Hexagon Capital Partners LLC Boosts Holdings in Paycom Software, Inc. (NYSE:PAYC)

Hexagon Capital Partners LLC raised its holdings in Paycom Software, Inc. (NYSE:PAYC) by 333.3% during the 4th quarter, Holdings Channel reports. The firm owned 130 shares of the software maker’s stock after purchasing an additional 100 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Paycom Software were worth $27,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Paycom Software by 1.2% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,500 shares of the software maker’s stock valued at $1,167,000 after buying an additional 52 shares during the period. HBK Sorce Advisory LLC grew its position in shares of Paycom Software by 5.9% in the fourth quarter. HBK Sorce Advisory LLC now owns 986 shares of the software maker’s stock valued at $204,000 after purchasing an additional 55 shares during the period. Renaissance Group LLC lifted its position in Paycom Software by 1.1% during the third quarter. Renaissance Group LLC now owns 5,391 shares of the software maker’s stock worth $1,398,000 after buying an additional 61 shares during the period. Bouvel Investment Partners LLC boosted its stake in Paycom Software by 1.0% in the 4th quarter. Bouvel Investment Partners LLC now owns 6,431 shares of the software maker’s stock worth $1,329,000 after buying an additional 63 shares during the last quarter. Finally, Optas LLC grew its holdings in Paycom Software by 7.0% in the 4th quarter. Optas LLC now owns 998 shares of the software maker’s stock valued at $206,000 after buying an additional 65 shares during the period. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on PAYC. Piper Sandler boosted their target price on shares of Paycom Software from $185.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. StockNews.com raised shares of Paycom Software from a “hold” rating to a “buy” rating in a research note on Friday. Citigroup cut their target price on Paycom Software from $196.00 to $193.00 and set a “neutral” rating on the stock in a research report on Thursday. Needham & Company LLC reissued a “hold” rating on shares of Paycom Software in a research report on Thursday. Finally, UBS Group upped their price target on Paycom Software from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Sixteen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $247.25.

Paycom Software Stock Up 2.7 %

Shares of NYSE PAYC opened at $171.29 on Friday. Paycom Software, Inc. has a fifty-two week low of $146.15 and a fifty-two week high of $374.04. The business has a 50 day moving average price of $189.34 and a two-hundred day moving average price of $194.47. The firm has a market cap of $9.86 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 2.84 and a beta of 1.17.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Wednesday, February 7th. The software maker reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.15. Paycom Software had a net margin of 26.91% and a return on equity of 32.84%. The business had revenue of $434.60 million during the quarter, compared to analyst estimates of $422.50 million. During the same quarter in the previous year, the firm earned $1.38 earnings per share. The business’s revenue was up 17.3% compared to the same quarter last year. On average, analysts anticipate that Paycom Software, Inc. will post 5.73 earnings per share for the current year.

Paycom Software Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Tuesday, May 28th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Friday, May 24th. This represents a $1.50 annualized dividend and a dividend yield of 0.88%. Paycom Software’s payout ratio is 18.27%.

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.