Cumberland Partners Ltd Buys New Shares in Paycom Software, Inc. (NYSE:PAYC)

Cumberland Partners Ltd purchased a new stake in shares of Paycom Software, Inc. (NYSE:PAYC) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 8,525 shares of the software maker’s stock, valued at approximately $1,747,000.

Several other large investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in Paycom Software in the 3rd quarter valued at $28,000. Pin Oak Investment Advisors Inc. boosted its position in shares of Paycom Software by 73.3% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 182 shares of the software maker’s stock valued at $30,000 after acquiring an additional 77 shares in the last quarter. First Horizon Advisors Inc. boosted its position in shares of Paycom Software by 821.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 212 shares of the software maker’s stock valued at $35,000 after acquiring an additional 189 shares in the last quarter. Blue Trust Inc. increased its stake in Paycom Software by 277.1% in the third quarter. Blue Trust Inc. now owns 264 shares of the software maker’s stock valued at $44,000 after acquiring an additional 194 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in Paycom Software in the third quarter worth about $79,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PAYC. Mizuho upped their price objective on Paycom Software from $190.00 to $210.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Citigroup lowered their price target on Paycom Software from $234.00 to $221.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a research note on Thursday, February 13th. TD Cowen boosted their target price on shares of Paycom Software from $193.00 to $248.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Finally, Stifel Nicolaus dropped their target price on shares of Paycom Software from $215.00 to $187.00 and set a “hold” rating for the company in a research report on Thursday, February 13th. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $209.22.

Paycom Software Stock Performance

PAYC opened at $215.86 on Thursday. The company has a fifty day moving average price of $208.86 and a two-hundred day moving average price of $193.01. The firm has a market capitalization of $12.45 billion, a PE ratio of 24.25, a P/E/G ratio of 2.34 and a beta of 1.15. Paycom Software, Inc. has a 52 week low of $139.50 and a 52 week high of $242.74.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data 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 33.53% and a net margin of 26.66%. Equities analysts forecast that Paycom Software, Inc. will post 7.16 EPS for the current year.

Paycom Software Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.69%. The ex-dividend date is Monday, March 10th. Paycom Software’s payout ratio is presently 16.85%.

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.