Blackhawk Capital Partners LLC. Has $792,000 Position in Paycom Software, Inc. (NYSE:PAYC)

Blackhawk Capital Partners LLC. raised its position in Paycom Software, Inc. (NYSE:PAYC) by 35.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,864 shares of the software maker’s stock after buying an additional 1,008 shares during the quarter. Blackhawk Capital Partners LLC.’s holdings in Paycom Software were worth $792,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PAYC. Synergy Financial Group LTD grew its position in Paycom Software by 24.8% during the fourth quarter. Synergy Financial Group LTD now owns 2,619 shares of the software maker’s stock worth $537,000 after buying an additional 521 shares in the last quarter. IFP Advisors Inc raised its position in shares of Paycom Software by 635.7% in the 4th quarter. IFP Advisors Inc now owns 206 shares of the software maker’s stock valued at $43,000 after buying an additional 178 shares in the last quarter. New World Advisors LLC bought a new stake in shares of Paycom Software during the 4th quarter worth approximately $222,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Paycom Software during the 4th quarter worth approximately $2,330,000. Finally, Ieq Capital LLC increased its stake in Paycom Software by 63.7% in the fourth quarter. Ieq Capital LLC now owns 3,685 shares of the software maker’s stock valued at $755,000 after acquiring an additional 1,434 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on PAYC. Stifel Nicolaus cut their target price on Paycom Software from $215.00 to $187.00 and set a “hold” rating for the company in a research note on Thursday, February 13th. Mizuho upped their price objective on Paycom Software from $190.00 to $210.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. JPMorgan Chase & Co. lifted their target price on Paycom Software from $185.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Jefferies Financial Group boosted their target price on Paycom Software from $170.00 to $175.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Finally, StockNews.com upgraded shares of Paycom Software from a “hold” rating to a “buy” rating in a research note on Friday, January 31st. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $209.22.

Paycom Software Price Performance

Shares of NYSE PAYC opened at $219.29 on Tuesday. The company has a 50 day simple moving average of $207.67 and a 200 day simple moving average of $194.49. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $242.74. The firm has a market cap of $12.56 billion, a PE ratio of 24.64, a price-to-earnings-growth ratio of 2.40 and a beta of 1.15.

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Wednesday, February 12th. The software maker reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.03. Paycom Software had a net margin of 26.66% and a return on equity of 33.53%. As a group, research analysts anticipate that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Monday, March 10th. Paycom Software’s payout ratio is presently 16.85%.

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.