11,369 Shares in Paycom Software, Inc. (NYSE:PAYC) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new position in shares of Paycom Software, Inc. (NYSE:PAYC) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 11,369 shares of the software maker’s stock, valued at approximately $2,330,000.

Several other institutional investors and hedge funds have also bought and sold shares of PAYC. Creative Planning grew its position in Paycom Software by 27.5% during the 3rd quarter. Creative Planning now owns 7,586 shares of the software maker’s stock worth $1,264,000 after acquiring an additional 1,635 shares during the last quarter. Blue Trust Inc. grew its position 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 acquiring an additional 194 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Paycom Software by 9.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 33,944 shares of the software maker’s stock worth $5,654,000 after acquiring an additional 2,937 shares during the last quarter. Private Advisor Group LLC grew its position in Paycom Software by 14.3% during the 3rd quarter. Private Advisor Group LLC now owns 2,398 shares of the software maker’s stock worth $400,000 after acquiring an additional 300 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in Paycom Software by 9,997.5% during the 3rd quarter. International Assets Investment Management LLC now owns 281,315 shares of the software maker’s stock worth $46,859,000 after acquiring an additional 278,529 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PAYC shares. TD Cowen lifted their price objective on Paycom Software from $193.00 to $248.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Barclays cut their price objective on Paycom Software from $229.00 to $221.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 23rd. Mizuho lifted their price objective on Paycom Software from $190.00 to $210.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Citigroup cut their price objective on Paycom Software from $234.00 to $221.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, Jefferies Financial Group lifted their price objective on Paycom Software from $170.00 to $175.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Paycom Software has a consensus rating of “Hold” and an average target price of $209.22.

Paycom Software Stock Up 2.9 %

PAYC opened at $219.29 on Tuesday. The stock has a market cap of $12.56 billion, a PE ratio of 24.64, a PEG ratio of 2.40 and a beta of 1.15. The business has a 50 day moving average of $207.67 and a 200-day moving average of $194.49. Paycom Software, Inc. has a 52 week low of $139.50 and a 52 week high of $242.74.

Paycom Software (NYSE:PAYC) last released its earnings results on Wednesday, February 12th. The software maker reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.03. Paycom Software had a return on equity of 33.53% and a net margin of 26.66%. Equities analysts anticipate that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Dividend Announcement

The business also recently disclosed 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. This represents a $1.50 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Monday, March 10th. Paycom Software’s payout ratio is 16.85%.

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.