PUREfi Wealth LLC Invests $287,000 in Paycom Software, Inc. (NYSE:PAYC)

PUREfi Wealth LLC acquired a new stake in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,402 shares of the software maker's stock, valued at approximately $287,000.

A number of other hedge funds and other institutional investors have also modified their holdings of PAYC. Private Trust Co. NA increased its position in shares of Paycom Software by 11.2% during the 3rd quarter. Private Trust Co. NA now owns 526 shares of the software maker's stock valued at $88,000 after purchasing an additional 53 shares during the period. Wrapmanager Inc. boosted its stake in Paycom Software by 2.6% during the third quarter. Wrapmanager Inc. now owns 2,176 shares of the software maker's stock valued at $362,000 after buying an additional 56 shares in the last quarter. Andina Capital Management LLC boosted its stake in Paycom Software by 4.0% during the third quarter. Andina Capital Management LLC now owns 1,651 shares of the software maker's stock valued at $275,000 after buying an additional 63 shares in the last quarter. Michael S. Ryan Inc. grew its holdings in Paycom Software by 2.5% during the fourth quarter. Michael S. Ryan Inc. now owns 2,796 shares of the software maker's stock worth $573,000 after acquiring an additional 68 shares during the period. Finally, Valley National Advisers Inc. raised its position in Paycom Software by 0.7% in the fourth quarter. Valley National Advisers Inc. now owns 10,702 shares of the software maker's stock worth $2,192,000 after acquiring an additional 72 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

Paycom Software Trading Up 1.1 %

PAYC stock traded up $2.29 during mid-day trading on Wednesday, hitting $215.86. The stock had a trading volume of 469,682 shares, compared to its average volume of 552,146. The stock has a market capitalization of $12.45 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 2.34 and a beta of 1.15. Paycom Software, Inc. has a 1-year low of $139.50 and a 1-year high of $242.74. The company has a fifty day moving average of $208.86 and a 200 day moving average of $193.01.

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 return on equity of 33.53% and a net margin of 26.66%. As a group, sell-side analysts expect that Paycom Software, Inc. will post 7.16 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Monday, March 10th. Paycom Software's payout ratio is presently 16.85%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Needham & Company LLC restated a "hold" rating on shares of Paycom Software in a report on Thursday, February 13th. BMO Capital Markets raised their target price on Paycom Software from $183.00 to $197.00 and gave the stock a "market perform" rating in a research report on Thursday, October 31st. Mizuho lifted their price target on Paycom Software from $190.00 to $210.00 and gave the company a "neutral" rating in a 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 note on Thursday, January 16th. Finally, JPMorgan Chase & Co. lifted their target price on Paycom Software from $185.00 to $200.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Eleven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $209.22.

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.