Natixis lifted its position in shares of Paycom Software, Inc. (NYSE:PAYC – Get Rating) by 86.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,887 shares of the software maker’s stock after purchasing an additional 32,894 shares during the period. Natixis owned about 0.12% of Paycom Software worth $21,997,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of PAYC. Compagnie Lombard Odier SCmA acquired a new position in Paycom Software in the fourth quarter valued at $26,000. Fuller & Thaler Asset Management Inc. acquired a new position in Paycom Software in the fourth quarter valued at $26,000. Accurate Wealth Management LLC acquired a new position in Paycom Software in the fourth quarter valued at $29,000. General Partner Inc. acquired a new position in Paycom Software in the fourth quarter valued at $33,000. Finally, Sonnipe Ltd acquired a new position in Paycom Software in the fourth quarter valued at $38,000. 88.58% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on PAYC. KeyCorp reduced their target price on shares of Paycom Software from $432.00 to $405.00 in a report on Wednesday, May 3rd. StockNews.com cut shares of Paycom Software from a “buy” rating to a “hold” rating in a report on Friday, June 9th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Paycom Software from $400.00 to $370.00 in a report on Wednesday, May 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $450.00 target price on shares of Paycom Software in a report on Tuesday, March 28th. Finally, Mizuho reduced their target price on shares of Paycom Software from $350.00 to $300.00 in a report on Wednesday, May 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Paycom Software currently has a consensus rating of “Moderate Buy” and an average target price of $368.53.
Insider Buying and Selling at Paycom Software
Paycom Software Trading Down 1.2 %
NYSE PAYC opened at $319.92 on Friday. The stock has a market capitalization 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 52-week low of $261.54 and a 52-week high of $402.78. The firm has a 50-day moving average price of $291.51 and a 200 day moving average price of $300.01. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.02.
Paycom Software (NYSE:PAYC – Get Rating) last issued its earnings results on Tuesday, May 2nd. The software maker reported $2.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.06. Paycom Software had a net margin of 20.96% and a return on equity of 26.29%. The company had revenue of $451.64 million during the quarter, compared to analysts’ expectations of $444.23 million. Equities research analysts expect that Paycom Software, Inc. will post 6.21 EPS for the current year.
Paycom Software Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, June 12th. Shareholders of record on Tuesday, May 30th were issued a $0.375 dividend. The ex-dividend date was Friday, May 26th. This represents a $1.50 dividend on an annualized basis and a yield of 0.47%. Paycom Software’s dividend payout ratio (DPR) is presently 28.14%.
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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