Tokio Marine Asset Management Co. Ltd. Acquires 233 Shares of Paycom Software, Inc. (NYSE:PAYC)

Tokio Marine Asset Management Co. Ltd. raised its holdings in Paycom Software, Inc. (NYSE:PAYC) by 12.7% in the fourth quarter, Holdings Channel reports. The firm owned 2,062 shares of the software maker’s stock after purchasing an additional 233 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Paycom Software were worth $426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Cary Street Partners Investment Advisory LLC grew its stake in shares of Paycom Software by 83.5% during the 3rd 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 during the period. GAMMA Investing LLC bought a new position in shares of Paycom Software during the 4th quarter worth $49,000. Headlands Technologies LLC purchased a new stake in Paycom Software during the 3rd quarter worth about $52,000. Operose Advisors LLC purchased a new stake in Paycom Software during the 3rd quarter worth about $55,000. Finally, Rakuten Securities Inc. purchased a new stake in Paycom Software during the 4th quarter worth about $62,000. Institutional investors own 87.77% of the company’s stock.

Paycom Software Trading Up 1.2 %

Shares of NYSE PAYC opened at $188.89 on Monday. The stock’s 50-day moving average is $189.82 and its 200 day moving average is $196.49. Paycom Software, Inc. has a 1-year low of $146.15 and a 1-year high of $374.04. The stock has a market cap of $10.87 billion, a price-to-earnings ratio of 32.02, a P/E/G ratio of 3.22 and a beta of 1.17.

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

Paycom Software Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 4th were given 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 0.79%. Paycom Software’s payout ratio is 25.42%.

Wall Street Analyst Weigh In

Several research firms have weighed in on PAYC. Jefferies Financial Group reaffirmed a “hold” rating and issued a $195.00 price target on shares of Paycom Software in a report on Friday, January 5th. JPMorgan Chase & Co. raised their price target on Paycom Software from $140.00 to $165.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. Piper Sandler raised their price target on Paycom Software from $185.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. 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. Finally, UBS Group raised their price target on Paycom Software from $235.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Seventeen analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently 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.