Andar Capital Management HK Ltd Takes Position in Paycom Software, Inc. (NYSE:PAYC)

Andar Capital Management HK Ltd bought a new stake in shares of Paycom Software, Inc. (NYSE:PAYC) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 10,000 shares of the software maker’s stock, valued at approximately $2,067,000. Paycom Software makes up about 2.9% of Andar Capital Management HK Ltd’s portfolio, making the stock its 16th biggest position.

Several other hedge funds also recently modified their holdings of PAYC. Hexagon Capital Partners LLC raised its stake in shares of Paycom Software by 333.3% during the fourth quarter. Hexagon Capital Partners LLC now owns 130 shares of the software maker’s stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its stake in shares of Paycom Software by 83.5% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 156 shares of the software maker’s stock valued at $40,000 after purchasing an additional 71 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Paycom Software during the third quarter valued at about $52,000. Operose Advisors LLC bought a new stake in shares of Paycom Software during the third quarter valued at about $55,000. Finally, GAMMA Investing LLC bought a new stake in shares of Paycom Software during the fourth quarter valued at about $49,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Paycom Software Price Performance

Shares of Paycom Software stock traded up $1.65 during midday trading on Wednesday, reaching $189.63. The company had a trading volume of 925,445 shares, compared to its average volume of 840,032. The stock has a fifty day moving average price of $189.83 and a 200 day moving average price of $195.41. The firm has a market cap of $10.91 billion, a PE ratio of 31.86, a P/E/G ratio of 3.30 and a beta of 1.17. Paycom Software, Inc. has a fifty-two week low of $146.15 and a fifty-two week high of $374.04.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings data on Wednesday, February 7th. The software maker reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.15. The company had revenue of $434.60 million for the quarter, compared to analyst estimates of $422.50 million. Paycom Software had a return on equity of 24.60% and a net margin of 20.12%. The firm’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.38 earnings per share. As a group, sell-side analysts forecast that Paycom Software, Inc. will post 5.73 EPS for the current year.

Paycom Software Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Tuesday, May 28th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Tuesday, May 28th. Paycom Software’s dividend payout ratio (DPR) is presently 25.42%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on PAYC shares. UBS Group lifted their price objective on shares of Paycom Software from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. BTIG Research initiated coverage on Paycom Software in a report on Tuesday, February 6th. They set a “neutral” rating on the stock. Citigroup decreased their price objective on Paycom Software from $205.00 to $198.00 and set a “neutral” rating for the company in a research report on Wednesday, January 31st. Piper Sandler raised their price objective on Paycom Software from $185.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. Finally, Jefferies Financial Group restated a “hold” rating and set a $195.00 price objective on shares of Paycom Software in a research report on Friday, January 5th. Seventeen analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $257.18.

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.