Paycom Software, Inc. (NYSE:PAYC) Stake Lifted by Axa S.A.

Axa S.A. increased its position in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 474.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,409 shares of the software maker's stock after purchasing an additional 38,330 shares during the period. Axa S.A. owned 0.08% of Paycom Software worth $9,512,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in PAYC. Parvin Asset Management LLC acquired a new stake in shares of Paycom Software in the fourth quarter valued at $61,000. Utah Retirement Systems lifted its holdings in Paycom Software by 1.2% in the 4th quarter. Utah Retirement Systems now owns 8,526 shares of the software maker's stock valued at $1,748,000 after acquiring an additional 100 shares during the last quarter. Lido Advisors LLC bought a new position in shares of Paycom Software during the 4th quarter valued at about $211,000. Northern Trust Corp grew its stake in shares of Paycom Software by 10.9% in 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. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Paycom Software by 1.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 39,917 shares of the software maker's stock worth $8,182,000 after purchasing an additional 411 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Paycom Software Stock Up 0.1 %

Paycom Software stock opened at $227.61 on Tuesday. Paycom Software, Inc. has a 12 month low of $139.50 and a 12 month high of $242.74. The stock has a market cap of $13.17 billion, a P/E ratio of 25.57, a P/E/G ratio of 2.40 and a beta of 0.80. The company's fifty day simple moving average is $216.12 and its 200-day simple moving average is $213.25.

Paycom Software (NYSE:PAYC - Get Free Report) last issued its earnings results on Wednesday, February 12th. The software maker reported $2.02 EPS for the quarter, beating analysts' consensus estimates of $1.99 by $0.03. Paycom Software had a return on equity of 33.53% and a net margin of 26.66%. On average, equities research analysts expect that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, May 27th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.66%. Paycom Software's payout ratio is presently 16.85%.

Insider Buying and Selling at Paycom Software

In other news, insider Bradley Scott Smith sold 3,000 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $201.01, for a total transaction of $603,030.00. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director J C. Watts, Jr. sold 500 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $218.22, for a total transaction of $109,110.00. Following the completion of the sale, the director now owns 7,730 shares of the company's stock, valued at $1,686,840.60. This represents a 6.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,100 shares of company stock worth $1,476,024 over the last ninety days. 10.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on PAYC shares. Needham & Company LLC restated a "hold" rating on shares of Paycom Software in a research report on Thursday, February 13th. 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. Barclays cut their target price on Paycom Software from $229.00 to $221.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 23rd. StockNews.com lowered Paycom Software from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, Piper Sandler boosted their price objective on Paycom Software from $191.00 to $224.00 and gave the stock a "neutral" rating in a report on Friday, February 14th. Eleven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $212.80.

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.

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