Benjamin F. Edwards & Company Inc. Invests $522,000 in Paycom Software, Inc. (NYSE:PAYC)

Benjamin F. Edwards & Company Inc. bought a new stake in shares of Paycom Software, Inc. (NYSE:PAYC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,529 shares of the software maker’s stock, valued at approximately $522,000.

Several other institutional investors and hedge funds have also recently modified their holdings of PAYC. Hexagon Capital Partners LLC lifted its holdings in Paycom Software by 333.3% during the fourth quarter. Hexagon Capital Partners LLC now owns 130 shares of the software maker’s stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its stake in Paycom Software by 83.5% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 156 shares of the software maker’s stock valued at $40,000 after buying an additional 71 shares in the last quarter. GAMMA Investing LLC acquired a new stake in Paycom Software in the 4th quarter worth about $49,000. Headlands Technologies LLC purchased a new stake in Paycom Software during the 3rd quarter worth approximately $52,000. Finally, Operose Advisors LLC acquired a new position in shares of Paycom Software during the third quarter valued at approximately $55,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Paycom Software Trading Down 2.4 %

NYSE PAYC opened at $172.26 on Thursday. The stock has a fifty day simple moving average of $188.87 and a 200-day simple moving average of $192.02. The stock has a market cap of $10.01 billion, a PE ratio of 20.98, a P/E/G ratio of 2.84 and a beta of 1.17. Paycom Software, Inc. has a twelve month low of $146.15 and a twelve month high of $374.04.

Paycom Software (NYSE:PAYC) last announced its earnings results on Wednesday, February 7th. The software maker reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.15. The company had revenue of $434.60 million during the quarter, compared to analyst estimates of $422.50 million. Paycom Software had a net margin of 26.91% and a return on equity of 32.84%. Paycom Software’s revenue was up 17.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.38 earnings per share. Research analysts predict that Paycom Software, Inc. will post 5.82 EPS for the current year.

Paycom Software Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Tuesday, May 28th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Friday, May 24th. This represents a $1.50 annualized dividend and a yield of 0.87%. Paycom Software’s dividend payout ratio (DPR) is presently 18.27%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PAYC. JPMorgan Chase & Co. lifted their price target on Paycom Software from $165.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Paycom Software in a research note on Thursday, May 2nd. William Blair reiterated a “market perform” rating on shares of Paycom Software in a research report on Thursday, May 2nd. Citigroup lowered their price target on shares of Paycom Software from $196.00 to $193.00 and set a “neutral” rating on the stock in a research report on Thursday, May 2nd. Finally, Mizuho cut their price objective on shares of Paycom Software from $185.00 to $170.00 and set a “neutral” rating for the company in a report on Monday. Sixteen equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $246.31.

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.