UBS Group AG Acquires 3,086 Shares of Paycom Software, Inc. (NYSE:PAYC)

UBS Group AG boosted its holdings in Paycom Software, Inc. (NYSE:PAYC – Get Rating) by 8.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,811 shares of the software maker’s stock after acquiring an additional 3,086 shares during the quarter. UBS Group AG owned 0.07% of Paycom Software worth $12,974,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its stake in shares of Paycom Software by 47.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 877,824 shares of the software maker’s stock worth $304,061,000 after purchasing an additional 283,892 shares in the last quarter. Balyasny Asset Management LLC increased its stake in Paycom Software by 456.2% in the 3rd quarter. Balyasny Asset Management LLC now owns 213,415 shares of the software maker’s stock worth $70,425,000 after buying an additional 175,042 shares in the last quarter. Eagle Asset Management Inc. increased its stake in Paycom Software by 45.3% in the 3rd quarter. Eagle Asset Management Inc. now owns 390,838 shares of the software maker’s stock worth $128,972,000 after buying an additional 121,943 shares in the last quarter. Wellington Management Group LLP increased its stake in Paycom Software by 8.7% in the 1st quarter. Wellington Management Group LLP now owns 1,359,073 shares of the software maker’s stock worth $470,756,000 after buying an additional 108,505 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in Paycom Software by 348.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 130,056 shares of the software maker’s stock worth $40,358,000 after buying an additional 101,049 shares in the last quarter. 88.58% of the stock is owned by institutional investors.

Insider Buying and Selling at Paycom Software

In other Paycom Software news, Director Jason D. Clark sold 1,070 shares of Paycom Software stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $278.33, for a total value of $297,813.10. Following the completion of the transaction, the director now owns 4,741 shares of the company’s stock, valued at $1,319,562.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 14.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PAYC shares. Piper Sandler dropped their price objective on shares of Paycom Software from $417.00 to $399.00 in a report on Wednesday, May 3rd. StockNews.com raised shares of Paycom Software from a “hold” rating to a “buy” rating in a report on Friday, May 12th. BMO Capital Markets raised their price objective on shares of Paycom Software from $289.00 to $302.00 in a research note on Wednesday, May 3rd. Credit Suisse Group reduced their target price on shares of Paycom Software from $430.00 to $375.00 in a research report on Wednesday, May 3rd. Finally, DA Davidson raised shares of Paycom Software from a “neutral” rating to a “buy” rating and set a $350.00 price objective on the stock in a report on Thursday, March 30th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Paycom Software has a consensus rating of “Moderate Buy” and an average target price of $368.53.

Paycom Software Trading Up 1.1 %

NYSE:PAYC opened at $285.36 on Monday. Paycom Software, Inc. has a 12 month low of $255.82 and a 12 month high of $402.78. The firm has a fifty day simple moving average of $285.14 and a 200-day simple moving average of $303.11. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $17.20 billion, a P/E ratio of 53.54, a PEG ratio of 1.86 and a beta of 1.41.

Paycom Software (NYSE:PAYC – Get Rating) last posted its earnings results on Tuesday, May 2nd. The software maker reported $2.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.06. The company had revenue of $451.64 million during the quarter, compared to the consensus estimate of $444.23 million. Paycom Software had a net margin of 20.96% and a return on equity of 26.29%. On average, equities research analysts anticipate that Paycom Software, Inc. will post 6.12 earnings per share for the current year.

Paycom Software Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 12th. Investors of record on Tuesday, May 30th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Friday, May 26th. This represents a $1.50 dividend on an annualized basis and a yield of 0.53%.

Paycom Software Profile

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Paycom Software, Inc engages in the provision of cloud-based human capital management (HCM) software solutions delivered as Software-as-a-Service. It offers functionality and data analytics that businesses need to manage the complete employment life cycle from recruitment to retirement. Its solutions include talent acquisition, time and labor management, payroll, talent management, and human resource management.