Swiss National Bank Raises Stock Position in Paycom Software, Inc. (NYSE:PAYC)

Swiss National Bank grew its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 1.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 170,200 shares of the software maker’s stock after buying an additional 2,700 shares during the quarter. Swiss National Bank’s holdings in Paycom Software were worth $35,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of PAYC. Oak Family Advisors LLC bought a new stake in Paycom Software during the fourth quarter valued at about $2,994,000. Nordea Investment Management AB lifted its holdings in Paycom Software by 8.8% during the third quarter. Nordea Investment Management AB now owns 261,428 shares of the software maker’s stock valued at $68,912,000 after purchasing an additional 21,095 shares in the last quarter. Kornitzer Capital Management Inc. KS bought a new position in shares of Paycom Software in the fourth quarter worth approximately $6,615,000. US Bancorp DE boosted its position in shares of Paycom Software by 25.8% in the third quarter. US Bancorp DE now owns 91,950 shares of the software maker’s stock worth $23,840,000 after purchasing an additional 18,857 shares during the period. Finally, Lecap Asset Management Ltd. bought a new stake in shares of Paycom Software during the 4th quarter valued at $2,028,000. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Paycom Software Price Performance

PAYC stock opened at $176.47 on Wednesday. The company has a market capitalization of $10.25 billion, a PE ratio of 21.49, a P/E/G ratio of 2.84 and a beta of 1.17. The firm’s 50-day moving average is $189.10 and its 200 day moving average is $192.16. Paycom Software, Inc. has a 12 month low of $146.15 and a 12 month high of $374.04.

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

Paycom Software Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Tuesday, May 28th will be issued a $0.375 dividend. The ex-dividend date is Friday, May 24th. This represents a $1.50 annualized dividend and a dividend yield of 0.85%. Paycom Software’s dividend payout ratio is currently 18.27%.

Analysts Set New Price Targets

A number of research firms recently commented on PAYC. UBS Group boosted their price target on Paycom Software from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. Mizuho dropped 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 report on Monday. BTIG Research assumed coverage on shares of Paycom Software in a report on Tuesday, February 6th. They issued a “neutral” rating on the stock. StockNews.com raised shares of Paycom Software from a “hold” rating to a “buy” rating in a report on Friday, May 3rd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Paycom Software in a report on Thursday, May 2nd. Sixteen investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $246.31.

About Paycom Software

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.