Signaturefd LLC Has $172,000 Position in Paycom Software, Inc. (NYSE:PAYC)

Signaturefd LLC lessened its stake in Paycom Software, Inc. (NYSE:PAYC) by 20.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 832 shares of the software maker’s stock after selling 220 shares during the quarter. Signaturefd LLC’s holdings in Paycom Software were worth $172,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC raised its position in 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. Headlands Technologies LLC bought a new stake in Paycom Software during the third quarter worth $52,000. Operose Advisors LLC bought a new stake in Paycom Software during the third quarter worth $55,000. Rakuten Securities Inc. bought a new stake in Paycom Software during the fourth quarter worth $62,000. Finally, Clearstead Advisors LLC raised its position in Paycom Software by 2,536.8% during the third quarter. Clearstead Advisors LLC now owns 501 shares of the software maker’s stock worth $130,000 after acquiring an additional 482 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Paycom Software Price Performance

Shares of NYSE PAYC opened at $188.89 on Monday. The company has a 50 day simple moving average of $189.82 and a 200 day simple moving average of $196.49. The firm has a market cap of $10.87 billion, a PE ratio of 32.02, a price-to-earnings-growth ratio of 3.22 and a beta of 1.17. Paycom Software, Inc. has a 1 year low of $146.15 and a 1 year high of $374.04.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Wednesday, February 7th. The software maker reported $1.93 earnings per share (EPS) 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 business had revenue of $434.60 million during the quarter, compared to analyst estimates of $422.50 million. During the same quarter last year, the business earned $1.38 EPS. The firm’s quarterly revenue was up 17.3% on a year-over-year basis. As a group, research analysts anticipate that Paycom Software, Inc. will post 5.73 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, March 4th were issued a dividend of $0.375 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.50 annualized dividend and a yield of 0.79%. Paycom Software’s payout ratio is 25.42%.

Wall Street Analyst Weigh In

Several research firms have commented on PAYC. UBS Group upped their price objective on shares of Paycom Software from $235.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Citigroup decreased their price target on shares of Paycom Software from $205.00 to $198.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 31st. BTIG Research began coverage on shares of Paycom Software in a research note on Tuesday, February 6th. They issued a “neutral” rating on the stock. Piper Sandler upped their price target on shares of Paycom Software from $185.00 to $190.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. Finally, JPMorgan Chase & Co. increased their price objective 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. Seventeen equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Paycom Software currently has an average rating of “Hold” and an average price target 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.