Marathon Asset Management Ltd Sells 25,771 Shares of Paycom Software, Inc. (NYSE:PAYC)

Marathon Asset Management Ltd decreased its stake in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 8.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 264,976 shares of the software maker's stock after selling 25,771 shares during the period. Paycom Software accounts for about 1.8% of Marathon Asset Management Ltd's holdings, making the stock its 17th largest position. Marathon Asset Management Ltd owned about 0.46% of Paycom Software worth $57,894,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Glass Jacobson Investment Advisors llc boosted its holdings in Paycom Software by 746.7% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 127 shares of the software maker's stock valued at $26,000 after acquiring an additional 112 shares during the period. Murphy & Mullick Capital Management Corp acquired a new position in shares of Paycom Software during the 4th quarter worth about $30,000. Golden State Wealth Management LLC boosted its stake in Paycom Software by 112.3% during the 1st quarter. Golden State Wealth Management LLC now owns 138 shares of the software maker's stock valued at $30,000 after purchasing an additional 73 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in Paycom Software by 135.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the software maker's stock valued at $33,000 after purchasing an additional 87 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new stake in Paycom Software in the 1st quarter valued at approximately $35,000. 87.77% of the stock is owned by institutional investors.

Paycom Software Stock Up 1.2%

NYSE:PAYC traded up $2.67 on Tuesday, reaching $234.07. The stock had a trading volume of 913,135 shares, compared to its average volume of 663,924. The company has a market capitalization of $13.54 billion, a P/E ratio of 33.39, a price-to-earnings-growth ratio of 2.50 and a beta of 0.81. Paycom Software, Inc. has a 1-year low of $139.50 and a 1-year high of $267.76. The stock has a fifty day moving average price of $244.58 and a 200-day moving average price of $222.65.

Paycom Software (NYSE:PAYC - Get Free Report) last announced its earnings results on Wednesday, May 7th. The software maker reported $2.80 EPS for the quarter, topping the consensus estimate of $2.62 by $0.18. The business had revenue of $530.50 million for the quarter, compared to the consensus estimate of $522.92 million. Paycom Software had a return on equity of 25.53% and a net margin of 20.60%. Paycom Software's revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.59 EPS. Sell-side analysts predict 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, June 9th. Investors of record on Tuesday, May 27th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend was Tuesday, May 27th. Paycom Software's dividend payout ratio (DPR) is presently 21.40%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. KeyCorp raised their price target on shares of Paycom Software from $245.00 to $270.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Needham & Company LLC reissued a "hold" rating on shares of Paycom Software in a research report on Thursday, May 8th. Barclays boosted their price target on Paycom Software from $221.00 to $240.00 and gave the company an "equal weight" rating in a research note on Thursday, May 8th. Wall Street Zen downgraded Paycom Software from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, BMO Capital Markets boosted their price objective on Paycom Software from $215.00 to $244.00 and gave the company a "market perform" rating in a research report on Thursday, May 8th. Eleven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $226.90.

Insiders Place Their Bets

In other news, COO Randall Peck sold 890 shares of Paycom Software stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $263.21, for a total value of $234,256.90. Following the completion of the sale, the chief operating officer directly owned 49,394 shares of the company's stock, valued at approximately $13,000,994.74. This trade represents a 1.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Chad R. Richison sold 120,000 shares of the company's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $243.52, for a total value of $29,222,400.00. Following the transaction, the chief executive officer directly owned 3,307,249 shares in the company, valued at $805,381,276.48. This trade represents a 3.50% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 172,016 shares of company stock valued at $42,736,608. 10.90% of the stock is currently owned by corporate 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.