Paycom Software, Inc. $PAYC Shares Newly Acquired by Associated Banc Corp

Associated Banc Corp purchased a new stake in Paycom Software, Inc. (NYSE:PAYC - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 51,737 shares of the software maker's stock, valued at approximately $11,261,000. Associated Banc Corp owned 0.11% of Paycom Software as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Childress Capital Advisors LLC grew its stake in shares of Paycom Software by 1.4% during the 3rd quarter. Childress Capital Advisors LLC now owns 2,951 shares of the software maker's stock worth $642,000 after acquiring an additional 42 shares in the last quarter. Archford Capital Strategies LLC grew its stake in shares of Paycom Software by 1.1% during the 2nd quarter. Archford Capital Strategies LLC now owns 4,684 shares of the software maker's stock worth $589,000 after acquiring an additional 49 shares in the last quarter. CX Institutional grew its stake in shares of Paycom Software by 4.7% during the 3rd quarter. CX Institutional now owns 1,399 shares of the software maker's stock worth $304,000 after acquiring an additional 63 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Paycom Software by 2.6% during the 3rd quarter. Versant Capital Management Inc now owns 2,689 shares of the software maker's stock worth $585,000 after acquiring an additional 69 shares in the last quarter. Finally, Signaturefd LLC grew its stake in shares of Paycom Software by 3.4% during the 3rd quarter. Signaturefd LLC now owns 2,547 shares of the software maker's stock worth $554,000 after acquiring an additional 83 shares in the last quarter. Institutional investors own 87.77% of the company's stock.

Paycom Software Stock Performance

Shares of PAYC traded down $1.32 during midday trading on Monday, reaching $236.00. 1,160,502 shares of the stock were exchanged, compared to its average volume of 1,162,632. Paycom Software, Inc. has a twelve month low of $104.90 and a twelve month high of $275.22. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06. The company has a market cap of $10.63 billion, a P/E ratio of 22.61, a PEG ratio of 1.26 and a beta of 0.75. The stock's 50 day simple moving average is $238.29 and its 200 day simple moving average is $166.73.

Paycom Software (NYSE:PAYC - Get Free Report) last issued its quarterly earnings results on Wednesday, November 4th. The software maker reported $3.37 EPS for the quarter, topping analysts' consensus estimates of $2.81 by $0.56. Paycom Software had a return on equity of 52.12% and a net margin of 23.28%. The company had revenue of $543.80 million for the quarter, compared to analysts' expectations of $535.26 million. During the same quarter last year, the business earned $1.94 earnings per share. Paycom Software's revenue was up 10.2% on a year-over-year basis. On average, sell-side analysts expect that Paycom Software, Inc. will post 10.92 earnings per share for the current year.

Paycom Software Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 7th. Investors of record on Monday, November 23rd will be given a $0.3750 dividend. The ex-dividend date is Monday, November 23rd. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.6%. Paycom Software's dividend payout ratio (DPR) is presently 14.37%.

Insider Activity at Paycom Software

In related news, insider Shane Hadlock sold 2,577 shares of the firm's stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $237.60, for a total value of $612,295.20. Following the transaction, the insider owned 70,152 shares in the company, valued at approximately $16,668,115.20. This trade represents a 3.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 13.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on PAYC shares. Jefferies Financial Group raised their target price on shares of Paycom Software from $160.00 to $300.00 and gave the company a "hold" rating in a research note on Tuesday, October 27th. Guggenheim raised their target price on shares of Paycom Software from $225.00 to $300.00 and gave the company a "buy" rating in a research note on Friday, October 23rd. Wall Street Zen raised shares of Paycom Software from a "hold" rating to a "buy" rating in a research note on Saturday. KeyCorp raised their target price on shares of Paycom Software from $295.00 to $297.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, BMO Capital Markets raised their price target on Paycom Software from $145.00 to $208.00 and gave the company a "market perform" rating in a report on Thursday, August 6th. Four research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Paycom Software currently has an average rating of "Hold" and an average target price of $255.36.

Paycom Software Profile

Paycom Software, Inc. provides cloud-based human capital management (HCM) software that helps employers manage payroll and related workforce processes through a unified platform. Its services support organizations throughout the employee life cycle, from hiring and onboarding to payroll, benefits administration, time and labor management, and talent management. The company's platform includes employee self-service tools and Beti, a feature that enables employees to review and complete their own payroll.