APG Asset Management N.V. Has $5.44 Million Stock Position in Paycom Software, Inc. (NYSE:PAYC)

APG Asset Management N.V. grew its position in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 523.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,500 shares of the software maker's stock after purchasing an additional 23,092 shares during the period. APG Asset Management N.V.'s holdings in Paycom Software were worth $5,443,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Private Trust Co. NA boosted its holdings in Paycom Software by 9.3% during the 4th quarter. Private Trust Co. NA now owns 575 shares of the software maker's stock valued at $118,000 after acquiring an additional 49 shares during the period. Oppenheimer & Co. Inc. increased its stake in Paycom Software by 1.8% during the 4th quarter. Oppenheimer & Co. Inc. now owns 2,939 shares of the software maker's stock worth $602,000 after buying an additional 51 shares during the period. Michael S. Ryan Inc. lifted its holdings in Paycom Software by 2.5% during the 4th quarter. Michael S. Ryan Inc. now owns 2,796 shares of the software maker's stock worth $573,000 after buying an additional 68 shares in the last quarter. Valley National Advisers Inc. boosted its position in Paycom Software by 0.7% in the 4th quarter. Valley National Advisers Inc. now owns 10,702 shares of the software maker's stock valued at $2,192,000 after buying an additional 72 shares during the period. Finally, Asset Management One Co. Ltd. increased its position in shares of Paycom Software by 0.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 20,240 shares of the software maker's stock worth $4,184,000 after acquiring an additional 79 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Piper Sandler upped their price target on Paycom Software from $191.00 to $224.00 and gave the stock a "neutral" rating in a report on Friday, February 14th. JPMorgan Chase & Co. increased their price objective on shares of Paycom Software from $185.00 to $200.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. KeyCorp raised Paycom Software from a "sector weight" rating to an "overweight" rating and set a $245.00 target price on the stock in a report on Monday, March 10th. Barclays decreased their price target on Paycom Software from $229.00 to $221.00 and set an "equal weight" rating for the company in a report on Thursday, January 23rd. Finally, StockNews.com lowered Paycom Software from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Twelve analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $212.80.

Paycom Software Trading Up 0.5 %

Shares of NYSE:PAYC traded up $1.12 during trading on Thursday, hitting $216.65. 92,143 shares of the stock were exchanged, compared to its average volume of 717,565. Paycom Software, Inc. has a 12-month low of $139.50 and a 12-month high of $242.74. The company has a market cap of $12.53 billion, a PE ratio of 24.31, a P/E/G ratio of 2.40 and a beta of 0.97. The company has a fifty day moving average price of $213.56 and a two-hundred day moving average price of $207.43.

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

Paycom Software Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was 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 is currently 16.85%.

Insider Activity

In other news, insider Bradley Scott Smith sold 3,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $201.01, for a total value of $603,030.00. Following the completion of the sale, the insider now directly owns 28,733 shares of the company's stock, valued at $5,775,620.33. This represents a 9.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Randall Peck sold 3,600 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $212.19, for a total transaction of $763,884.00. Following the transaction, the chief operating officer now directly owns 50,665 shares in the company, valued at approximately $10,750,606.35. The trade was a 6.63 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,100 shares of company stock valued at $1,476,024. 14.50% of the stock is currently owned by company insiders.

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.