Nisa Investment Advisors LLC Cuts Stock Position in Paycom Software, Inc. (NYSE:PAYC)

Nisa Investment Advisors LLC reduced its position in Paycom Software, Inc. (NYSE:PAYC) by 59.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,792 shares of the software maker’s stock after selling 4,097 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Paycom Software were worth $577,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fairfield Bush & CO. bought a new stake in shares of Paycom Software in the 2nd quarter valued at about $27,000. KB Financial Partners LLC bought a new stake in shares of Paycom Software in the 1st quarter valued at about $28,000. Clear Street Markets LLC lifted its stake in shares of Paycom Software by 98.0% in the 1st quarter. Clear Street Markets LLC now owns 97 shares of the software maker’s stock valued at $29,000 after acquiring an additional 48 shares during the last quarter. Sunbelt Securities Inc. bought a new stake in shares of Paycom Software in the 1st quarter valued at about $33,000. Finally, Cary Street Partners Investment Advisory LLC lifted its stake 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 acquiring an additional 71 shares during the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Paycom Software Stock Down 1.7 %

Paycom Software stock opened at $186.86 on Thursday. The company has a market capitalization of $10.75 billion, a P/E ratio of 31.67, a PEG ratio of 3.29 and a beta of 1.17. The stock’s 50 day moving average is $190.47 and its 200 day moving average is $200.97. Paycom Software, Inc. has a twelve month low of $146.15 and a twelve month high of $374.04.

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

Paycom Software Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 4th were paid a $0.375 dividend. The ex-dividend date was Friday, March 1st. This represents a $1.50 annualized dividend and a dividend yield of 0.80%. Paycom Software’s payout ratio is currently 25.42%.

Analysts Set New Price Targets

A number of research firms have commented on PAYC. BTIG Research began coverage on Paycom Software in a research report on Tuesday, February 6th. They set a “neutral” rating for the company. Citigroup lowered their price target on Paycom Software from $205.00 to $198.00 and set a “neutral” rating for the company in a research report on Wednesday, January 31st. JPMorgan Chase & Co. upped their price target on Paycom Software from $140.00 to $165.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. Jefferies Financial Group reaffirmed a “hold” rating and set a $195.00 price target on shares of Paycom Software in a research report on Friday, January 5th. Finally, UBS Group upped their price target on Paycom Software from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Seventeen equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price 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.