PUREfi Wealth LLC Makes New $287,000 Investment in Paycom Software, Inc. (NYSE:PAYC)

PUREfi Wealth LLC bought a new stake in Paycom Software, Inc. (NYSE:PAYC) during the 4th quarter, HoldingsChannel reports. The fund bought 1,402 shares of the software maker’s stock, valued at approximately $287,000.

Several other hedge funds have also recently bought and sold shares of the company. CWM LLC grew its holdings in shares of Paycom Software by 20.1% during the 3rd quarter. CWM LLC now owns 2,008 shares of the software maker’s stock valued at $334,000 after purchasing an additional 336 shares during the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of Paycom Software in the 3rd quarter worth approximately $265,000. Creative Planning lifted its position in shares of Paycom Software by 27.5% in the 3rd quarter. Creative Planning now owns 7,586 shares of the software maker’s stock worth $1,264,000 after purchasing an additional 1,635 shares during the period. NBC Securities Inc. lifted its position in shares of Paycom Software by 74.3% during the 3rd quarter. NBC Securities Inc. now owns 1,459 shares of the software maker’s stock valued at $243,000 after acquiring an additional 622 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Paycom Software by 2.1% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,719 shares of the software maker’s stock valued at $786,000 after acquiring an additional 95 shares during the period. 87.77% of the stock is owned by institutional investors.

Paycom Software Price Performance

Shares of NYSE PAYC opened at $209.72 on Friday. Paycom Software, Inc. has a one year low of $139.50 and a one year high of $242.74. The firm’s 50 day simple moving average is $210.84 and its two-hundred day simple moving average is $191.52. The stock has a market capitalization of $12.09 billion, a P/E ratio of 25.24, a PEG ratio of 2.81 and a beta of 1.15.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Wednesday, February 12th. The software maker reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.03. Paycom Software had a net margin of 25.78% and a return on equity of 32.90%. As a group, equities analysts expect that Paycom Software, Inc. will post 6.88 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Monday, March 10th. Paycom Software’s dividend payout ratio is 18.05%.

Wall Street Analyst Weigh In

PAYC has been the subject of a number of recent research reports. Mizuho boosted their price target on shares of Paycom Software from $190.00 to $210.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Needham & Company LLC restated a “hold” rating on shares of Paycom Software in a research report on Thursday. Barclays reduced their price target on shares of Paycom Software from $229.00 to $221.00 and set an “equal weight” rating for the company in a research report on Thursday, January 23rd. Jefferies Financial Group upped their price objective on shares of Paycom Software from $170.00 to $175.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Finally, BMO Capital Markets increased their price target on shares of Paycom Software from $183.00 to $197.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Eleven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $209.22.

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.