Paycom Software, Inc. $PAYC Shares Newly Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. 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 12,820 shares of the software maker's stock, valued at approximately $2,790,000.

A number of other institutional investors also recently modified their holdings of the company. Vise Technologies Inc. acquired a new position in Paycom Software during the 3rd quarter valued at about $998,000. MGO One Seven LLC acquired a new position in shares of Paycom Software in the third quarter worth approximately $217,000. Americana Partners LLC bought a new stake in Paycom Software during the third quarter worth $320,000. Glenview Trust Co grew its holdings in Paycom Software by 1.7% during the third quarter. Glenview Trust Co now owns 9,600 shares of the software maker's stock worth $2,089,000 after buying an additional 158 shares in the last quarter. Finally, Parcion Private Wealth LLC bought a new stake in Paycom Software during the third quarter worth $272,000. Institutional investors own 87.77% of the company's stock.

Paycom Software Stock Performance

NYSE:PAYC traded down $1.32 during trading on Monday, reaching $236.00. The company's stock had a trading volume of 1,160,502 shares, compared to its average volume of 1,162,632. The firm has a market cap of $10.63 billion, a price-to-earnings ratio of 22.61, a price-to-earnings-growth ratio of 1.26 and a beta of 0.75. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a 50 day moving average of $238.29 and a 200-day moving average of $166.73. Paycom Software, Inc. has a 12 month low of $104.90 and a 12 month high of $275.22.

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

Paycom Software Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 7th. Stockholders of record on Monday, November 23rd will be paid a dividend of $0.3750 per share. The ex-dividend date is Monday, November 23rd. This represents a $1.50 annualized dividend and a dividend yield of 0.6%. Paycom Software's dividend payout ratio is presently 14.37%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PAYC shares. Stifel Nicolaus upped their price target on Paycom Software from $120.00 to $200.00 and gave the stock a "hold" rating in a report on Thursday, August 6th. Cantor Fitzgerald lifted their target price on shares of Paycom Software from $195.00 to $285.00 and gave the stock a "neutral" rating in a research report on Friday, October 30th. Wall Street Zen upgraded Paycom Software from a "hold" rating to a "buy" rating in a research note on Saturday. UBS Group boosted their target price on Paycom Software from $205.00 to $285.00 and gave the stock a "buy" rating in a research note on Tuesday, September 1st. Finally, Jefferies Financial Group boosted their target price on Paycom Software from $160.00 to $300.00 and gave the stock a "hold" rating in a research note on Tuesday, October 27th. Four research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $255.36.

Insider Buying and Selling at Paycom Software

In other news, insider Shane Hadlock sold 2,577 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $237.60, for a total transaction of $612,295.20. Following the completion of the transaction, the insider owned 70,152 shares in the company, valued at approximately $16,668,115.20. This represents a 3.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 13.20% of the company's stock.

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.