Marks Group Wealth Management Inc Has $2.13 Million Stake in Paycom Software, Inc. (NYSE:PAYC)

Marks Group Wealth Management Inc grew its position in Paycom Software, Inc. (NYSE:PAYC) by 19.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,297 shares of the software maker’s stock after purchasing an additional 1,644 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Paycom Software were worth $2,129,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in PAYC. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of Paycom Software by 6.0% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 905,783 shares of the software maker’s stock worth $172,316,000 after buying an additional 50,879 shares during the last quarter. North Star Asset Management Inc. lifted its holdings in shares of Paycom Software by 1.7% in the fourth quarter. North Star Asset Management Inc. now owns 18,796 shares of the software maker’s stock worth $3,886,000 after acquiring an additional 318 shares during the last quarter. Capital Investment Advisory Services LLC boosted its stake in shares of Paycom Software by 9.5% in the 4th quarter. Capital Investment Advisory Services LLC now owns 1,498 shares of the software maker’s stock valued at $310,000 after purchasing an additional 130 shares in the last quarter. OLD National Bancorp IN boosted its stake in shares of Paycom Software by 46.8% in the 4th quarter. OLD National Bancorp IN now owns 1,626 shares of the software maker’s stock valued at $336,000 after purchasing an additional 518 shares in the last quarter. Finally, abrdn plc grew its holdings in shares of Paycom Software by 61.8% during the 4th quarter. abrdn plc now owns 23,488 shares of the software maker’s stock valued at $4,855,000 after purchasing an additional 8,971 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Analyst Ratings Changes

PAYC has been the subject of several research reports. Jefferies Financial Group reissued a “hold” rating and issued a $195.00 price objective on shares of Paycom Software in a research note on Friday, January 5th. BTIG Research initiated coverage on Paycom Software in a research report on Tuesday, February 6th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. boosted their price objective on Paycom Software from $140.00 to $165.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. UBS Group boosted their price objective on Paycom Software from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Finally, Citigroup reduced their price objective on Paycom Software from $205.00 to $198.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 31st. Seventeen analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $257.18.

Paycom Software Stock Performance

Shares of Paycom Software stock traded up $3.52 on Tuesday, reaching $190.23. 220,183 shares of the company’s stock were exchanged, compared to its average volume of 840,430. The company has a market capitalization of $10.95 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, Inc. has a 52 week low of $146.15 and a 52 week high of $374.04. The firm’s 50-day moving average is $190.02 and its two-hundred day moving average is $198.94.

Paycom Software (NYSE:PAYC) last issued its earnings results on Wednesday, February 7th. The software maker reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $422.50 million. During the same period in the prior year, the firm earned $1.38 earnings per share. Paycom Software’s revenue was up 17.3% on a year-over-year basis. On average, analysts expect that Paycom Software, Inc. will post 5.73 EPS for the current fiscal year.

Paycom Software Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 4th were given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend was Friday, March 1st. Paycom Software’s payout ratio is 25.42%.

Paycom Software 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.