Paycom Software, Inc. (NYSE:PAYC) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 20.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 296,763 shares of the software maker's stock after purchasing an additional 49,422 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.51% of Paycom Software worth $60,828,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PAYC. FMR LLC raised its stake in Paycom Software by 137.8% in 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 during the last quarter. Geode Capital Management LLC boosted its stake in Paycom Software by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 1,516,768 shares of the software maker's stock worth $310,245,000 after purchasing an additional 89,848 shares in the last quarter. Northern Trust Corp grew its position in Paycom Software by 10.9% during the 4th quarter. Northern Trust Corp now owns 724,016 shares of the software maker's stock worth $148,402,000 after purchasing an additional 70,897 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Paycom Software by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 498,073 shares of the software maker's stock valued at $102,090,000 after purchasing an additional 11,611 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Paycom Software by 1,153.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 401,889 shares of the software maker's stock worth $82,375,000 after buying an additional 369,825 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company's stock.

Paycom Software Trading Down 0.6%

Shares of Paycom Software stock traded down $1.60 during trading hours on Wednesday, reaching $259.66. The stock had a trading volume of 322,614 shares, compared to its average volume of 697,559. The stock's 50 day moving average is $229.17 and its 200 day moving average is $220.07. Paycom Software, Inc. has a twelve month low of $139.50 and a twelve month high of $264.38. The firm has a market capitalization of $15.02 billion, a PE ratio of 29.18, a PEG ratio of 2.40 and a beta of 0.80.

Paycom Software (NYSE:PAYC - Get Free Report) last released 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. Paycom Software had a return on equity of 33.53% and a net margin of 26.66%. The company had revenue of $530.50 million during the quarter, compared to analysts' expectations of $522.92 million. During the same quarter in the prior year, the firm posted $2.59 EPS. Paycom Software's quarterly revenue was up 6.1% compared to the same quarter last year. As a group, sell-side analysts predict that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, May 27th will be paid a $0.375 dividend. The ex-dividend date is Tuesday, May 27th. This represents a $1.50 dividend on an annualized basis and a yield of 0.58%. Paycom Software's dividend payout ratio is currently 21.40%.

Insider Buying and Selling

In other Paycom Software news, CEO Chad R. Richison sold 120,000 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $243.52, for a total transaction of $29,222,400.00. Following the completion of the transaction, the chief executive officer now owns 3,307,249 shares of the company's stock, valued at $805,381,276.48. This represents a 3.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bradley Scott Smith sold 3,000 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $201.01, for a total value of $603,030.00. Following the completion of the transaction, the insider now owns 28,733 shares in the company, valued at approximately $5,775,620.33. This trade represents a 9.45% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 149,426 shares of company stock valued at $36,577,802. 10.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on PAYC. Stifel Nicolaus upped their target price on Paycom Software from $187.00 to $215.00 and gave the company a "hold" rating in a research report on Thursday, May 8th. KeyCorp increased their price objective on Paycom Software from $245.00 to $270.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. lifted their target price on Paycom Software from $185.00 to $200.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Wall Street Zen downgraded shares of Paycom Software from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Finally, BMO Capital Markets lifted their price objective on shares of Paycom Software from $215.00 to $244.00 and gave the company a "market perform" rating in a research note on Thursday, May 8th. Eleven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Paycom Software currently has a consensus rating of "Hold" and a consensus price target of $226.90.

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.