Howard Wealth Management LLC bought a new stake in Paycom Software, Inc. (NYSE:PAYC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,200 shares of the software maker's stock, valued at approximately $246,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PAYC. Brooklyn Investment Group acquired a new position in Paycom Software in the third quarter valued at about $28,000. Pin Oak Investment Advisors Inc. boosted its position in shares of Paycom Software by 73.3% during the third quarter. Pin Oak Investment Advisors Inc. now owns 182 shares of the software maker's stock worth $30,000 after buying an additional 77 shares during the period. First Horizon Advisors Inc. boosted its position in shares of Paycom Software by 821.7% during the third quarter. First Horizon Advisors Inc. now owns 212 shares of the software maker's stock worth $35,000 after buying an additional 189 shares during the period. Blue Trust Inc. boosted its position in shares of Paycom Software by 277.1% during the third quarter. Blue Trust Inc. now owns 264 shares of the software maker's stock worth $44,000 after buying an additional 194 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Paycom Software during the third quarter worth about $79,000. 87.77% of the stock is owned by institutional investors and hedge funds.
NYSE:PAYC opened at $209.72 on Friday. The stock's 50 day moving average price is $210.84 and its two-hundred day moving average price is $191.52. The firm has a market capitalization of $12.09 billion, a price-to-earnings ratio of 25.24, a P/E/G ratio of 2.81 and a beta of 1.15. Paycom Software, Inc. has a 12-month low of $139.50 and a 12-month high of $242.74.
Paycom Software (NYSE:PAYC - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The software maker reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.03. Paycom Software had a return on equity of 32.90% and a net margin of 25.78%. Equities research analysts expect that Paycom Software, Inc. will post 6.88 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Monday, March 10th. Paycom Software's payout ratio is 18.05%.
Several research analysts have recently weighed in on the company. Piper Sandler upped their price objective on Paycom Software from $191.00 to $224.00 and gave the stock a "neutral" rating in a research report on Friday. Mizuho upped their price objective on Paycom Software from $190.00 to $210.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. Citigroup reduced their price objective on Paycom Software from $234.00 to $221.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Jefferies Financial Group upped their price objective on Paycom Software from $170.00 to $175.00 and gave the stock a "hold" rating in a research report on Thursday, October 31st. Finally, Stifel Nicolaus reduced their price objective on Paycom Software from $215.00 to $187.00 and set a "hold" rating for the company in a research report on Thursday. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Paycom Software has an average rating of "Hold" and an average target price of $209.22.
Read Our Latest Report on 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.
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