Alberta Investment Management Corp Has $4.99 Million Stock Position in Paycom Software, Inc. (NYSE:PAYC)

Alberta Investment Management Corp lifted its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 24.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,320 shares of the software maker’s stock after purchasing an additional 4,720 shares during the quarter. Alberta Investment Management Corp’s holdings in Paycom Software were worth $4,985,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Brooklyn Investment Group acquired a new position in Paycom Software in the 3rd quarter valued at $28,000. Pin Oak Investment Advisors Inc. grew its stake in Paycom Software by 73.3% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 182 shares of the software maker’s stock valued at $30,000 after buying an additional 77 shares during the last quarter. First Horizon Advisors Inc. grew its stake in Paycom Software by 821.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 212 shares of the software maker’s stock valued at $35,000 after buying an additional 189 shares during the last quarter. Blue Trust Inc. grew its stake in Paycom Software by 277.1% in the 3rd quarter. Blue Trust Inc. now owns 264 shares of the software maker’s stock valued at $44,000 after buying an additional 194 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Paycom Software in the 3rd quarter valued at $79,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analyst Ratings Changes

PAYC has been the topic of a number of research analyst reports. BMO Capital Markets raised their target price on shares of Paycom Software from $183.00 to $197.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. TD Cowen increased their price target on shares of Paycom Software from $193.00 to $248.00 and gave the company a “hold” rating in a report on Monday, December 9th. StockNews.com upgraded shares of Paycom Software from a “hold” rating to a “buy” rating in a report on Friday, January 31st. Mizuho boosted their price objective on shares of Paycom Software from $190.00 to $210.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Finally, Barclays dropped their price objective on shares of Paycom Software from $229.00 to $221.00 and set an “equal weight” rating on the stock in a report on Thursday, January 23rd. Eleven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Paycom Software currently has an average rating of “Hold” and an average price target of $209.22.

Paycom Software Stock Performance

Shares of Paycom Software stock opened at $215.86 on Thursday. The firm’s 50-day simple moving average is $208.86 and its 200-day simple moving average is $193.01. Paycom Software, Inc. has a twelve month low of $139.50 and a twelve month high of $242.74. The firm has a market cap of $12.45 billion, a P/E ratio of 24.25, a price-to-earnings-growth ratio of 2.34 and a beta of 1.15.

Paycom Software (NYSE:PAYC) last issued its earnings results on Wednesday, February 12th. The software maker reported $2.02 earnings per share 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%. On average, equities analysts forecast that Paycom Software, Inc. will post 7.16 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders 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 dividend on an annualized basis and a yield of 0.69%. Paycom Software’s dividend payout ratio (DPR) is presently 16.85%.

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.