Keybank National Association OH Acquires 95 Shares of Paycom Software, Inc. (NYSE:PAYC)

Keybank National Association OH grew its holdings in Paycom Software, Inc. (NYSE:PAYCFree Report) by 2.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 3,526 shares of the software maker’s stock after acquiring an additional 95 shares during the period. Keybank National Association OH’s holdings in Paycom Software were worth $914,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in PAYC. Fairfield Bush & CO. acquired a new position in shares of Paycom Software in the 1st quarter valued at $48,000. Cetera Advisor Networks LLC raised its stake in shares of Paycom Software by 15.4% in the 1st quarter. Cetera Advisor Networks LLC now owns 771 shares of the software maker’s stock valued at $267,000 after buying an additional 103 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Paycom Software by 356.2% in the 1st quarter. Acadian Asset Management LLC now owns 406 shares of the software maker’s stock valued at $140,000 after buying an additional 317 shares in the last quarter. Panagora Asset Management Inc. raised its stake in shares of Paycom Software by 62.1% in the 1st quarter. Panagora Asset Management Inc. now owns 3,740 shares of the software maker’s stock valued at $1,295,000 after buying an additional 1,433 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Paycom Software by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,443 shares of the software maker’s stock valued at $2,232,000 after buying an additional 401 shares in the last quarter. Institutional investors and hedge funds own 88.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. TD Cowen cut shares of Paycom Software from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $331.00 to $202.00 in a research report on Wednesday, November 1st. Jefferies Financial Group reiterated a “hold” rating and set a $195.00 target price on shares of Paycom Software in a research report on Friday, January 5th. Bank of America cut shares of Paycom Software from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $330.00 to $185.00 in a research report on Thursday, November 2nd. Oppenheimer reiterated a “market perform” rating on shares of Paycom Software in a research report on Wednesday, November 1st. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a research report on Wednesday, November 1st. Fifteen investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Paycom Software has a consensus rating of “Hold” and a consensus price target of $267.76.

View Our Latest Stock Analysis on Paycom Software

Paycom Software Stock Down 0.4 %

Shares of NYSE:PAYC opened at $194.23 on Tuesday. Paycom Software, Inc. has a 12 month low of $146.15 and a 12 month high of $374.04. The company’s 50-day moving average price is $195.87 and its two-hundred day moving average price is $239.66. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.02. The firm has a market cap of $11.70 billion, a P/E ratio of 33.20, a P/E/G ratio of 1.71 and a beta of 1.21.

Paycom Software Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Monday, March 4th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.77%. Paycom Software’s dividend payout ratio (DPR) is presently 25.64%.

Paycom Software Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Paycom Software (NYSE:PAYC)

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