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

Marathon Asset Management Ltd lessened its stake in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 8.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 264,976 shares of the software maker's stock after selling 25,771 shares during the quarter. Paycom Software comprises approximately 1.8% of Marathon Asset Management Ltd's investment portfolio, making the stock its 17th biggest holding. Marathon Asset Management Ltd owned approximately 0.46% of Paycom Software worth $57,894,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Private Trust Co. NA lifted its stake in shares of Paycom Software by 9.3% during the fourth 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. lifted its position in Paycom Software by 1.8% during the 4th quarter. Oppenheimer & Co. Inc. now owns 2,939 shares of the software maker's stock valued at $602,000 after purchasing an additional 51 shares during the period. Salvus Wealth Management LLC lifted its position in Paycom Software by 4.9% during the 1st quarter. Salvus Wealth Management LLC now owns 1,238 shares of the software maker's stock valued at $270,000 after purchasing an additional 58 shares during the period. Benjamin Edwards Inc. boosted its stake in shares of Paycom Software by 1.1% in the 4th quarter. Benjamin Edwards Inc. now owns 5,502 shares of the software maker's stock valued at $1,128,000 after purchasing an additional 60 shares during the last quarter. Finally, Fourpath Capital Management LLC grew its position in shares of Paycom Software by 1.9% during the 1st quarter. Fourpath Capital Management LLC now owns 3,798 shares of the software maker's stock worth $830,000 after buying an additional 69 shares during the period. 87.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Paycom Software Stock Up 0.7%

Paycom Software stock traded up $1.57 during mid-day trading on Friday, hitting $227.03. 590,047 shares of the company's stock were exchanged, compared to its average volume of 664,487. The company's 50 day simple moving average is $244.08 and its 200-day simple moving average is $222.79. The firm has a market capitalization of $13.13 billion, a P/E ratio of 32.39, a PEG ratio of 2.48 and a beta of 0.81. Paycom Software, Inc. has a fifty-two week low of $139.50 and a fifty-two week high of $267.76.

Paycom Software (NYSE:PAYC - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The software maker reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.62 by $0.18. Paycom Software had a return on equity of 25.53% and a net margin of 20.60%. The company had revenue of $530.50 million during the quarter, compared to the consensus estimate of $522.92 million. During the same period in the prior year, the company earned $2.59 earnings per share. The company's revenue for the quarter was up 6.1% compared to the same quarter last year. Research analysts expect that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Tuesday, May 27th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend was Tuesday, May 27th. Paycom Software's payout ratio is currently 21.40%.

Insider Buying and Selling at Paycom Software

In related news, CEO Chad R. Richison sold 120,000 shares of the business'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 sale, the chief executive officer now directly owns 3,307,249 shares of the company's stock, valued at approximately $805,381,276.48. The trade was a 3.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Bradley Scott Smith sold 1,500 shares of Paycom Software stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $249.96, for a total value of $374,940.00. Following the completion of the sale, the insider now directly owns 27,233 shares in the company, valued at $6,807,160.68. This represents a 5.22% decrease in their position. The disclosure for this sale can be found here. Over 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 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.