Asset Management One Co. Ltd. Purchases 1,190 Shares of Paycom Software, Inc. (NYSE:PAYC)

Asset Management One Co. Ltd. lifted its position in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 5.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,430 shares of the software maker's stock after purchasing an additional 1,190 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Paycom Software were worth $4,682,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Glass Jacobson Investment Advisors llc lifted its stake in Paycom Software by 746.7% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 127 shares of the software maker's stock valued at $26,000 after buying an additional 112 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Paycom Software during the fourth quarter worth $30,000. MassMutual Private Wealth & Trust FSB lifted its position in Paycom Software by 135.9% in the 1st 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 in the last quarter. Opal Wealth Advisors LLC acquired a new position in Paycom Software in the 1st quarter worth $35,000. Finally, Putney Financial Group LLC bought a new position in Paycom Software during the 4th quarter worth about $39,000. Institutional investors and hedge funds own 87.77% of the company's stock.

Wall Street Analysts Forecast Growth

PAYC has been the topic of a number of research reports. BMO Capital Markets boosted their price target on Paycom Software from $215.00 to $244.00 and gave the company a "market perform" rating in a report on Thursday, May 8th. Stifel Nicolaus raised their price target on shares of Paycom Software from $187.00 to $215.00 and gave the stock a "hold" rating in a research note on Thursday, May 8th. Needham & Company LLC reiterated a "hold" rating on shares of Paycom Software in a report on Thursday, May 8th. 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 report on Thursday, May 8th. Finally, Barclays lifted their price target 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. Eleven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $226.90.

Insider Buying and Selling at Paycom Software

In related news, 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 transaction of $374,940.00. Following the completion of the sale, the insider owned 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Randall Peck sold 890 shares of the stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $263.21, for a total transaction of $234,256.90. Following the completion of the transaction, the chief operating officer directly owned 49,394 shares in the company, valued at approximately $13,000,994.74. This represents a 1.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 172,016 shares of company stock valued at $42,736,608 in the last quarter. 10.90% of the stock is currently owned by insiders.

Paycom Software Trading Down 2.4%

Shares of Paycom Software stock traded down $5.54 during trading on Wednesday, hitting $228.27. 403,783 shares of the stock were exchanged, compared to its average volume of 662,844. The company has a fifty day moving average price of $245.03 and a 200-day moving average price of $222.73. The stock has a market capitalization of $13.21 billion, a price-to-earnings ratio of 32.56, a price-to-earnings-growth ratio of 2.55 and a beta of 0.77. Paycom Software, Inc. has a 1-year low of $139.50 and a 1-year 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 for the quarter, topping analysts' consensus estimates of $2.62 by $0.18. The firm 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%. The business's revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.59 earnings per share. Equities research analysts forecast that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 9th. Investors 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 dividend payout ratio (DPR) is presently 21.40%.

About Paycom Software

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.