Stanley Laman Group Ltd. trimmed its stake in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 8.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,819 shares of the software maker's stock after selling 2,407 shares during the quarter. Stanley Laman Group Ltd.'s holdings in Paycom Software were worth $5,497,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Van ECK Associates Corp boosted its holdings in shares of Paycom Software by 10.6% during the 4th quarter. Van ECK Associates Corp now owns 11,560 shares of the software maker's stock worth $2,369,000 after buying an additional 1,108 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Paycom Software by 1.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 34,361 shares of the software maker's stock worth $6,920,000 after purchasing an additional 417 shares during the period. Shaker Investments LLC OH acquired a new stake in Paycom Software during the fourth quarter worth about $2,021,000. Focus Financial Network Inc. bought a new stake in shares of Paycom Software during the 4th quarter worth approximately $245,000. Finally, Summit Trail Advisors LLC boosted its position in shares of Paycom Software by 15.6% during the 4th quarter. Summit Trail Advisors LLC now owns 2,615 shares of the software maker's stock worth $536,000 after acquiring an additional 352 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company's stock.
Paycom Software Stock Performance
Shares of PAYC traded down $2.26 during mid-day trading on Monday, reaching $209.72. 900,247 shares of the company were exchanged, compared to its average volume of 454,779. The business has a 50 day simple moving average of $210.30 and a two-hundred day simple moving average of $192.20. Paycom Software, Inc. has a 52 week low of $139.50 and a 52 week high of $242.74. The stock has a market capitalization of $12.09 billion, a PE ratio of 25.24, a PEG ratio of 2.81 and a beta of 1.15.
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, 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%. On average, analysts predict that Paycom Software, Inc. will post 6.88 EPS for the current year.
Paycom Software Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.50 annualized dividend and a yield of 0.72%. Paycom Software's payout ratio is 18.05%.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on the company. TD Cowen raised their target price on Paycom Software from $193.00 to $248.00 and gave the company a "hold" rating in a report on Monday, December 9th. JPMorgan Chase & Co. upped their price objective on shares of Paycom Software from $185.00 to $200.00 and gave the stock a "neutral" rating in a research report on Thursday. 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 note on Thursday, January 16th. Barclays cut their price objective on Paycom Software from $229.00 to $221.00 and set an "equal weight" rating on the stock in a report on Thursday, January 23rd. Finally, BMO Capital Markets upped their target price on Paycom Software from $183.00 to $197.00 and gave the stock a "market perform" rating in a report on Thursday, October 31st. Eleven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, Paycom Software presently has a consensus rating of "Hold" and an average target price of $209.22.
Check Out Our Latest Stock Analysis on PAYC
About Paycom Software
(
Free Report)
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.
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