Paycom Software, Inc. (NYSE:PAYC) Shares Bought by TD Asset Management Inc

TD Asset Management Inc grew its stake in shares of Paycom Software, Inc. (NYSE:PAYCFree Report) by 7.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,322 shares of the software maker’s stock after purchasing an additional 1,561 shares during the quarter. TD Asset Management Inc’s holdings in Paycom Software were worth $4,408,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC lifted its stake in shares of Paycom Software by 16,173.6% in the fourth quarter. International Assets Investment Management LLC now owns 787,803 shares of the software maker’s stock worth $162,855,000 after acquiring an additional 782,962 shares in the last quarter. Meritage Group LP acquired a new position in shares of Paycom Software in the third quarter worth about $103,800,000. Boston Trust Walden Corp acquired a new position in shares of Paycom Software in the fourth quarter worth about $48,865,000. DSM Capital Partners LLC acquired a new position in shares of Paycom Software in the third quarter worth about $60,077,000. Finally, American Century Companies Inc. lifted its stake in shares of Paycom Software by 18.8% in the third quarter. American Century Companies Inc. now owns 1,139,511 shares of the software maker’s stock worth $295,441,000 after acquiring an additional 180,202 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Paycom Software Price Performance

PAYC opened at $145.25 on Friday. The company has a market capitalization of $8.44 billion, a price-to-earnings ratio of 17.69, a price-to-earnings-growth ratio of 2.26 and a beta of 1.17. Paycom Software, Inc. has a 1-year low of $143.40 and a 1-year high of $374.04. The business has a 50 day moving average price of $180.38 and a two-hundred day moving average price of $187.82.

Paycom Software (NYSE:PAYCGet Free Report) last released its earnings results on Wednesday, May 1st. The software maker reported $4.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $2.29. Paycom Software had a return on equity of 32.84% and a net margin of 26.91%. The firm had revenue of $499.88 million during the quarter, compared to the consensus estimate of $495.89 million. Equities analysts expect that Paycom Software, Inc. will post 6.26 EPS for the current fiscal year.

Paycom Software Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Tuesday, May 28th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Friday, May 24th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.03%. Paycom Software’s dividend payout ratio (DPR) is presently 18.27%.

Insider Activity

In other news, CEO Chad R. Richison sold 1,950 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $179.78, for a total transaction of $350,571.00. Following the completion of the sale, the chief executive officer now owns 3,090,008 shares in the company, valued at approximately $555,521,638.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders sold 11,700 shares of company stock worth $1,975,448. Insiders own 14.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on PAYC shares. Mizuho lowered their price objective on Paycom Software from $185.00 to $170.00 and set a “neutral” rating for the company in a report on Monday, May 6th. Piper Sandler boosted their price objective on Paycom Software from $185.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. BMO Capital Markets lowered their price objective on Paycom Software from $200.00 to $190.00 and set a “market perform” rating for the company in a report on Thursday, May 2nd. StockNews.com raised Paycom Software from a “hold” rating to a “buy” rating in a report on Tuesday, May 28th. Finally, Citigroup lowered their price objective on Paycom Software from $196.00 to $193.00 and set a “neutral” rating for the company in a report on Thursday, May 2nd. Sixteen analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $246.31.

View Our Latest Stock Report on Paycom Software

About Paycom Software

(Free Report)

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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Institutional Ownership by Quarter for Paycom Software (NYSE:PAYC)

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