Calamos Advisors LLC Decreases Stock Holdings in Paycom Software, Inc. (NYSE:PAYC)

Calamos Advisors LLC lowered its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 53.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,204 shares of the software maker’s stock after selling 47,025 shares during the period. Calamos Advisors LLC owned about 0.07% of Paycom Software worth $8,311,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Oak Family Advisors LLC purchased a new stake in shares of Paycom Software in the fourth quarter valued at about $2,994,000. Nordea Investment Management AB lifted its holdings in shares of Paycom Software by 8.8% in the third quarter. Nordea Investment Management AB now owns 261,428 shares of the software maker’s stock valued at $68,912,000 after purchasing an additional 21,095 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Paycom Software by 25.8% in the third quarter. US Bancorp DE now owns 91,950 shares of the software maker’s stock valued at $23,840,000 after purchasing an additional 18,857 shares in the last quarter. Lecap Asset Management Ltd. purchased a new stake in shares of Paycom Software in the fourth quarter valued at about $2,028,000. Finally, Barclays PLC lifted its holdings in shares of Paycom Software by 12.6% in the third quarter. Barclays PLC now owns 125,514 shares of the software maker’s stock valued at $32,543,000 after purchasing an additional 14,053 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PAYC shares. BTIG Research started coverage on shares of Paycom Software in a report on Tuesday, February 6th. They issued a “neutral” rating on the stock. Citigroup cut their price objective on shares of Paycom Software from $205.00 to $198.00 and set a “neutral” rating for the company in a research report on Wednesday, January 31st. Jefferies Financial Group reissued a “hold” rating and issued a $195.00 price objective on shares of Paycom Software in a research report on Friday, January 5th. JPMorgan Chase & Co. boosted their price objective on shares of Paycom Software from $140.00 to $165.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. Finally, Piper Sandler boosted their price objective on shares of Paycom Software from $185.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. Seventeen analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Paycom Software currently has an average rating of “Hold” and a consensus target price of $257.18.

Paycom Software Stock Down 0.9 %

Paycom Software stock opened at $183.25 on Friday. Paycom Software, Inc. has a 52-week low of $146.15 and a 52-week high of $374.04. The firm has a fifty day moving average of $190.12 and a 200-day moving average of $200.33. The firm has a market capitalization of $10.55 billion, a P/E ratio of 31.06, a PEG ratio of 3.15 and a beta of 1.17.

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

Paycom Software Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, March 4th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Friday, March 1st. Paycom Software’s payout ratio is currently 25.42%.

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.