Stanley Laman Group Ltd. Has $5.50 Million Position in Paycom Software, Inc. (NYSE:PAYC)

Stanley Laman Group Ltd. cut its holdings in Paycom Software, Inc. (NYSE:PAYC) by 8.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,819 shares of the software maker’s stock after selling 2,407 shares during the period. Stanley Laman Group Ltd.’s holdings in Paycom Software were worth $5,497,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in Paycom Software in the 3rd quarter valued at about $28,000. Pin Oak Investment Advisors Inc. increased its holdings in Paycom Software by 73.3% during 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 in the last quarter. First Horizon Advisors Inc. increased its holdings in Paycom Software by 821.7% during 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 in the last quarter. Blue Trust Inc. increased its holdings in Paycom Software by 277.1% during 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 in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Paycom Software by 200.0% during 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 in the last quarter. 87.77% of the stock is owned by institutional investors.

Paycom Software Stock Performance

Paycom Software stock opened at $207.77 on Thursday. The company’s 50 day simple moving average is $211.71 and its 200-day simple moving average is $191.26. The company has a market capitalization of $11.98 billion, a price-to-earnings ratio of 25.00, a price-to-earnings-growth ratio of 2.81 and a beta of 1.15. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $242.74.

Paycom Software (NYSE:PAYC) last issued its earnings results on Wednesday, February 12th. The software maker reported $2.02 earnings per share (EPS) for the quarter, beating 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%. Equities analysts expect that Paycom Software, Inc. will post 6.88 earnings per share for the current year.

Paycom Software Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.375 per share. The ex-dividend date is Monday, March 10th. This represents a $1.50 annualized dividend and a dividend yield of 0.72%. Paycom Software’s dividend payout ratio is currently 18.05%.

Analysts Set New Price Targets

PAYC has been the topic of several research analyst reports. StockNews.com upgraded Paycom Software from a “hold” rating to a “buy” rating in a research note on Friday, January 31st. Barclays cut their price target 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. Jefferies Financial Group increased their target price on shares of Paycom Software from $170.00 to $175.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. TD Cowen raised their price objective on shares of Paycom Software from $193.00 to $248.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Finally, BMO Capital Markets raised their target price on shares of Paycom Software from $183.00 to $197.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Ten analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $204.75.

Paycom Software 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.