Robeco Institutional Asset Management B.V. Boosts Position in Paycom Software, Inc. (NYSE:PAYC)

Robeco Institutional Asset Management B.V. grew its holdings in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 129.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,954 shares of the software maker's stock after acquiring an additional 16,357 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.05% of Paycom Software worth $6,326,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Private Trust Co. NA grew its position in Paycom Software by 9.3% during the 4th quarter. Private Trust Co. NA now owns 575 shares of the software maker's stock worth $118,000 after purchasing an additional 49 shares during the period. Oppenheimer & Co. Inc. boosted its stake in shares of Paycom Software by 1.8% in the fourth quarter. Oppenheimer & Co. Inc. now owns 2,939 shares of the software maker's stock worth $602,000 after buying an additional 51 shares during the last quarter. Salvus Wealth Management LLC grew its holdings in Paycom Software by 4.9% during the first quarter. Salvus Wealth Management LLC now owns 1,238 shares of the software maker's stock worth $270,000 after acquiring an additional 58 shares during the period. Benjamin Edwards Inc. raised its position in Paycom Software by 1.1% during the fourth quarter. Benjamin Edwards Inc. now owns 5,502 shares of the software maker's stock valued at $1,128,000 after acquiring an additional 60 shares in the last quarter. Finally, Fourpath Capital Management LLC lifted its holdings in Paycom Software by 1.9% in the first quarter. Fourpath Capital Management LLC now owns 3,798 shares of the software maker's stock valued at $830,000 after acquiring an additional 69 shares during the period. Institutional investors and hedge funds own 87.77% of the company's stock.

Insider Transactions at Paycom Software

In related news, COO Randall Peck sold 890 shares of the company's 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 sale, the chief operating officer owned 49,394 shares of the company's stock, valued at approximately $13,000,994.74. This represents a 1.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bradley Scott Smith sold 1,500 shares of the firm's stock in a transaction that occurred on 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 directly owned 27,233 shares in the company, valued at $6,807,160.68. This trade represents a 5.22% 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 over the last 90 days. 10.90% of the stock is currently owned by corporate insiders.

Paycom Software Stock Performance

Shares of PAYC traded down $0.14 during mid-day trading on Tuesday, hitting $231.26. 81,747 shares of the company were exchanged, compared to its average volume of 660,688. The stock has a market cap of $13.38 billion, a price-to-earnings ratio of 33.01, a price-to-earnings-growth ratio of 2.50 and a beta of 0.81. Paycom Software, Inc. has a 1-year low of $139.50 and a 1-year high of $267.76. The company has a 50 day moving average of $244.58 and a 200-day moving average of $222.65.

Paycom Software (NYSE:PAYC - Get Free Report) last announced its earnings results on Wednesday, May 7th. The software maker reported $2.80 EPS for the quarter, beating analysts' consensus estimates of $2.62 by $0.18. The business had revenue of $530.50 million during the quarter, compared to analysts' expectations 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 prior year, the firm earned $2.59 earnings per share. Research analysts anticipate that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Tuesday, May 27th were paid a dividend of $0.375 per share. The ex-dividend date was Tuesday, May 27th. This represents a $1.50 annualized dividend and a yield of 0.65%. Paycom Software's dividend payout ratio (DPR) is presently 21.40%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Barclays raised their price objective on shares of Paycom Software from $221.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 8th. Needham & Company LLC restated a "hold" rating on shares of Paycom Software in a research report on Thursday, May 8th. Stifel Nicolaus upped their price objective on shares of Paycom Software from $187.00 to $215.00 and gave the stock a "hold" rating in a research 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 research note on Thursday, May 8th. Finally, Piper Sandler lifted their price target on Paycom Software from $224.00 to $246.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $226.90.

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.