Intrinsic Value Partners LLC Sells 240 Shares of Paycom Software, Inc. (NYSE:PAYC)

Intrinsic Value Partners LLC lowered its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 2.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,515 shares of the software maker’s stock after selling 240 shares during the quarter. Paycom Software accounts for approximately 2.2% of Intrinsic Value Partners LLC’s investment portfolio, making the stock its 15th biggest holding. Intrinsic Value Partners LLC’s holdings in Paycom Software were worth $2,155,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. FMR LLC raised its holdings in shares of Paycom Software by 55.0% in the 3rd quarter. FMR LLC now owns 1,007,919 shares of the software maker’s stock worth $167,889,000 after purchasing an additional 357,723 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Paycom Software by 9,997.5% in the 3rd quarter. International Assets Investment Management LLC now owns 281,315 shares of the software maker’s stock worth $46,859,000 after purchasing an additional 278,529 shares during the period. Confluence Investment Management LLC raised its holdings in shares of Paycom Software by 147.3% in the 3rd quarter. Confluence Investment Management LLC now owns 377,876 shares of the software maker’s stock worth $62,943,000 after purchasing an additional 225,081 shares during the period. Strategic Financial Concepts LLC bought a new stake in shares of Paycom Software in the 4th quarter worth approximately $42,893,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Paycom Software by 45.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 486,462 shares of the software maker’s stock worth $81,030,000 after purchasing an additional 151,807 shares during the period. Institutional investors own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

PAYC has been the topic of a number of research reports. Jefferies Financial Group lifted their price target on shares of Paycom Software from $170.00 to $175.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a research note on Thursday. TD Cowen lifted their price objective on shares of Paycom Software from $193.00 to $248.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Stifel Nicolaus reduced their price objective on shares of Paycom Software from $215.00 to $187.00 and set a “hold” rating for the company in a research note on Thursday. Finally, Barclays reduced their price objective on shares of Paycom Software from $229.00 to $221.00 and set an “equal weight” rating for the company in a research note on Thursday, January 23rd. Eleven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $209.22.

Paycom Software Stock Performance

Shares of NYSE:PAYC opened at $209.72 on Friday. Paycom Software, Inc. has a 52-week low of $139.50 and a 52-week high of $242.74. The firm has a fifty day moving average of $210.84 and a 200 day moving average of $191.52. The firm has a market capitalization of $12.09 billion, a PE ratio of 25.24, a price-to-earnings-growth ratio of 2.81 and a beta of 1.15.

Paycom Software (NYSE:PAYC) last announced its earnings results on Wednesday, February 12th. The software maker reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.03. Paycom Software had a net margin of 25.78% and a return on equity of 32.90%. On average, sell-side analysts forecast that Paycom Software, Inc. will post 6.88 EPS for the current fiscal year.

Paycom Software Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be given a $0.375 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.50 annualized dividend and a yield of 0.72%. Paycom Software’s dividend payout ratio (DPR) is presently 18.05%.

Paycom Software Company 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.