Kovack Advisors Inc. grew its position in Paycom Software, Inc. (NYSE:PAYC – Get Rating) by 8.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,320 shares of the software maker’s stock after acquiring an additional 100 shares during the period. Kovack Advisors Inc.’s holdings in Paycom Software were worth $410,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Compagnie Lombard Odier SCmA bought a new position in Paycom Software in the 4th quarter valued at $26,000. Fuller & Thaler Asset Management Inc. bought a new position in shares of Paycom Software in the fourth quarter valued at about $26,000. Accurate Wealth Management LLC acquired a new position in Paycom Software during the 4th quarter worth about $29,000. General Partner Inc. bought a new stake in Paycom Software during the 4th quarter worth about $33,000. Finally, Sonnipe Ltd acquired a new stake in Paycom Software in the 4th quarter valued at about $38,000. 88.58% of the stock is owned by institutional investors and hedge funds.
Paycom Software Price Performance
PAYC opened at $319.92 on Friday. The stock has a market cap of $19.29 billion, a P/E ratio of 60.02, a P/E/G ratio of 2.06 and a beta of 1.42. Paycom Software, Inc. has a 12 month low of $261.54 and a 12 month high of $402.78. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.02. The company has a fifty day simple moving average of $291.51 and a 200 day simple moving average of $300.01.
Paycom Software Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 12th. Shareholders of record on Tuesday, May 30th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date was Friday, May 26th. Paycom Software’s payout ratio is currently 28.14%.
Analyst Ratings Changes
Several analysts have recently commented on PAYC shares. Piper Sandler decreased their price target on shares of Paycom Software from $417.00 to $399.00 in a research note on Wednesday, May 3rd. Needham & Company LLC restated a “buy” rating and set a $450.00 target price on shares of Paycom Software in a research report on Tuesday, March 28th. BMO Capital Markets upped their price target on Paycom Software from $289.00 to $302.00 in a research note on Wednesday, May 3rd. DA Davidson upgraded Paycom Software from a “neutral” rating to a “buy” rating and set a $350.00 price objective for the company in a research report on Thursday, March 30th. They noted that the move was a valuation call. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Paycom Software from $400.00 to $370.00 in a research report on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Paycom Software has an average rating of “Moderate Buy” and a consensus price target of $368.53.
Insider Transactions at Paycom Software
In related news, Director Jason D. Clark sold 430 shares of the business’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $278.99, for a total value of $119,965.70. Following the sale, the director now directly owns 5,100 shares of the company’s stock, valued at approximately $1,422,849. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 14.50% of the stock is owned by insiders.
About Paycom Software
Paycom Software, Inc engages in the provision of cloud-based human capital management (HCM) software solutions delivered as Software-as-a-Service. It offers functionality and data analytics that businesses need to manage the complete employment life cycle from recruitment to retirement. Its solutions include talent acquisition, time and labor management, payroll, talent management, and human resource management.
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