Lecap Asset Management Ltd. Takes Position in Paycom Software, Inc. (NYSE:PAYC)

Lecap Asset Management Ltd. bought a new stake in Paycom Software, Inc. (NYSE:PAYC) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,811 shares of the software maker’s stock, valued at approximately $2,028,000.

Several other large investors have also modified their holdings of the stock. Fairfield Bush & CO. purchased a new position in Paycom Software during the 2nd quarter worth $27,000. KB Financial Partners LLC purchased a new position in Paycom Software during the 1st quarter worth $28,000. Clear Street Markets LLC raised its position in Paycom Software by 98.0% during the 1st quarter. Clear Street Markets LLC now owns 97 shares of the software maker’s stock worth $29,000 after buying an additional 48 shares during the last quarter. Sunbelt Securities Inc. purchased a new position in shares of Paycom Software in the 1st quarter valued at about $33,000. Finally, Cary Street Partners Investment Advisory LLC increased its holdings in shares of Paycom Software by 83.5% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 156 shares of the software maker’s stock valued at $40,000 after purchasing an additional 71 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on PAYC shares. Jefferies Financial Group reiterated a “hold” rating and issued a $195.00 price target on shares of Paycom Software in a report on Friday, January 5th. BTIG Research started coverage on shares of Paycom Software in a report on Tuesday, February 6th. They issued a “neutral” rating for the company. UBS Group increased their price target on shares of Paycom Software from $235.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. JPMorgan Chase & Co. increased their price target on shares of Paycom Software from $140.00 to $165.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. Finally, Piper Sandler increased their price target 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. Seventeen investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $257.18.

Paycom Software Price Performance

PAYC stock traded down $6.52 during midday trading on Friday, reaching $198.00. 758,391 shares of the company’s stock traded hands, compared to its average volume of 749,170. The company has a market capitalization of $11.39 billion, a P/E ratio of 33.56, a PEG ratio of 3.49 and a beta of 1.17. 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 $190.90 and a two-hundred day moving average price of $202.76.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings results on Wednesday, February 7th. The software maker reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.15. The firm had revenue of $434.60 million for the quarter, compared to analysts’ expectations of $422.50 million. Paycom Software had a net margin of 20.12% and a return on equity of 24.60%. Paycom Software’s revenue was up 17.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.38 earnings per share. As a group, research analysts forecast that Paycom Software, Inc. will post 5.73 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, March 4th were paid a dividend of $0.375 per share. The ex-dividend date was Friday, March 1st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.76%. Paycom Software’s dividend payout ratio is currently 25.42%.

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.