Vontobel Holding Ltd. Increases Holdings in Paycom Software, Inc. (NYSE:PAYC)

Vontobel Holding Ltd. grew its holdings in Paycom Software, Inc. (NYSE:PAYC) by 19.3% during the fourth quarter, HoldingsChannel reports. The fund owned 4,790 shares of the software maker’s stock after purchasing an additional 774 shares during the period. Vontobel Holding Ltd.’s holdings in Paycom Software were worth $990,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nordea Investment Management AB lifted its position in shares of Paycom Software by 8.8% during the 3rd quarter. Nordea Investment Management AB now owns 261,428 shares of the software maker’s stock worth $68,912,000 after buying an additional 21,095 shares during the last quarter. US Bancorp DE boosted its stake in Paycom Software by 25.8% in the third quarter. US Bancorp DE now owns 91,950 shares of the software maker’s stock valued at $23,840,000 after acquiring an additional 18,857 shares in the last quarter. Lecap Asset Management Ltd. purchased a new position in shares of Paycom Software during the fourth quarter worth about $2,028,000. Barclays PLC increased its position in shares of Paycom Software by 12.6% during the third quarter. Barclays PLC now owns 125,514 shares of the software maker’s stock worth $32,543,000 after purchasing an additional 14,053 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in shares of Paycom Software by 19.8% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 854,904 shares of the software maker’s stock valued at $221,651,000 after purchasing an additional 141,464 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Paycom Software Stock Performance

Paycom Software stock opened at $183.25 on Friday. The company has a market cap of $10.55 billion, a P/E ratio of 31.06, a price-to-earnings-growth ratio of 3.13 and a beta of 1.17. Paycom Software, Inc. has a one year low of $146.15 and a one year high of $374.04. The business has a fifty day moving average of $190.12 and a two-hundred day moving average of $199.90.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Wednesday, February 7th. The software maker reported $1.93 EPS 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 firm had revenue of $434.60 million for the quarter, compared to the consensus estimate of $422.50 million. During the same quarter in the previous year, the firm earned $1.38 earnings per share. The firm’s revenue was up 17.3% on a year-over-year basis. Sell-side analysts predict that Paycom Software, Inc. will post 5.73 EPS for the current year.

Paycom Software Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have commented on PAYC. UBS Group lifted their price target on Paycom Software from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. 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 report on Thursday, February 8th. Jefferies Financial Group reissued a “hold” rating and set a $195.00 price objective on shares of Paycom Software in a research report on Friday, January 5th. BTIG Research started coverage on shares of Paycom Software in a report on Tuesday, February 6th. They issued a “neutral” rating for the company. Finally, Citigroup lowered their price target on Paycom Software from $205.00 to $198.00 and set a “neutral” rating on the stock in a report on Wednesday, January 31st. Seventeen investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus 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.