Paycom Software, Inc. (NYSE:PAYC) Shares Bought by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in Paycom Software, Inc. (NYSE:PAYC) by 6.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 905,783 shares of the software maker’s stock after purchasing an additional 50,879 shares during the quarter. Paycom Software comprises approximately 1.7% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings, making the stock its 20th biggest holding. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Paycom Software were worth $172,316,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Oak Family Advisors LLC acquired a new position in shares of Paycom Software during the 4th quarter valued at $2,994,000. Nordea Investment Management AB lifted its holdings in shares of Paycom Software by 8.8% during the 3rd quarter. Nordea Investment Management AB now owns 261,428 shares of the software maker’s stock valued at $68,912,000 after acquiring an additional 21,095 shares in the last quarter. Kornitzer Capital Management Inc. KS acquired a new position in shares of Paycom Software during the 4th quarter valued at $6,615,000. US Bancorp DE lifted its holdings 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 valued at $23,840,000 after acquiring an additional 18,857 shares in the last quarter. Finally, Lecap Asset Management Ltd. acquired a new position in shares of Paycom Software during the 4th quarter valued at $2,028,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Paycom Software Price Performance

Shares of NYSE:PAYC traded up $3.47 during trading on Monday, reaching $186.72. 522,054 shares of the company’s stock traded hands, compared to its average volume of 848,915. Paycom Software, Inc. has a 12 month low of $146.15 and a 12 month high of $374.04. The company has a 50 day moving average of $190.02 and a 200-day moving average of $198.94. The stock has a market capitalization of $10.75 billion, a P/E ratio of 31.65, a price-to-earnings-growth ratio of 3.13 and a beta of 1.17.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, February 7th. The software maker reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.15. Paycom Software had a net margin of 20.12% and a return on equity of 24.60%. The business had revenue of $434.60 million during the quarter, compared to the consensus estimate of $422.50 million. During the same quarter in the prior year, the firm earned $1.38 EPS. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. Equities research analysts predict that Paycom Software, Inc. will post 5.73 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 4th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend was Friday, March 1st. Paycom Software’s dividend payout ratio is presently 25.42%.

Analyst Upgrades and Downgrades

PAYC has been the topic of several recent research reports. UBS Group lifted their target price on shares of Paycom Software from $235.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Citigroup cut their price objective on shares of Paycom Software from $205.00 to $198.00 and set a “neutral” rating on the stock in a report on Wednesday, January 31st. BTIG Research started coverage on shares of Paycom Software in a report on Tuesday, February 6th. They issued a “neutral” rating on the stock. Piper Sandler boosted their price objective on shares of Paycom Software from $185.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $195.00 price objective on shares of Paycom Software in a report on Friday, January 5th. Seventeen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $257.18.

About Paycom Software

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.