Bryn Mawr Capital Management LLC Increases Stock Position in Paycom Software, Inc. (NYSE:PAYC)

Bryn Mawr Capital Management LLC lifted its position in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 1,033.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,979 shares of the software maker's stock after purchasing an additional 25,510 shares during the period. Bryn Mawr Capital Management LLC's holdings in Paycom Software were worth $5,735,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in Paycom Software during the 3rd quarter worth $28,000. Pin Oak Investment Advisors Inc. raised its stake in Paycom Software by 73.3% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 182 shares of the software maker's stock worth $30,000 after acquiring an additional 77 shares in the last quarter. First Horizon Advisors Inc. raised its stake in Paycom Software by 821.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 212 shares of the software maker's stock worth $35,000 after acquiring an additional 189 shares in the last quarter. Blue Trust Inc. raised its stake in Paycom Software by 277.1% during the 3rd quarter. Blue Trust Inc. now owns 264 shares of the software maker's stock worth $44,000 after acquiring an additional 194 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Paycom Software during the 3rd quarter worth $79,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on PAYC. Barclays cut their price target on shares of Paycom Software from $229.00 to $221.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 23rd. TD Cowen lifted their price objective 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. 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 note on Thursday, February 13th. Needham & Company LLC restated a "hold" rating on shares of Paycom Software in a research note on Thursday, February 13th. Finally, Citigroup dropped their price objective on shares of Paycom Software from $234.00 to $221.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $209.22.

Paycom Software Stock Performance

PAYC stock traded down $1.35 during trading on Friday, reaching $213.05. 257,491 shares of the company were exchanged, compared to its average volume of 536,239. The company has a market cap of $12.28 billion, a P/E ratio of 23.98, a PEG ratio of 2.42 and a beta of 1.15. Paycom Software, Inc. has a 52-week low of $139.50 and a 52-week high of $242.74. The stock's 50 day moving average price is $208.35 and its 200 day moving average price is $193.15.

Paycom Software (NYSE:PAYC - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The software maker reported $2.02 EPS for the quarter, topping analysts' consensus estimates of $1.99 by $0.03. Paycom Software had a net margin of 26.66% and a return on equity of 33.53%. As a group, equities research analysts forecast that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be issued 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 of this dividend is Monday, March 10th. Paycom Software's dividend payout ratio is currently 16.85%.

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.