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

Alliance Wealth Advisors LLC UT boosted its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 24.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,544 shares of the software maker’s stock after buying an additional 495 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Paycom Software were worth $526,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of PAYC. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Paycom Software by 1.2% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,500 shares of the software maker’s stock worth $1,167,000 after purchasing an additional 52 shares during the period. HBK Sorce Advisory LLC lifted its holdings in Paycom Software by 5.9% during the 4th quarter. HBK Sorce Advisory LLC now owns 986 shares of the software maker’s stock valued at $204,000 after buying an additional 55 shares in the last quarter. Renaissance Group LLC boosted its position in Paycom Software by 1.1% in the 3rd quarter. Renaissance Group LLC now owns 5,391 shares of the software maker’s stock valued at $1,398,000 after buying an additional 61 shares during the period. Bouvel Investment Partners LLC grew its stake in Paycom Software by 1.0% in the 4th quarter. Bouvel Investment Partners LLC now owns 6,431 shares of the software maker’s stock worth $1,329,000 after acquiring an additional 63 shares in the last quarter. Finally, Optas LLC increased its position in shares of Paycom Software by 7.0% during the fourth quarter. Optas LLC now owns 998 shares of the software maker’s stock worth $206,000 after acquiring an additional 65 shares during the period. 87.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Jefferies Financial Group reiterated a “hold” rating and issued a $195.00 price target on shares of Paycom Software in a report on Friday, January 5th. Citigroup lowered their price target on shares of Paycom Software from $205.00 to $198.00 and set a “neutral” rating for the company in a research report on Wednesday, January 31st. JPMorgan Chase & Co. lifted their price objective on shares of Paycom Software from $140.00 to $165.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. BTIG Research assumed coverage on Paycom Software in a report on Tuesday, February 6th. They set a “neutral” rating for the company. Finally, Piper Sandler lifted their price target on Paycom Software from $185.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. Seventeen equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $257.18.

Paycom Software Price Performance

NYSE:PAYC traded up $2.31 during trading hours on Friday, hitting $188.89. 674,972 shares of the company were exchanged, compared to its average volume of 700,485. The company’s 50 day moving average price is $189.82 and its 200-day moving average price is $197.06. The stock has a market capitalization of $10.87 billion, a price-to-earnings ratio of 32.02, a PEG ratio of 3.22 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.

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 firm had revenue of $434.60 million for the quarter, compared to analyst estimates of $422.50 million. During the same period in the previous year, the company earned $1.38 earnings per share. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. On average, equities analysts predict that Paycom Software, Inc. will post 5.73 earnings per share for the current 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. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.50 dividend on an annualized basis and a yield of 0.79%. Paycom Software’s dividend payout ratio is currently 25.42%.

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.