Syon Capital LLC Takes Position in Paycom Software, Inc. (NYSE:PAYC)

Syon Capital LLC acquired a new stake in shares of Paycom Software, Inc. (NYSE:PAYCFree Report) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 1,300 shares of the software maker’s stock, valued at approximately $337,000.

Several other institutional investors have also modified their holdings of PAYC. US Bancorp DE increased its position in shares of Paycom Software by 25.8% during the 3rd quarter. US Bancorp DE now owns 91,950 shares of the software maker’s stock worth $23,840,000 after purchasing an additional 18,857 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in Paycom Software by 19.8% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 854,904 shares of the software maker’s stock valued at $221,651,000 after purchasing an additional 141,464 shares during the last quarter. Machina Capital S.A.S. bought a new position in Paycom Software in the third quarter valued at about $1,002,000. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Paycom Software by 26.4% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,829 shares of the software maker’s stock valued at $474,000 after buying an additional 382 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of Paycom Software by 3.9% in the third quarter. Principal Financial Group Inc. now owns 65,893 shares of the software maker’s stock valued at $17,084,000 after buying an additional 2,443 shares during the period. Institutional investors own 88.69% of the company’s stock.

Insider Transactions at Paycom Software

In other news, Director J C. Watts, Jr. acquired 314 shares of Paycom Software stock in a transaction on Friday, November 3rd. The stock was acquired at an average cost of $159.20 per share, for a total transaction of $49,988.80. Following the purchase, the director now owns 6,864 shares in the company, valued at $1,092,748.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 14.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PAYC. Needham & Company LLC reaffirmed a “hold” rating on shares of Paycom Software in a research note on Wednesday, November 1st. Stifel Nicolaus lowered Paycom Software from a “buy” rating to a “hold” rating and dropped their target price for the company from $400.00 to $160.00 in a report on Wednesday, November 1st. BMO Capital Markets dropped their target price on Paycom Software from $320.00 to $190.00 and set a “market perform” rating on the stock in a report on Wednesday, November 1st. William Blair lowered Paycom Software from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 1st. Finally, UBS Group raised their target price on Paycom Software from $235.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Fifteen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Paycom Software has a consensus rating of “Hold” and an average price target of $267.24.

Read Our Latest Research Report on PAYC

Paycom Software Stock Performance

Shares of NYSE:PAYC traded up $1.03 during midday trading on Friday, reaching $193.81. 801,083 shares of the company traded hands, compared to its average volume of 794,860. The firm has a market capitalization of $11.67 billion, a price-to-earnings ratio of 33.34, a price-to-earnings-growth ratio of 1.72 and a beta of 1.26. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.02. The firm’s fifty day moving average price is $194.04 and its two-hundred day moving average price is $247.75. Paycom Software, Inc. has a 12 month low of $146.15 and a 12 month high of $374.04.

Paycom Software (NYSE:PAYCGet Free Report) last posted its quarterly earnings data on Tuesday, October 31st. The software maker reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.16. The firm had revenue of $406.30 million during the quarter, compared to analysts’ expectations of $411.17 million. Paycom Software had a return on equity of 25.02% and a net margin of 20.80%. The company’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.92 EPS. On average, equities analysts expect that Paycom Software, Inc. will post 6.03 earnings per share for the current year.

Paycom Software Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Monday, November 27th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.77%. The ex-dividend date was Friday, November 24th. Paycom Software’s dividend payout ratio (DPR) is currently 25.64%.

Paycom Software Company 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.

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Institutional Ownership by Quarter for Paycom Software (NYSE:PAYC)

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