Knuff & Co LLC Takes $127,000 Position in Paycom Software, Inc. (NYSE:PAYC)

Knuff & Co LLC acquired a new position in Paycom Software, Inc. (NYSE:PAYC) in the 4th quarter, HoldingsChannel reports. The fund acquired 613 shares of the software maker’s stock, valued at approximately $127,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PAYC. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of 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 in the last quarter. HBK Sorce Advisory LLC boosted its holdings in Paycom Software by 5.9% in the 4th quarter. HBK Sorce Advisory LLC now owns 986 shares of the software maker’s stock worth $204,000 after buying an additional 55 shares during the period. Renaissance Group LLC grew its stake 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 in the last quarter. Bouvel Investment Partners LLC raised its holdings in Paycom Software by 1.0% during the 4th quarter. Bouvel Investment Partners LLC now owns 6,431 shares of the software maker’s stock valued at $1,329,000 after acquiring an additional 63 shares during the period. Finally, Optas LLC lifted 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 in the last quarter. 87.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PAYC has been the topic of a number of analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a research note on Thursday. BTIG Research assumed coverage on Paycom Software in a research note on Tuesday, February 6th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. raised their target price on Paycom Software from $165.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday. Citigroup cut their target price on Paycom Software from $196.00 to $193.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, StockNews.com upgraded Paycom Software from a “hold” rating to a “buy” rating in a research note on Friday. Sixteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Paycom Software currently has a consensus rating of “Hold” and an average target price of $247.25.

Paycom Software Stock Up 2.7 %

Shares of NYSE PAYC traded up $4.57 during trading hours on Friday, reaching $171.29. 1,207,026 shares of the stock traded hands, compared to its average volume of 838,850. The company has a market capitalization of $9.86 billion, a P/E ratio of 20.86, a price-to-earnings-growth ratio of 2.92 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 company’s 50-day simple moving average is $189.34 and its two-hundred day simple moving average is $193.90.

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. The company had revenue of $434.60 million for the quarter, compared to analysts’ expectations of $422.50 million. Paycom Software had a return on equity of 32.84% and a net margin of 26.91%. Paycom Software’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period last year, the firm posted $1.38 EPS. As a group, sell-side analysts forecast that Paycom Software, Inc. will post 5.82 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Tuesday, May 28th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Friday, May 24th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.88%. Paycom Software’s dividend payout ratio is 18.27%.

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.