Mn Services Vermogensbeheer B.V. Sells 1,300 Shares of Paycom Software, Inc. $PAYC

Key Points

• Mn Services Vermogensbeheer B.V. reduced its stake in Paycom Software by 6.2%, selling 1,300 shares during the second quarter, leaving them with 19,600 shares valued at approximately $4.5 million.
• Insider Bradley Scott Smith sold 1,500 shares at an average price of $223.27, resulting in a total transaction of $334,905 and reducing his position by 5.76%.
• Paycom recently announced an annualized dividend of $1.50 per share, with a dividend yield of 0.7% and a payout ratio of 20.30%.

Mn Services Vermogensbeheer B.V. decreased its position in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 6.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 19,600 shares of the software maker's stock after selling 1,300 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Paycom Software were worth $4,535,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. SouthState Corp acquired a new position in Paycom Software during the 1st quarter worth $27,000. von Borstel & Associates Inc. acquired a new position in shares of Paycom Software during the first quarter worth approximately $27,000. Golden State Wealth Management LLC raised 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 holdings in Paycom Software by 135.9% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the software maker's stock valued at $33,000 after acquiring an additional 87 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new position in Paycom Software in the first quarter worth about $35,000. 87.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on PAYC shares. Cantor Fitzgerald raised shares of Paycom Software to a "hold" rating in a report on Thursday, September 11th. JPMorgan Chase & Co. upped their price target on shares of Paycom Software from $215.00 to $235.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Barclays raised their price target on shares of Paycom Software from $240.00 to $250.00 and gave the company an "equal weight" rating in a report on Thursday, August 7th. KeyCorp increased their price objective on shares of Paycom Software from $285.00 to $290.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Finally, UBS Group decreased their price objective on Paycom Software from $310.00 to $285.00 and set a "buy" rating for the company in a report on Wednesday. Two analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, Paycom Software has a consensus rating of "Hold" and a consensus price target of $238.58.

Paycom Software Trading Down 0.1%

NYSE PAYC traded down $0.23 during trading on Friday, hitting $216.32. 1,660,400 shares of the company traded hands, compared to its average volume of 606,669. Paycom Software, Inc. has a 12 month low of $158.03 and a 12 month high of $267.76. The company has a market capitalization of $12.52 billion, a P/E ratio of 29.27, a PEG ratio of 2.38 and a beta of 0.81. The business has a fifty day simple moving average of $225.68 and a 200 day simple moving average of $229.73.

Paycom Software (NYSE:PAYC - Get Free Report) last released its earnings results on Wednesday, August 6th. The software maker reported $2.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.78 by $0.28. Paycom Software had a return on equity of 25.40% and a net margin of 21.22%.The firm had revenue of $483.60 million during the quarter, compared to analysts' expectations of $472.00 million. During the same quarter in the prior year, the company earned $1.62 EPS. The company's revenue was up 10.5% on a year-over-year basis. Equities research analysts predict that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 8th. Shareholders of record on Monday, August 25th were paid a $0.375 dividend. The ex-dividend date of this dividend was Monday, August 25th. This represents a $1.50 annualized dividend and a yield of 0.7%. Paycom Software's dividend payout ratio (DPR) is presently 20.30%.

Insider Activity at Paycom Software

In related news, insider Bradley Scott Smith sold 1,500 shares of Paycom Software stock in a transaction on Friday, September 12th. The shares were sold at an average price of $223.27, for a total value of $334,905.00. Following the sale, the insider owned 24,533 shares of the company's stock, valued at approximately $5,477,482.91. This trade represents a 5.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 10.90% of the company's stock.

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.