V Square Quantitative Management LLC Grows Holdings in Paycom Software, Inc. (NYSE:PAYC)

V Square Quantitative Management LLC increased its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 70.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,062 shares of the software maker’s stock after purchasing an additional 438 shares during the period. V Square Quantitative Management LLC’s holdings in Paycom Software were worth $220,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Rhumbline Advisers boosted its holdings in Paycom Software by 0.8% in the 3rd quarter. Rhumbline Advisers now owns 100,721 shares of the software maker’s stock valued at $26,114,000 after purchasing an additional 755 shares in the last quarter. Aviva PLC grew its holdings in Paycom Software by 266.0% during the third quarter. Aviva PLC now owns 7,158 shares of the software maker’s stock worth $1,856,000 after acquiring an additional 5,202 shares during the period. Kestra Advisory Services LLC raised its position in Paycom Software by 2.8% in the third quarter. Kestra Advisory Services LLC now owns 15,983 shares of the software maker’s stock worth $4,144,000 after acquiring an additional 434 shares in the last quarter. Rafferty Asset Management LLC lifted its holdings in Paycom Software by 5.4% in the third quarter. Rafferty Asset Management LLC now owns 5,992 shares of the software maker’s stock valued at $1,554,000 after acquiring an additional 308 shares during the period. Finally, QRG Capital Management Inc. purchased a new stake in shares of Paycom Software during the 3rd quarter worth $474,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Paycom Software Stock Up 0.1 %

PAYC stock opened at $142.89 on Tuesday. The stock has a market capitalization of $8.30 billion, a price-to-earnings ratio of 17.40, a price-to-earnings-growth ratio of 2.20 and a beta of 1.17. Paycom Software, Inc. has a 52-week low of $140.12 and a 52-week high of $374.04. The stock’s fifty day simple moving average is $172.66 and its 200-day simple moving average is $186.20.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Wednesday, May 1st. The software maker reported $4.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $2.29. The firm had revenue of $499.88 million for the quarter, compared to analyst estimates of $495.89 million. Paycom Software had a return on equity of 32.84% and a net margin of 26.91%. As a group, analysts anticipate that Paycom Software, Inc. will post 6.26 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 10th. Investors of record on Tuesday, May 28th were issued a $0.375 dividend. The ex-dividend date of this dividend was Friday, May 24th. This represents a $1.50 dividend on an annualized basis and a yield of 1.05%. Paycom Software’s payout ratio is 18.27%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on PAYC shares. Mizuho cut their price target on shares of Paycom Software from $185.00 to $170.00 and set a “neutral” rating for the company in a report on Monday, May 6th. BMO Capital Markets reduced their price target on shares of Paycom Software from $200.00 to $190.00 and set a “market perform” rating for the company in a research report on Thursday, May 2nd. Barclays lowered their price target on Paycom Software from $193.00 to $184.00 and set an “equal weight” rating on the stock in a report on Thursday, May 2nd. Citigroup dropped their price objective on Paycom Software from $196.00 to $193.00 and set a “neutral” rating for the company in a research note on Thursday, May 2nd. Finally, StockNews.com upgraded Paycom Software from a “hold” rating to a “buy” rating in a research report on Tuesday, May 28th. Sixteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Paycom Software currently has an average rating of “Hold” and an average target price of $246.31.

Insider Buying and Selling

In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction on Friday, May 17th. The shares were sold at an average price of $180.82, for a total value of $352,599.00. Following the transaction, the chief executive officer now owns 3,091,958 shares in the company, valued at approximately $559,087,845.56. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $180.82, for a total transaction of $352,599.00. Following the completion of the sale, the chief executive officer now directly owns 3,091,958 shares in the company, valued at $559,087,845.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Amy Vickroy sold 1,381 shares of Paycom Software stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $143.39, for a total value of $198,021.59. Following the completion of the transaction, the executive vice president now directly owns 19,962 shares in the company, valued at $2,862,351.18. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,787 shares of company stock valued at $3,430,426. Insiders own 12.60% of the company’s stock.

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.