PUREfi Wealth LLC Acquires Shares of 1,402 Paycom Software, Inc. (NYSE:PAYC)

PUREfi Wealth LLC purchased a new stake in Paycom Software, Inc. (NYSE:PAYC) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,402 shares of the software maker’s stock, valued at approximately $287,000.

Several other hedge funds have also made changes to their positions in PAYC. CWM LLC raised its holdings in shares of Paycom Software by 20.1% in the 3rd quarter. CWM LLC now owns 2,008 shares of the software maker’s stock valued at $334,000 after purchasing an additional 336 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in Paycom Software in the third quarter valued at $265,000. Creative Planning increased its stake in Paycom Software by 27.5% in the third quarter. Creative Planning now owns 7,586 shares of the software maker’s stock valued at $1,264,000 after purchasing an additional 1,635 shares during the period. NBC Securities Inc. increased its stake in Paycom Software by 74.3% in the third quarter. NBC Securities Inc. now owns 1,459 shares of the software maker’s stock valued at $243,000 after purchasing an additional 622 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Paycom Software by 2.1% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,719 shares of the software maker’s stock valued at $786,000 after acquiring an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PAYC. Stifel Nicolaus decreased their price objective on shares of Paycom Software from $215.00 to $187.00 and set a “hold” rating on the stock in a report on Thursday. Barclays cut their price objective 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. Mizuho boosted their price objective on shares of Paycom Software from $190.00 to $210.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. JPMorgan Chase & Co. upped their price target on shares of Paycom Software from $185.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Citigroup decreased their price objective on shares of Paycom Software from $234.00 to $221.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Eleven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $209.22.

Paycom Software Trading Down 1.1 %

Shares of Paycom Software stock opened at $209.72 on Friday. Paycom Software, Inc. has a 1-year low of $139.50 and a 1-year high of $242.74. The firm’s 50-day moving average price is $210.84 and its two-hundred day moving average price is $191.52. The stock has a market capitalization of $12.09 billion, a price-to-earnings ratio of 25.24, a P/E/G ratio of 2.81 and a beta of 1.15.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, February 12th. The software maker reported $2.02 earnings per share 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%. As a group, equities research analysts predict that Paycom Software, Inc. will post 6.88 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. Stockholders of record on Monday, March 10th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Monday, March 10th. Paycom Software’s dividend payout ratio is 18.05%.

Paycom Software Company 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.