Aware Super Pty Ltd as trustee of Aware Super Makes New Investment in Paycom Software, Inc. (NYSE:PAYC)

Aware Super Pty Ltd as trustee of Aware Super acquired a new position in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 95,030 shares of the software maker's stock, valued at approximately $19,478,000. Aware Super Pty Ltd as trustee of Aware Super owned 0.16% of Paycom Software as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC raised its stake in shares of Paycom Software by 137.8% in the 4th quarter. FMR LLC now owns 2,396,452 shares of the software maker's stock valued at $491,201,000 after purchasing an additional 1,388,533 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Paycom Software by 1,153.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 401,889 shares of the software maker's stock valued at $82,375,000 after buying an additional 369,825 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Paycom Software in the 4th quarter valued at approximately $63,923,000. Strategic Financial Concepts LLC acquired a new position in Paycom Software during the 4th quarter worth approximately $42,893,000. Finally, Norges Bank bought a new stake in shares of Paycom Software in the fourth quarter worth $21,510,000. 87.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PAYC has been the topic of several recent research reports. Barclays lowered their price target on shares of Paycom Software from $229.00 to $221.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 23rd. Needham & Company LLC reiterated a "hold" rating on shares of Paycom Software in a report on Thursday, February 13th. KeyCorp raised Paycom Software from a "sector weight" rating to an "overweight" rating and set a $245.00 price target on the stock in a research report on Monday, March 10th. Stifel Nicolaus cut their price objective on Paycom Software from $215.00 to $187.00 and set a "hold" rating for the company in a report on Thursday, February 13th. Finally, Citigroup dropped their price target on shares of Paycom Software from $234.00 to $221.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Twelve equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $212.80.

Insider Activity

In related news, COO Randall Peck sold 3,600 shares of the business's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $212.19, for a total value of $763,884.00. Following the completion of the transaction, the chief operating officer now owns 50,665 shares of the company's stock, valued at $10,750,606.35. The trade was a 6.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Bradley Scott Smith sold 3,000 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $201.01, for a total transaction of $603,030.00. Following the sale, the insider now owns 28,733 shares in the company, valued at $5,775,620.33. The trade was a 9.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,100 shares of company stock worth $1,476,024. Corporate insiders own 10.90% of the company's stock.

Paycom Software Trading Up 0.6 %

PAYC stock traded up $1.39 during mid-day trading on Friday, hitting $216.92. 403,689 shares of the company were exchanged, compared to its average volume of 718,771. Paycom Software, Inc. has a 1-year low of $139.50 and a 1-year high of $242.74. The business has a 50 day simple moving average of $214.08 and a 200-day simple moving average of $208.12. The stock has a market capitalization of $12.55 billion, a PE ratio of 24.37, a price-to-earnings-growth ratio of 2.40 and a beta of 0.97.

Paycom Software (NYSE:PAYC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The software maker reported $2.02 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 expect that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders 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 dividend yield of 0.69%. Paycom Software's payout ratio 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.