Natixis Advisors L.P. Grows Holdings in Paycom Software, Inc. (NYSE:PAYC)

Natixis Advisors L.P. grew its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 244.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,438 shares of the software maker’s stock after buying an additional 31,532 shares during the quarter. Natixis Advisors L.P.’s holdings in Paycom Software were worth $9,186,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Paycom Software by 1.2% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,500 shares of the software maker’s stock worth $1,167,000 after purchasing an additional 52 shares during the period. HBK Sorce Advisory LLC lifted its position in shares of Paycom Software by 5.9% during the 4th quarter. HBK Sorce Advisory LLC now owns 986 shares of the software maker’s stock valued at $204,000 after buying an additional 55 shares during the last quarter. Renaissance Group LLC grew its stake in shares of Paycom Software by 1.1% during the 3rd quarter. Renaissance Group LLC now owns 5,391 shares of the software maker’s stock worth $1,398,000 after acquiring an additional 61 shares during the period. Bouvel Investment Partners LLC increased its holdings in Paycom Software by 1.0% in the 4th quarter. Bouvel Investment Partners LLC now owns 6,431 shares of the software maker’s stock worth $1,329,000 after acquiring an additional 63 shares during the last quarter. Finally, Optas LLC raised its stake in Paycom Software by 7.0% in the 4th quarter. Optas LLC now owns 998 shares of the software maker’s stock valued at $206,000 after acquiring an additional 65 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Paycom Software Trading Down 2.4 %

Shares of NYSE PAYC opened at $172.26 on Thursday. The stock has a market cap of $10.01 billion, a price-to-earnings ratio of 20.98, a P/E/G ratio of 2.84 and a beta of 1.17. The stock’s 50-day moving average is $188.87 and its 200 day moving average is $192.02. Paycom Software, Inc. has a 1-year low of $146.15 and a 1-year high of $374.04.

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

Paycom Software Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Mizuho reduced their target price on shares of Paycom Software from $185.00 to $170.00 and set a “neutral” rating for the company in a research note on Monday. JPMorgan Chase & Co. increased their target price on Paycom Software from $165.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. UBS Group lifted their price target on Paycom Software from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Barclays cut their target price on Paycom Software from $193.00 to $184.00 and set an “equal weight” rating for the company in a research note on Thursday, May 2nd. Finally, Piper Sandler upped their price target on Paycom Software from $185.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. Sixteen investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Paycom Software has a consensus rating of “Hold” and an average price target of $246.31.

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.