Ilmarinen Mutual Pension Insurance Co Has $9.12 Million Position in Paycom Software, Inc. (NYSE:PAYC)

Ilmarinen Mutual Pension Insurance Co lifted its stake in Paycom Software, Inc. (NYSE:PAYC) by 50.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,000 shares of the software maker’s stock after purchasing an additional 10,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co’s holdings in Paycom Software were worth $9,120,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. bought a new stake in Paycom Software in the first quarter worth approximately $33,000. AM Squared Ltd lifted its stake in shares of Paycom Software by 475.0% in the 1st quarter. AM Squared Ltd now owns 2,300 shares of the software maker’s stock valued at $699,000 after purchasing an additional 1,900 shares during the last quarter. KB Financial Partners LLC bought a new stake in Paycom Software in the first quarter worth $28,000. Quilter Plc acquired a new position in Paycom Software during the first quarter worth $283,005,000. Finally, Colony Group LLC lifted its position in shares of Paycom Software by 1.3% in the first quarter. Colony Group LLC now owns 7,288 shares of the software maker’s stock worth $2,216,000 after buying an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 88.69% of the company’s stock.

Insider Activity at Paycom Software

In other Paycom Software news, EVP Christopher Gene Thomas sold 320 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $290.05, for a total transaction of $92,816.00. Following the sale, the executive vice president now directly owns 26,154 shares of the company’s stock, valued at $7,585,967.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Paycom Software news, EVP Christopher Gene Thomas sold 320 shares of Paycom Software stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $290.05, for a total value of $92,816.00. Following the completion of the transaction, the executive vice president now owns 26,154 shares in the company, valued at approximately $7,585,967.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jason D. Clark sold 130 shares of the stock in a transaction on Friday, September 8th. The stock was sold at an average price of $287.36, for a total value of $37,356.80. Following the sale, the director now owns 4,970 shares in the company, valued at approximately $1,428,179.20. The disclosure for this sale can be found here. 14.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Robert W. Baird dropped their price target on shares of Paycom Software from $443.00 to $427.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 2nd. Oppenheimer reaffirmed an “outperform” rating and issued a $400.00 price target on shares of Paycom Software in a research report on Wednesday, August 2nd. Barclays decreased their target price on Paycom Software from $368.00 to $350.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 2nd. William Blair began coverage on Paycom Software in a research report on Wednesday, June 28th. They issued an “outperform” rating on the stock. Finally, StockNews.com started coverage on shares of Paycom Software in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $384.53.

Paycom Software Stock Down 0.6 %

Shares of PAYC opened at $284.24 on Wednesday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.02. The company has a 50-day moving average price of $314.33 and a two-hundred day moving average price of $299.87. The stock has a market cap of $17.19 billion, a price-to-earnings ratio of 52.15, a P/E/G ratio of 1.99 and a beta of 1.42. Paycom Software, Inc. has a 12 month low of $262.11 and a 12 month high of $374.04.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings results on Tuesday, August 1st. The software maker reported $1.01 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.22). Paycom Software had a net margin of 20.28% and a return on equity of 24.93%. The company had revenue of $401.14 million during the quarter, compared to analyst estimates of $398.20 million. Equities analysts predict that Paycom Software, Inc. will post 6.1 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Monday, August 28th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Friday, August 25th. Paycom Software’s dividend payout ratio (DPR) is currently 27.52%.

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.