By otakuyassine3@gmail.com 
New York State Teachers Retirement System decreased its position in shares of Paycom Software, Inc. (NYSE:PAYC – Free Report) by 6.7% during the fourth quarter, HoldingsChannel reports. The firm owned 46,343 shares of the software maker’s stock after selling 3,313 shares during the period. New York State Teachers Retirement System’s holdings in Paycom Software were worth $9,499,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Private Trust Co. NA increased its holdings in shares of Paycom Software by 11.2% in the third quarter. Private Trust Co. NA now owns 526 shares of the software maker’s stock worth $88,000 after buying an additional 53 shares during the period. Wrapmanager Inc. increased its holdings in shares of Paycom Software by 2.6% in the third quarter. Wrapmanager Inc. now owns 2,176 shares of the software maker’s stock worth $362,000 after buying an additional 56 shares during the period. Andina Capital Management LLC increased its holdings in shares of Paycom Software by 4.0% in the third quarter. Andina Capital Management LLC now owns 1,651 shares of the software maker’s stock worth $275,000 after buying an additional 63 shares during the period. Michael S. Ryan Inc. increased its holdings in shares of Paycom Software by 2.5% in the fourth quarter. Michael S. Ryan Inc. now owns 2,796 shares of the software maker’s stock worth $573,000 after buying an additional 68 shares during the period. Finally, Valley National Advisers Inc. increased its holdings in shares of Paycom Software by 0.7% in the fourth quarter. Valley National Advisers Inc. now owns 10,702 shares of the software maker’s stock worth $2,192,000 after buying an additional 72 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.
Paycom Software Stock Up 2.1 %
Shares of PAYC opened at $213.52 on Wednesday. The business’s 50 day moving average price is $209.80 and its 200-day moving average price is $192.50. Paycom Software, Inc. has a 52 week low of $139.50 and a 52 week high of $242.74. The stock has a market cap of $12.31 billion, a P/E ratio of 25.69, a P/E/G ratio of 2.81 and a beta of 1.15.
Paycom Software (NYSE:PAYC – Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The software maker reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.99 by $0.03. Paycom Software had a return on equity of 32.90% and a net margin of 25.78%. On average, equities analysts anticipate that Paycom Software, Inc. will post 6.88 EPS for the current year.
Paycom Software Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be given a $0.375 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.70%. Paycom Software’s dividend payout ratio is currently 18.05%.
Analyst Ratings Changes
Several research analysts have recently commented on PAYC shares. Piper Sandler lifted their price objective on Paycom Software from $191.00 to $224.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Mizuho raised their target price on Paycom Software from $190.00 to $210.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. StockNews.com raised Paycom Software from a “hold” rating to a “buy” rating in a research note on Friday, January 31st. Stifel Nicolaus cut their target price on Paycom Software from $215.00 to $187.00 and set a “hold” rating on the stock in a research note on Thursday, February 13th. Finally, BMO Capital Markets raised their target price on Paycom Software from $183.00 to $197.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Eleven research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $209.22.
Read Our Latest Stock Analysis on PAYC
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.
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