Vontobel Holding Ltd. Grows Stock Position in Paycom Software, Inc. (NYSE:PAYC)

Vontobel Holding Ltd. boosted its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 19.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,790 shares of the software maker’s stock after buying an additional 774 shares during the quarter. Vontobel Holding Ltd.’s holdings in Paycom Software were worth $990,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fairfield Bush & CO. bought a new position in shares of Paycom Software during the second quarter valued at approximately $27,000. KB Financial Partners LLC purchased a new position in Paycom Software during the 1st quarter valued at $28,000. Clear Street Markets LLC grew its position in Paycom Software by 98.0% in the 1st quarter. Clear Street Markets LLC now owns 97 shares of the software maker’s stock valued at $29,000 after acquiring an additional 48 shares during the last quarter. Sunbelt Securities Inc. purchased a new stake in Paycom Software in the first quarter worth $33,000. Finally, Cary Street Partners Investment Advisory LLC lifted 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 purchasing an additional 71 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Paycom Software Trading Down 0.9 %

Shares of PAYC stock opened at $183.25 on Friday. The company has a market cap of $10.55 billion, a PE ratio of 31.06, a PEG ratio of 3.13 and a beta of 1.17. Paycom Software, Inc. has a 12-month low of $146.15 and a 12-month high of $374.04. The business’s fifty day simple moving average is $190.12 and its 200-day simple moving average is $199.90.

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Wednesday, February 7th. The software maker reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.15. Paycom Software had a return on equity of 24.60% and a net margin of 20.12%. The company had revenue of $434.60 million during the quarter, compared to analysts’ expectations of $422.50 million. During the same period last year, the business posted $1.38 earnings per share. The firm’s revenue was up 17.3% compared to the same quarter last year. On average, equities analysts forecast that Paycom Software, Inc. will post 5.73 earnings per share for the current year.

Paycom Software Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, March 4th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Friday, March 1st. Paycom Software’s dividend payout ratio is presently 25.42%.

Wall Street Analyst Weigh In

Several research firms recently commented on PAYC. UBS Group raised their price target on shares of Paycom Software from $235.00 to $250.00 and gave the stock 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 issued a “neutral” rating for the company. Jefferies Financial Group restated a “hold” rating and set a $195.00 price objective on shares of Paycom Software in a report on Friday, January 5th. Piper Sandler increased their price target on Paycom Software from $185.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. Finally, Citigroup cut their price target on Paycom Software from $205.00 to $198.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 31st. Seventeen research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Paycom Software presently has an average rating of “Hold” and a consensus target price of $257.18.

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.