Paycom Software, Inc. (NYSE:PAYC) Stock Holdings Lifted by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its position in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 5.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,430 shares of the software maker's stock after acquiring an additional 1,190 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Paycom Software were worth $4,682,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Sylebra Capital LLC raised its stake in Paycom Software by 63.8% during the 4th quarter. Sylebra Capital LLC now owns 3,215,085 shares of the software maker's stock valued at $658,996,000 after purchasing an additional 1,252,617 shares during the period. FMR LLC grew its holdings in shares of Paycom Software by 137.8% during the fourth quarter. FMR LLC now owns 2,396,452 shares of the software maker's stock valued at $491,201,000 after buying an additional 1,388,533 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Paycom Software by 6.3% during the fourth quarter. Geode Capital Management LLC now owns 1,516,768 shares of the software maker's stock valued at $310,245,000 after buying an additional 89,848 shares in the last quarter. Northern Trust Corp raised its position in Paycom Software by 10.9% during the fourth quarter. Northern Trust Corp now owns 724,016 shares of the software maker's stock valued at $148,402,000 after buying an additional 70,897 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Paycom Software by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 498,073 shares of the software maker's stock worth $102,090,000 after acquiring an additional 11,611 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company's stock.

Paycom Software Stock Up 0.7%

Shares of PAYC opened at $227.03 on Friday. The firm has a market cap of $13.13 billion, a price-to-earnings ratio of 32.39, a price-to-earnings-growth ratio of 2.50 and a beta of 0.81. The company's fifty day moving average is $244.08 and its 200-day moving average is $222.79. Paycom Software, Inc. has a 12 month low of $139.50 and a 12 month high of $267.76.

Paycom Software (NYSE:PAYC - Get Free Report) last posted 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. Paycom Software had a net margin of 20.60% and a return on equity of 25.53%. The firm had revenue of $530.50 million for the quarter, compared to the consensus estimate of $522.92 million. During the same period in the prior year, the business posted $2.59 earnings per share. The business's quarterly revenue was up 6.1% on a year-over-year basis. As a group, research analysts predict that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Needham & Company LLC reaffirmed a "hold" rating on shares of Paycom Software in a research note on Thursday, May 8th. BMO Capital Markets raised their price target on shares of Paycom Software from $215.00 to $244.00 and gave the stock a "market perform" rating in a report on Thursday, May 8th. Stifel Nicolaus boosted their price objective on shares of Paycom Software from $187.00 to $215.00 and gave the company a "hold" rating in a research report on Thursday, May 8th. Barclays upped their price objective on shares of Paycom Software from $221.00 to $240.00 and gave the company an "equal weight" rating in a research note on Thursday, May 8th. Finally, KeyCorp increased their target price 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. Eleven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $226.90.

Insiders Place Their Bets

In related news, insider Bradley Scott Smith sold 1,500 shares of the business's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $249.96, for a total transaction of $374,940.00. Following the completion of the transaction, the insider now owns 27,233 shares of the company's stock, valued at approximately $6,807,160.68. The trade was a 5.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Chad R. Richison sold 120,000 shares of the stock in a transaction that occurred 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 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 disclosure for this sale can be found here. Insiders sold 172,016 shares of company stock valued at $42,736,608 over the last 90 days. 10.90% of the stock is currently owned by company 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.

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