Alliance Wealth Advisors LLC UT Grows Position in Paycom Software, Inc. (NYSE:PAYC)

Alliance Wealth Advisors LLC UT raised its holdings in Paycom Software, Inc. (NYSE:PAYCFree Report) by 4.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,049 shares of the software maker’s stock after buying an additional 91 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Paycom Software were worth $531,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Colony Group LLC boosted its position in shares of Paycom Software by 0.5% during the second quarter. Colony Group LLC now owns 7,323 shares of the software maker’s stock valued at $2,352,000 after purchasing an additional 35 shares in the last quarter. Sunbelt Securities Inc. boosted its position in shares of Paycom Software by 37.8% during the second quarter. Sunbelt Securities Inc. now owns 153 shares of the software maker’s stock valued at $49,000 after purchasing an additional 42 shares in the last quarter. CreativeOne Wealth LLC boosted its position in shares of Paycom Software by 4.6% during the fourth quarter. CreativeOne Wealth LLC now owns 1,030 shares of the software maker’s stock valued at $320,000 after purchasing an additional 45 shares in the last quarter. State of Wyoming boosted its position in shares of Paycom Software by 10.6% during the fourth quarter. State of Wyoming now owns 491 shares of the software maker’s stock valued at $152,000 after purchasing an additional 47 shares in the last quarter. Finally, Clear Street Markets LLC boosted its holdings in Paycom Software by 98.0% in the first quarter. Clear Street Markets LLC now owns 97 shares of the software maker’s stock worth $29,000 after acquiring an additional 48 shares in the last quarter. 88.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on PAYC shares. TD Cowen downgraded Paycom Software from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $331.00 to $202.00 in a report on Wednesday, November 1st. Citigroup dropped their target price on Paycom Software from $205.00 to $198.00 and set a “neutral” rating on the stock in a report on Wednesday, January 31st. William Blair downgraded Paycom Software from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 1st. Stifel Nicolaus downgraded Paycom Software from a “buy” rating to a “hold” rating and dropped their target price for the stock from $400.00 to $160.00 in a report on Wednesday, November 1st. Finally, Needham & Company LLC reissued a “hold” rating on shares of Paycom Software in a report on Wednesday, November 1st. Seventeen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $262.33.

Read Our Latest Stock Analysis on Paycom Software

Paycom Software Stock Performance

NYSE:PAYC opened at $191.69 on Tuesday. The stock has a 50-day simple moving average of $197.45 and a two-hundred day simple moving average of $232.88. Paycom Software, Inc. has a 52-week low of $146.15 and a 52-week high of $374.04. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market capitalization of $11.55 billion, a PE ratio of 32.49, a P/E/G ratio of 2.60 and a beta of 1.21.

Paycom Software (NYSE:PAYCGet Free Report) last released its quarterly earnings results on Wednesday, February 7th. The software maker reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.15. The business had revenue of $434.60 million during the quarter, compared to analyst estimates of $422.50 million. Paycom Software had a return on equity of 24.60% and a net margin of 20.12%. Paycom Software’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.38 earnings per share. Analysts forecast that Paycom Software, Inc. will post 6.25 EPS for the current year.

Paycom Software Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Monday, March 4th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Friday, March 1st. Paycom Software’s dividend payout ratio (DPR) is 25.42%.

Paycom Software 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.

Featured Stories

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

Receive News & Ratings for Paycom Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paycom Software and related companies with MarketBeat.com's FREE daily email newsletter.