Alliance Wealth Advisors LLC UT Purchases 91 Shares of Paycom Software, Inc. (NYSE:PAYC)

Alliance Wealth Advisors LLC UT boosted its stake in Paycom Software, Inc. (NYSE:PAYCFree Report) by 4.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,049 shares of the software maker’s stock after purchasing an additional 91 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Paycom Software were worth $531,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of PAYC. Fairfield Bush & CO. purchased a new position in Paycom Software in the 1st quarter worth approximately $48,000. Cetera Advisor Networks LLC grew its position in shares of Paycom Software by 15.4% in the 1st quarter. Cetera Advisor Networks LLC now owns 771 shares of the software maker’s stock worth $267,000 after buying an additional 103 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of Paycom Software by 356.2% in the 1st quarter. Acadian Asset Management LLC now owns 406 shares of the software maker’s stock worth $140,000 after buying an additional 317 shares during the last quarter. Panagora Asset Management Inc. grew its position in shares of Paycom Software by 62.1% in the 1st quarter. Panagora Asset Management Inc. now owns 3,740 shares of the software maker’s stock worth $1,295,000 after buying an additional 1,433 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Paycom Software by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,443 shares of the software maker’s stock worth $2,232,000 after buying an additional 401 shares during the last quarter. 88.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PAYC shares. BMO Capital Markets cut their price objective on Paycom Software from $320.00 to $190.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 1st. TD Cowen lowered Paycom Software from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $331.00 to $202.00 in a research report on Wednesday, November 1st. Bank of America lowered Paycom Software from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $330.00 to $185.00 in a research report on Thursday, November 2nd. Jefferies Financial Group restated a “hold” rating and set a $195.00 price target on shares of Paycom Software in a research report on Friday, January 5th. Finally, JPMorgan Chase & Co. lifted their price target on Paycom Software from $140.00 to $165.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. Seventeen research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Paycom Software has an average rating of “Hold” and an average price target of $262.33.

Get Our Latest Stock Analysis on PAYC

Paycom Software Stock Up 0.9 %

PAYC stock opened at $191.69 on Tuesday. Paycom Software, Inc. has a 1-year low of $146.15 and a 1-year high of $374.04. The business has a fifty day moving average price of $197.45 and a 200-day moving average price of $232.88. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market capitalization of $11.55 billion, a P/E 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 posted its quarterly earnings results on Wednesday, February 7th. The software maker reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.15. Paycom Software had a return on equity of 24.60% and a net margin of 20.12%. The firm had revenue of $434.60 million during the quarter, compared to analysts’ expectations of $422.50 million. During the same quarter in the previous year, the business earned $1.38 earnings per share. The company’s revenue was up 17.3% on a year-over-year basis. Equities analysts forecast that Paycom Software, Inc. will post 6.25 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Friday, March 1st. Paycom Software’s dividend payout ratio is currently 25.42%.

About Paycom Software

(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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