Caxton Associates LP Makes New $216,000 Investment in Paycom Software, Inc. (NYSE:PAYC)

Caxton Associates LP bought a new stake in shares of Paycom Software, Inc. (NYSE:PAYC) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,512 shares of the software maker’s stock, valued at approximately $216,000.

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

Insiders Place Their Bets

In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $170.41, for a total value of $332,299.50. Following the completion of the transaction, the chief executive officer now directly owns 2,801,160 shares in the company, valued at $477,345,675.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $170.41, for a total value of $332,299.50. Following the transaction, the chief executive officer now directly owns 2,801,160 shares in the company, valued at $477,345,675.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bradley Scott Smith sold 1,524 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $157.62, for a total value of $240,212.88. Following the completion of the transaction, the insider now directly owns 14,769 shares of the company’s stock, valued at approximately $2,327,889.78. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,856 shares of company stock worth $11,697,103. Company insiders own 14.50% of the company’s stock.

Paycom Software Price Performance

Shares of PAYC stock opened at $167.70 on Friday. The company has a market cap of $9.75 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 2.44 and a beta of 1.17. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $279.96. The firm has a fifty day moving average price of $163.07 and a 200-day moving average price of $168.07.

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Wednesday, July 31st. The software maker reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.07. The business had revenue of $437.51 million during 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 research analysts expect that Paycom Software, Inc. will post 6.67 EPS for the current year.

Paycom Software Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Monday, August 26th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend was Monday, August 26th. Paycom Software’s dividend payout ratio is 18.27%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PAYC. StockNews.com downgraded Paycom Software from a “buy” rating to a “hold” rating in a research note on Monday, July 15th. Jefferies Financial Group dropped their price objective on Paycom Software from $170.00 to $145.00 and set a “hold” rating on the stock in a research report on Monday, June 24th. Citigroup decreased their target price on Paycom Software from $193.00 to $162.00 and set a “neutral” rating for the company in a research report on Tuesday, June 18th. Needham & Company LLC restated a “hold” rating on shares of Paycom Software in a research note on Thursday, August 1st. Finally, Barclays increased their price objective on shares of Paycom Software from $161.00 to $167.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. Seventeen analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, Paycom Software currently has a consensus rating of “Hold” and a consensus target price of $179.75.

Paycom Software 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.