Jacobs Levy Equity Management Inc. Acquires Shares of 3,157 Paycom Software, Inc. $PAYC

Jacobs Levy Equity Management Inc. purchased a new position in shares of Paycom Software, Inc. (NYSE:PAYC) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,157 shares of the software maker’s stock, valued at approximately $690,000.

Other large investors also recently bought and sold shares of the company. Brooklyn Investment Group lifted its stake in Paycom Software by 19.4% in the 1st quarter. Brooklyn Investment Group now owns 240 shares of the software maker’s stock valued at $52,000 after buying an additional 39 shares in the last quarter. Commerce Bank grew its stake in shares of Paycom Software by 2.2% in the first quarter. Commerce Bank now owns 2,351 shares of the software maker’s stock valued at $514,000 after buying an additional 50 shares in the last quarter. Allworth Financial LP increased its position in shares of Paycom Software by 12.9% during the first quarter. Allworth Financial LP now owns 464 shares of the software maker’s stock worth $105,000 after acquiring an additional 53 shares during the last quarter. US Bancorp DE increased its position in shares of Paycom Software by 0.5% during the first quarter. US Bancorp DE now owns 10,421 shares of the software maker’s stock worth $2,277,000 after acquiring an additional 57 shares during the last quarter. Finally, Salvus Wealth Management LLC increased its holdings in Paycom Software by 4.9% in the first quarter. Salvus Wealth Management LLC now owns 1,238 shares of the software maker’s stock valued at $270,000 after buying an additional 58 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Paycom Software Stock Down 1.6%

Shares of NYSE:PAYC opened at $222.69 on Friday. Paycom Software, Inc. has a 12-month low of $158.03 and a 12-month high of $267.76. The company has a market cap of $12.89 billion, a P/E ratio of 30.13, a price-to-earnings-growth ratio of 2.49 and a beta of 0.81. The company’s fifty day moving average is $227.07 and its two-hundred day moving average is $229.56.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.28. The business had revenue of $483.60 million during the quarter, compared to analyst estimates of $472.00 million. Paycom Software had a return on equity of 25.40% and a net margin of 21.22%.Paycom Software’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period last year, the company earned $1.62 earnings per share. Equities research analysts anticipate that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 8th. Investors of record on Monday, August 25th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, August 25th. This represents a $1.50 dividend on an annualized basis and a yield of 0.7%. Paycom Software’s dividend payout ratio (DPR) is presently 20.30%.

Wall Street Analyst Weigh In

PAYC has been the subject of several research reports. Barclays lifted their target price on Paycom Software from $240.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 7th. Cantor Fitzgerald raised Paycom Software to a “hold” rating in a research note on Thursday. JPMorgan Chase & Co. lifted their target price on Paycom Software from $215.00 to $235.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. KeyCorp boosted their target price on Paycom Software from $285.00 to $290.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Finally, BMO Capital Markets upped their price target on Paycom Software from $244.00 to $258.00 and gave the company a “market perform” rating in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, Paycom Software presently has an average rating of “Hold” and an average target price of $234.36.

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.