Shaker Investments LLC OH Makes New Investment in Paycom Software, Inc. (NYSE:PAYC)

Shaker Investments LLC OH purchased a new position in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,859 shares of the software maker's stock, valued at approximately $2,021,000.

Other institutional investors have also modified their holdings of the company. Armstrong Advisory Group Inc. bought a new stake in Paycom Software during the 3rd quarter valued at $26,000. Brooklyn Investment Group acquired a new position in shares of Paycom Software during the third quarter valued at $28,000. Pin Oak Investment Advisors Inc. raised its stake 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 valued at $30,000 after purchasing an additional 77 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in Paycom Software by 821.7% in the third quarter. First Horizon Advisors Inc. now owns 212 shares of the software maker's stock worth $35,000 after purchasing an additional 189 shares during the period. Finally, Blue Trust Inc. lifted its holdings in Paycom Software by 277.1% in the third quarter. Blue Trust Inc. now owns 264 shares of the software maker's stock worth $44,000 after purchasing an additional 194 shares during the period. Institutional investors own 87.77% of the company's stock.

Paycom Software Price Performance

NYSE PAYC traded down $3.09 on Friday, hitting $208.89. 428,027 shares of the stock were exchanged, compared to its average volume of 534,530. The company's 50-day moving average price is $210.84 and its two-hundred day moving average price is $191.52. The company has a market capitalization of $12.04 billion, a price-to-earnings ratio of 25.15, a P/E/G ratio of 2.81 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.

Paycom Software (NYSE:PAYC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The software maker reported $2.02 EPS for the quarter, topping the consensus estimate of $1.99 by $0.03. Paycom Software had a net margin of 25.78% and a return on equity of 32.90%. Equities analysts predict that Paycom Software, Inc. will post 6.88 EPS for the current fiscal year.

Paycom Software Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Monday, March 10th. Paycom Software's dividend payout ratio (DPR) is presently 18.05%.

Analyst Upgrades and Downgrades

PAYC has been the topic of a number of recent analyst reports. Mizuho boosted their price target on shares of Paycom Software from $190.00 to $210.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. Jefferies Financial Group boosted their target price on Paycom Software from $170.00 to $175.00 and gave the stock a "hold" rating in a report on Thursday, October 31st. Piper Sandler increased their price target on Paycom Software from $191.00 to $224.00 and gave the company a "neutral" rating in a research note on Friday. BMO Capital Markets boosted their price objective on Paycom Software from $183.00 to $197.00 and gave the stock a "market perform" rating in a research note on Thursday, October 31st. Finally, TD Cowen upped their price objective on Paycom Software from $193.00 to $248.00 and gave the company a "hold" rating in a report on Monday, December 9th. Eleven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average 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.