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

Yousif Capital Management LLC increased its position in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 24.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,995 shares of the software maker's stock after acquiring an additional 1,555 shares during the period. Yousif Capital Management LLC's holdings in Paycom Software were worth $1,639,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in Paycom Software in the 3rd quarter worth approximately $28,000. Pin Oak Investment Advisors Inc. grew its position in Paycom Software by 73.3% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 182 shares of the software maker's stock worth $30,000 after purchasing an additional 77 shares during the period. First Horizon Advisors Inc. grew its position in Paycom Software by 821.7% in the 3rd 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. Blue Trust Inc. grew its position in Paycom Software by 277.1% in the 3rd 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. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its position in Paycom Software by 200.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 300 shares of the software maker's stock worth $50,000 after purchasing an additional 200 shares during the period. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on PAYC shares. Barclays cut their target price on shares of Paycom Software from $229.00 to $221.00 and set an "equal weight" rating for the company in a research report on Thursday, January 23rd. TD Cowen lifted their target price on shares of Paycom Software from $193.00 to $248.00 and gave the stock a "hold" rating in a research report on Monday, December 9th. Jefferies Financial Group boosted their price objective on shares of Paycom Software from $170.00 to $175.00 and gave the company a "hold" rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. boosted their price objective on shares of Paycom Software from $185.00 to $200.00 and gave the company a "neutral" rating in a research report on Thursday. Finally, StockNews.com raised shares of Paycom Software from a "hold" rating to a "buy" rating in a research report on Friday, January 31st. Eleven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $209.22.

Paycom Software Trading Down 1.1 %

Paycom Software stock traded down $2.26 during mid-day trading on Friday, hitting $209.72. The stock had a trading volume of 900,247 shares, compared to its average volume of 454,779. The firm has a market capitalization of $12.09 billion, a P/E ratio of 25.24, a P/E/G ratio of 2.81 and a beta of 1.15. The firm's 50 day moving average is $210.30 and its 200 day moving average is $192.20. Paycom Software, Inc. has a one year low of $139.50 and a one year high of $242.74.

Paycom Software (NYSE:PAYC - Get Free Report) last issued its earnings results on Wednesday, February 12th. The software maker reported $2.02 earnings per share 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%. As a group, equities research analysts forecast that Paycom Software, Inc. will post 6.88 earnings per share 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. This represents a $1.50 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Monday, March 10th. Paycom Software's dividend payout ratio is currently 18.05%.

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.