Paycom Software, Inc. (PAYC)

Private Advisor Group LLC Buys 1,291 Shares of Paycom Software, Inc. (NYSE:PAYC)

Private Advisor Group LLC lifted its stake in shares of Paycom Software, Inc. (NYSE:PAYC – Free Report) by 104.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,522 shares of the software maker’s stock after acquiring an additional 1,291 shares during the quarter. Private Advisor Group LLC’s holdings in Paycom Software were worth $521,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its stake in shares of Paycom Software by 16,173.6% in the fourth quarter. International Assets Investment Management LLC now owns 787,803 shares of the software maker’s stock worth $162,855,000 after purchasing an additional 782,962 shares in the last quarter. Meritage Group LP purchased a new stake in Paycom Software in the 3rd quarter worth $103,800,000. Boston Trust Walden Corp bought a new stake in Paycom Software during the fourth quarter valued at about $48,865,000. DSM Capital Partners LLC purchased a new position in shares of Paycom Software in the third quarter valued at about $60,077,000. Finally, American Century Companies Inc. boosted its stake in shares of Paycom Software by 18.8% in the third quarter. American Century Companies Inc. now owns 1,139,511 shares of the software maker’s stock worth $295,441,000 after acquiring an additional 180,202 shares during the period. 87.77% of the stock is owned by hedge funds and other institutional investors. Analyst Upgrades and Downgrades Several research analysts have weighed in on the company. Piper Sandler upped their price target on Paycom Software from $185.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. William Blair reiterated a “market perform” rating on shares of Paycom Software in a report on Thursday, May 2nd. BTIG Research initiated coverage on shares of Paycom Software in a report on Tuesday, February 6th. They set a “neutral” rating for the company. BMO Capital Markets reduced their target price on Paycom Software from $200.00 to $190.00 and set a “market perform” rating on the stock in a report on Thursday, May 2nd. Finally, Needham & Company LLC reissued a “hold” rating on shares of Paycom Software in a research note on Thursday, May 2nd. Seventeen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $246.31. View Our Latest Research Report on PAYC Paycom Software Trading Up 0.7 % Shares of PAYC opened at $182.28 on Monday. The company’s fifty day simple moving average is $188.44 and its 200-day simple moving average is $188.51. The company has a market cap of $10.59 billion, a P/E ratio of 22.20, a P/E/G ratio of 2.86 and a beta of 1.17. Paycom Software, Inc. has a twelve month low of $146.15 and a twelve month high of $374.04. Paycom Software Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Tuesday, May 28th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Friday, May 24th. Paycom Software’s dividend payout ratio (DPR) is currently 18.27%. Paycom Software Profile (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. Read More Five stocks we like better than Paycom Software How to Invest in Blue Chip Stocks MarketBeat Week in Review – 5/13 – 5/17 Energy and Oil Stocks Explained Take-Two Interactive Software Offers 2nd Chance for Investors What is the NASDAQ Stock Exchange? Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook