Paycom Software, Inc. (NYSE:PAYC) Shares Sold by Tredje AP fonden

Tredje AP fonden trimmed its holdings in Paycom Software, Inc. (NYSE:PAYC) by 1.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,463 shares of the software maker’s stock after selling 133 shares during the period. Tredje AP fonden’s holdings in Paycom Software were worth $1,211,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Empirical Finance LLC raised its holdings in Paycom Software by 3.9% in the first quarter. Empirical Finance LLC now owns 1,580 shares of the software maker’s stock valued at $314,000 after acquiring an additional 60 shares in the last quarter. Optas LLC raised its stake in shares of Paycom Software by 6.1% in the 1st quarter. Optas LLC now owns 1,059 shares of the software maker’s stock valued at $211,000 after purchasing an additional 61 shares in the last quarter. Wahed Invest LLC raised its stake in shares of Paycom Software by 7.9% in the 4th quarter. Wahed Invest LLC now owns 877 shares of the software maker’s stock valued at $181,000 after purchasing an additional 64 shares in the last quarter. Andina Capital Management LLC lifted its position in shares of Paycom Software by 4.5% during the second quarter. Andina Capital Management LLC now owns 1,588 shares of the software maker’s stock worth $227,000 after purchasing an additional 68 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Paycom Software by 1.7% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,624 shares of the software maker’s stock worth $661,000 after purchasing an additional 79 shares in the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Paycom Software Price Performance

PAYC opened at $170.24 on Friday. The stock’s 50 day moving average price is $162.09 and its 200 day moving average price is $168.28. The stock has a market cap of $9.78 billion, a P/E ratio of 20.74, a P/E/G ratio of 2.39 and a beta of 1.17. Paycom Software, Inc. has a 12 month low of $139.50 and a 12 month high of $279.96.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Wednesday, July 31st. The software maker reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.07. The company had revenue of $437.51 million for the quarter, compared to analyst estimates of $436.19 million. Paycom Software had a return on equity of 33.36% and a net margin of 26.55%. Equities analysts anticipate that Paycom Software, Inc. will post 6.67 EPS for the current year.

Paycom Software Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Monday, August 26th were given a dividend of $0.375 per share. The ex-dividend date was Monday, August 26th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.88%. Paycom Software’s dividend payout ratio (DPR) is 18.27%.

Analyst Ratings Changes

PAYC has been the topic of a number of research analyst reports. Citigroup reduced their target price on Paycom Software from $193.00 to $162.00 and set a “neutral” rating on the stock in a report on Tuesday, June 18th. Barclays lifted their price objective on shares of Paycom Software from $161.00 to $167.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. StockNews.com cut shares of Paycom Software from a “buy” rating to a “hold” rating in a report on Monday, July 15th. Jefferies Financial Group decreased their price target on shares of Paycom Software from $170.00 to $145.00 and set a “hold” rating for the company in a report on Monday, June 24th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a research note on Thursday, August 1st. Seventeen equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Paycom Software has an average rating of “Hold” and a consensus target price of $178.33.

Insider Activity

In related news, insider Bradley Scott Smith sold 1,524 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $157.62, for a total transaction of $240,212.88. Following the sale, the insider now owns 14,769 shares of the company’s stock, valued at $2,327,889.78. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $140.46, for a total value of $273,897.00. Following the transaction, the chief executive officer now owns 3,041,258 shares of the company’s stock, valued at approximately $427,175,098.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bradley Scott Smith sold 1,524 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $157.62, for a total transaction of $240,212.88. Following the completion of the sale, the insider now owns 14,769 shares in the company, valued at $2,327,889.78. The disclosure for this sale can be found here. Insiders sold 73,856 shares of company stock worth $11,532,113 over the last three months. Corporate insiders own 14.50% of the company’s stock.

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.