Empowered Funds LLC Acquires 3,956 Shares of Paycom Software, Inc. (NYSE:PAYC)

Empowered Funds LLC lifted its position in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 156.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,478 shares of the software maker's stock after purchasing an additional 3,956 shares during the period. Empowered Funds LLC's holdings in Paycom Software were worth $1,328,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Sylebra Capital LLC increased its stake in shares of Paycom Software by 0.3% during the 3rd quarter. Sylebra Capital LLC now owns 1,962,468 shares of the software maker's stock worth $326,888,000 after purchasing an additional 5,000 shares during the last quarter. Geode Capital Management LLC grew its stake in Paycom Software by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,426,920 shares of the software maker's stock valued at $237,015,000 after buying an additional 45,404 shares during the last quarter. FMR LLC grew its stake in Paycom Software by 55.0% in the 3rd quarter. FMR LLC now owns 1,007,919 shares of the software maker's stock valued at $167,889,000 after buying an additional 357,723 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in Paycom Software by 1.0% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 627,510 shares of the software maker's stock valued at $104,524,000 after buying an additional 6,488 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Paycom Software by 45.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 486,462 shares of the software maker's stock valued at $81,030,000 after buying an additional 151,807 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PAYC has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price target 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. StockNews.com upgraded shares of Paycom Software from a "hold" rating to a "buy" rating in a research note on Friday, January 31st. TD Cowen upped their price target 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. Citigroup decreased their target price on shares of Paycom Software from $234.00 to $221.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Finally, Stifel Nicolaus decreased their target price 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. Eleven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $209.22.

Paycom Software Stock Performance

Shares of Paycom Software stock traded down $1.95 on Thursday, reaching $214.22. 324,243 shares of the stock were exchanged, compared to its average volume of 545,221. The firm's 50 day moving average is $208.86 and its 200-day moving average is $193.01. 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 $12.35 billion, a PE ratio of 24.07, a P/E/G ratio of 2.48 and a beta of 1.15.

Paycom Software (NYSE:PAYC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The software maker reported $2.02 earnings per share 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%. On average, equities research analysts expect that Paycom Software, Inc. will post 6.9 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders 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 dividend yield of 0.70%. The ex-dividend date of this dividend is Monday, March 10th. Paycom Software's dividend payout ratio (DPR) is presently 16.85%.

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.