305,000 after purchasing an additional 23,413 shares during the period. Wellington Management Group LLP grew its stake in shares of Paycom Software by 8.7% during the 1st quarter. Wellington Management Group LLP now owns 1,359,073 shares of the software maker’s stock worth $470,756,000 after purchasing an additional 108,505 shares during the period. Geode Capital Management LLC grew its stake in shares of Paycom Software by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 1,091,975 shares of the software maker’s stock worth $338,274,000 after purchasing an additional 27,682 shares during the period. Finally, Morgan Stanley grew its stake in shares of Paycom Software by 147.5% during the 4th quarter. Morgan Stanley now owns 1,084,991 shares of the software maker’s stock worth $336,684,000 after purchasing an additional 646,679 shares during the period. 74.73% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
PAYC has been the topic of a number of recent analyst reports. Barclays upped their price target on shares of Paycom Software from $336.00 to $368.00 in a research note on Wednesday, July 19th. BMO Capital Markets upped their price target on shares of Paycom Software from $289.00 to $302.00 in a research note on Wednesday, May 3rd. DA Davidson upgraded shares of Paycom Software from a “neutral” rating to a “buy” rating and set a $350.00 price objective on the stock in a research report on Thursday, March 30th. They noted that the move was a valuation call. TheStreet upgraded shares of Paycom Software from a “c+” rating to a “b-” rating in a research report on Monday, July 3rd. Finally, Piper Sandler decreased their price objective on shares of Paycom Software from $417.00 to $399.00 in a research report on Wednesday, May 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Paycom Software has a consensus rating of “Moderate Buy” and a consensus price target of $377.29.
In other news, Director Jason D. Clark sold 430 shares of the company’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $278.99, for a total transaction of $119,965.70. Following the completion of the transaction, the director now owns 5,100 shares of the company’s stock, valued at approximately $1,422,849. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 14.50% of the company’s stock.
Paycom Software Trading Up 1.0 %
NYSE:PAYC traded up $3.42 on Monday, reaching $353.60. The stock had a trading volume of 81,529 shares, compared to its average volume of 526,182. The company has a market cap of $21.32 billion, a price-to-earnings ratio of 65.70, a P/E/G ratio of 2.26 and a beta of 1.44. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.19 and a quick ratio of 1.19. The firm’s fifty day moving average is $311.85 and its two-hundred day moving average is $302.49. Paycom Software, Inc. has a 12-month low of $262.11 and a 12-month high of $402.78.
Paycom Software (NYSE:PAYC – Get Free Report) last released its earnings results on Tuesday, May 2nd. The software maker reported $2.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.06. The company had revenue of $451.64 million for the quarter, compared to analyst estimates of $444.23 million. Paycom Software had a net margin of 20.96% and a return on equity of 26.29%. Equities analysts expect that Paycom Software, Inc. will post 6.2 EPS for the current fiscal year.
Paycom Software Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 12th. Stockholders of record on Tuesday, May 30th were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend was Friday, May 26th. Paycom Software’s dividend payout ratio is currently 28.14%.
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.