Strategic Financial Concepts LLC Takes $272,000 Position in Paycom Software, Inc. (NYSE:PAYC)

Strategic Financial Concepts LLC purchased a new stake in Paycom Software, Inc. (NYSE:PAYC) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,368 shares of the software maker’s stock, valued at approximately $272,000.

Several other institutional investors have also recently bought and sold shares of PAYC. Mather Group LLC. bought a new stake in shares of Paycom Software during the 1st quarter valued at about $26,000. Hexagon Capital Partners LLC grew its position in Paycom Software by 333.3% in the 4th quarter. Hexagon Capital Partners LLC now owns 130 shares of the software maker’s stock valued at $27,000 after purchasing an additional 100 shares during the period. Cary Street Partners Investment Advisory LLC increased its position in shares of Paycom Software by 83.5% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 156 shares of the software maker’s stock worth $40,000 after acquiring an additional 71 shares in the last quarter. Transcendent Capital Group LLC purchased a new stake in shares of Paycom Software in the fourth quarter worth approximately $41,000. Finally, GAMMA Investing LLC bought a new position in shares of Paycom Software during the fourth quarter valued at about $49,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Paycom Software Trading Down 2.7 %

Shares of NYSE PAYC traded down $5.21 during trading hours on Tuesday, hitting $187.98. 870,877 shares of the company traded hands, compared to its average volume of 839,405. The stock has a market capitalization of $10.82 billion, a price-to-earnings ratio of 31.86, a price-to-earnings-growth ratio of 3.22 and a beta of 1.17. The company’s 50 day moving average price is $189.83 and its 200 day moving average price is $195.41. Paycom Software, Inc. has a 12 month low of $146.15 and a 12 month high of $374.04.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings data on Wednesday, February 7th. The software maker reported $1.93 earnings per share for the quarter, topping 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 company 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 company posted $1.38 EPS. The firm’s revenue for the quarter was up 17.3% on a year-over-year basis. Equities analysts anticipate that Paycom Software, Inc. will post 5.73 EPS for the current year.

Paycom Software Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Tuesday, May 28th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.80%. Paycom Software’s payout ratio is presently 25.42%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PAYC. UBS Group boosted their price objective on shares of Paycom Software from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. BTIG Research began coverage on Paycom Software in a report on Tuesday, February 6th. They set a “neutral” rating on the stock. Jefferies Financial Group restated a “hold” rating and issued a $195.00 price objective on shares of Paycom Software in a report on Friday, January 5th. JPMorgan Chase & Co. increased their price target on shares of Paycom Software from $140.00 to $165.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. Finally, Piper Sandler boosted their target price on Paycom Software from $185.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. Seventeen analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $257.18.

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.