Blackhawk Capital Partners LLC. Purchases 1,008 Shares of Paycom Software, Inc. (NYSE:PAYC)

Blackhawk Capital Partners LLC. grew its position in Paycom Software, Inc. (NYSE:PAYC) by 35.3% during the fourth quarter, HoldingsChannel reports. The firm owned 3,864 shares of the software maker’s stock after buying an additional 1,008 shares during the period. Blackhawk Capital Partners LLC.’s holdings in Paycom Software were worth $792,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Sylebra Capital LLC grew its stake in Paycom Software by 0.3% during the third quarter. Sylebra Capital LLC now owns 1,962,468 shares of the software maker’s stock worth $326,888,000 after purchasing an additional 5,000 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Paycom Software by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,426,920 shares of the software maker’s stock worth $237,015,000 after buying an additional 45,404 shares in the last quarter. FMR LLC grew its position in shares of Paycom Software by 55.0% during the 3rd quarter. FMR LLC now owns 1,007,919 shares of the software maker’s stock worth $167,889,000 after buying an additional 357,723 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Paycom Software by 1.0% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 627,510 shares of the software maker’s stock worth $104,524,000 after buying an additional 6,488 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake 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 valued at $81,030,000 after acquiring an additional 151,807 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Mizuho raised their price target 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. BMO Capital Markets raised their target price on 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 boosted their target price on Paycom Software from $193.00 to $248.00 and gave the company a “hold” rating in a research report on Monday, December 9th. StockNews.com upgraded Paycom Software from a “hold” rating to a “buy” rating in a report on Friday, January 31st. Finally, Citigroup decreased their price objective on Paycom Software from $234.00 to $221.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $209.22.

Paycom Software Stock Up 2.9 %

Shares of NYSE:PAYC opened at $219.29 on Tuesday. The business’s 50 day moving average is $207.67 and its 200 day moving average is $194.49. Paycom Software, Inc. has a 12-month low of $139.50 and a 12-month high of $242.74. The stock has a market cap of $12.56 billion, a price-to-earnings ratio of 24.64, a PEG 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 for the quarter, beating analysts’ consensus estimates 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, equities research analysts expect that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Monday, March 10th. Paycom Software’s payout ratio is 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.