Cumberland Partners Ltd Makes New $1.75 Million Investment in Paycom Software, Inc. (NYSE:PAYC)

Cumberland Partners Ltd purchased a new stake in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 8,525 shares of the software maker's stock, valued at approximately $1,747,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC grew its position in Paycom Software by 55.0% during the 3rd quarter. FMR LLC now owns 1,007,919 shares of the software maker's stock worth $167,889,000 after acquiring an additional 357,723 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Paycom Software by 9,997.5% during the third quarter. International Assets Investment Management LLC now owns 281,315 shares of the software maker's stock worth $46,859,000 after purchasing an additional 278,529 shares during the last quarter. Confluence Investment Management LLC increased its stake in shares of Paycom Software by 147.3% in the third quarter. Confluence Investment Management LLC now owns 377,876 shares of the software maker's stock valued at $62,943,000 after buying an additional 225,081 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in Paycom Software during the 4th quarter worth $42,893,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Paycom Software by 45.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 486,462 shares of the software maker's stock valued at $81,030,000 after purchasing an additional 151,807 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Paycom Software Price Performance

Paycom Software stock traded down $1.21 during trading hours on Friday, hitting $213.19. The company had a trading volume of 257,491 shares, compared to its average volume of 536,239. Paycom Software, Inc. has a one year low of $139.50 and a one year high of $242.74. The firm has a market cap of $12.29 billion, a PE ratio of 23.98, a PEG ratio of 2.42 and a beta of 1.15. The firm has a 50-day moving average of $208.35 and a 200 day moving average of $193.15.

Paycom Software (NYSE:PAYC - Get Free Report) last released its quarterly earnings results 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 33.53% and a net margin of 26.66%. As a group, research analysts expect that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Monday, March 10th. Paycom Software's dividend payout ratio is 16.85%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on PAYC shares. Citigroup decreased their target price 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. Stifel Nicolaus cut their price objective on shares of Paycom Software from $215.00 to $187.00 and set a "hold" rating on the stock in a research report on Thursday, February 13th. Needham & Company LLC restated a "hold" rating on shares of Paycom Software in a report on Thursday, February 13th. JPMorgan Chase & Co. lifted their price objective on shares of Paycom Software from $185.00 to $200.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Finally, TD Cowen raised their target price on shares of Paycom Software from $193.00 to $248.00 and gave the company a "hold" rating in a research note on Monday, December 9th. Eleven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Paycom Software presently has a consensus rating of "Hold" and a consensus price target of $209.22.

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.