Andar Capital Management HK Ltd Makes New $2.07 Million Investment in Paycom Software, Inc. (NYSE:PAYC)

Andar Capital Management HK Ltd bought a new position in Paycom Software, Inc. (NYSE:PAYC) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 10,000 shares of the software maker’s stock, valued at approximately $2,067,000. Paycom Software accounts for approximately 2.9% of Andar Capital Management HK Ltd’s holdings, making the stock its 16th biggest holding.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Paycom Software by 0.6% in the third quarter. Vanguard Group Inc. now owns 5,799,327 shares of the software maker’s stock worth $1,503,592,000 after acquiring an additional 32,038 shares during the period. American Century Companies Inc. lifted its position in shares of Paycom Software by 18.8% in the third quarter. American Century Companies Inc. now owns 1,139,511 shares of the software maker’s stock valued at $295,441,000 after acquiring an additional 180,202 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of Paycom Software by 6.0% in the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 905,783 shares of the software maker’s stock valued at $172,316,000 after acquiring an additional 50,879 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Paycom Software by 16,173.6% in the fourth quarter. International Assets Investment Management LLC now owns 787,803 shares of the software maker’s stock valued at $162,855,000 after acquiring an additional 782,962 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in Paycom Software by 3.8% during the third quarter. Northern Trust Corp now owns 538,282 shares of the software maker’s stock worth $139,560,000 after buying an additional 19,900 shares during the period. Institutional investors own 87.77% of the company’s stock.

Paycom Software Stock Up 0.9 %

Shares of PAYC traded up $1.65 during mid-day trading on Wednesday, reaching $189.63. 925,445 shares of the company’s stock were exchanged, compared to its average volume of 840,032. The company has a 50-day simple moving average of $189.83 and a two-hundred day simple moving average of $195.41. Paycom Software, Inc. has a 52-week low of $146.15 and a 52-week high of $374.04. The company has a market cap of $10.91 billion, a price-to-earnings ratio of 31.86, a PEG ratio of 3.30 and a beta of 1.17.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Wednesday, February 7th. The software maker reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.15. The business had revenue of $434.60 million during 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%. The company’s revenue was up 17.3% on a year-over-year basis. During the same period last year, the company posted $1.38 EPS. As a group, equities research analysts predict that Paycom Software, Inc. will post 5.73 EPS for the current fiscal year.

Paycom Software Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Tuesday, May 28th will be issued a dividend of $0.375 per share. The ex-dividend date is Tuesday, May 28th. This represents a $1.50 annualized dividend and a dividend yield of 0.79%. Paycom Software’s payout ratio is 25.42%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on PAYC shares. Piper Sandler increased their price objective on Paycom Software from $185.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. BTIG Research initiated coverage on Paycom Software in a research report on Tuesday, February 6th. They set a “neutral” rating on the stock. Citigroup dropped their target price on Paycom Software from $205.00 to $198.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 31st. UBS Group raised their target price on Paycom Software from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $195.00 price objective on shares of Paycom Software in a report on Friday, January 5th. Seventeen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $257.18.

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.