Empowered Funds LLC Buys 3,956 Shares of Paycom Software, Inc. (NYSE:PAYC)

Empowered Funds LLC lifted its stake in Paycom Software, Inc. (NYSE:PAYC) by 156.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,478 shares of the software maker’s stock after buying an additional 3,956 shares during the period. Empowered Funds LLC’s holdings in Paycom Software were worth $1,328,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new position in Paycom Software in the 3rd quarter valued at approximately $28,000. Pin Oak Investment Advisors Inc. raised its stake in shares of Paycom Software by 73.3% in the third quarter. Pin Oak Investment Advisors Inc. now owns 182 shares of the software maker’s stock valued at $30,000 after purchasing an additional 77 shares in the last quarter. First Horizon Advisors Inc. raised its stake in shares of Paycom Software by 821.7% in the third quarter. First Horizon Advisors Inc. now owns 212 shares of the software maker’s stock valued at $35,000 after purchasing an additional 189 shares in the last quarter. Blue Trust Inc. lifted its position in Paycom Software by 277.1% in the third quarter. Blue Trust Inc. now owns 264 shares of the software maker’s stock worth $44,000 after purchasing an additional 194 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Paycom Software during the third quarter worth $79,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Paycom Software Stock Performance

Paycom Software stock opened at $209.72 on Monday. The business’s fifty day moving average is $210.30 and its two-hundred day moving average is $192.20. The firm has a market cap of $12.09 billion, a P/E ratio of 25.24, a P/E/G ratio of 2.81 and a beta of 1.15. Paycom Software, Inc. has a 52 week low of $139.50 and a 52 week high of $242.74.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Wednesday, February 12th. The software maker reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.03. Paycom Software had a net margin of 25.78% and a return on equity of 32.90%. On average, equities research analysts predict that Paycom Software, Inc. will post 6.88 earnings per share for the current year.

Paycom Software Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Monday, March 10th. Paycom Software’s dividend payout ratio is currently 18.05%.

Analyst Ratings Changes

A number of equities analysts have recently commented on PAYC shares. Citigroup reduced their price objective on shares of Paycom Software from $234.00 to $221.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. BMO Capital Markets raised their price target on shares of Paycom Software from $183.00 to $197.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Barclays lowered their price objective on Paycom Software from $229.00 to $221.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 23rd. Mizuho raised their target price on Paycom Software from $190.00 to $210.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Finally, JPMorgan Chase & Co. upped their price target on Paycom Software from $185.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday. Eleven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $209.22.

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.