Daiwa Securities Group Inc. Purchases 5,271 Shares of Paycom Software, Inc. (NYSE:PAYC)

Daiwa Securities Group Inc. lifted its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 99.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,553 shares of the software maker’s stock after acquiring an additional 5,271 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Paycom Software were worth $2,181,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC boosted 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 worth $40,000 after purchasing an additional 71 shares during the period. Headlands Technologies LLC bought a new position in Paycom Software in the 3rd quarter worth about $52,000. Operose Advisors LLC bought a new position in Paycom Software in the 3rd quarter worth about $55,000. Rakuten Securities Inc. bought a new position in Paycom Software in the 4th quarter worth about $62,000. Finally, Clearstead Advisors LLC boosted its stake in Paycom Software by 2,536.8% in the 3rd quarter. Clearstead Advisors LLC now owns 501 shares of the software maker’s stock worth $130,000 after purchasing an additional 482 shares during the period. Institutional investors own 87.77% of the company’s stock.

Paycom Software Price Performance

Shares of Paycom Software stock opened at $186.72 on Tuesday. The business’s 50 day simple moving average is $190.02 and its two-hundred day simple moving average is $198.94. The stock has a market capitalization of $10.75 billion, a P/E ratio of 31.65, 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.

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

Paycom Software Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, March 4th were paid a $0.375 dividend. The ex-dividend date was Friday, March 1st. This represents a $1.50 dividend on an annualized basis and a yield of 0.80%. Paycom Software’s dividend payout ratio (DPR) is currently 25.42%.

Analyst Ratings Changes

Several brokerages have commented on PAYC. Citigroup cut their target price on Paycom Software from $205.00 to $198.00 and set a “neutral” rating for the company in a research note on Wednesday, January 31st. Jefferies Financial Group reiterated a “hold” rating and set a $195.00 price target on shares of Paycom Software in a research report on Friday, January 5th. 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. JPMorgan Chase & Co. lifted their price target on Paycom Software from $140.00 to $165.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. Finally, BTIG Research initiated coverage on Paycom Software in a research report on Tuesday, February 6th. They set a “neutral” rating for the company. Seventeen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $257.18.

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.