Amundi Has $14.01 Million Stock Position in Paycom Software, Inc. $PAYC

Amundi lessened its holdings in Paycom Software, Inc. (NYSE:PAYC) by 21.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 65,641 shares of the software maker’s stock after selling 18,149 shares during the period. Amundi owned 0.11% of Paycom Software worth $14,010,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Sylebra Capital LLC boosted its stake in shares of Paycom Software by 63.8% during the 4th quarter. Sylebra Capital LLC now owns 3,215,085 shares of the software maker’s stock worth $658,996,000 after acquiring an additional 1,252,617 shares in the last quarter. Baillie Gifford & Co. lifted its holdings in Paycom Software by 1,918.4% in the 1st quarter. Baillie Gifford & Co. now owns 1,584,493 shares of the software maker’s stock worth $346,180,000 after purchasing an additional 1,505,990 shares during the last quarter. Invesco Ltd. boosted its position in Paycom Software by 5.0% during the first quarter. Invesco Ltd. now owns 1,233,057 shares of the software maker’s stock worth $269,398,000 after purchasing an additional 58,176 shares during the period. Northern Trust Corp boosted its position in Paycom Software by 2.3% during the first quarter. Northern Trust Corp now owns 740,385 shares of the software maker’s stock worth $161,759,000 after purchasing an additional 16,369 shares during the period. Finally, Alyeska Investment Group L.P. acquired a new position in Paycom Software during the first quarter valued at approximately $114,440,000. 87.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on PAYC shares. Barclays boosted their price objective on shares of Paycom Software from $240.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 7th. KeyCorp lifted their target price on shares of Paycom Software from $285.00 to $290.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. BMO Capital Markets boosted their target price on shares of Paycom Software from $244.00 to $258.00 and gave the stock a “market perform” rating in a research report on Thursday, August 7th. Cantor Fitzgerald initiated coverage on Paycom Software in a research report on Thursday, August 14th. They issued a “neutral” rating and a $230.00 price target on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on Paycom Software from $215.00 to $235.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. One investment analyst has rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, Paycom Software presently has an average rating of “Hold” and a consensus target price of $234.36.

Paycom Software Price Performance

NYSE PAYC opened at $222.26 on Wednesday. The company’s fifty day moving average is $227.53 and its two-hundred day moving average is $229.54. Paycom Software, Inc. has a 52-week low of $158.03 and a 52-week high of $267.76. The firm has a market capitalization of $12.86 billion, a price-to-earnings ratio of 30.08, a P/E/G ratio of 2.46 and a beta of 0.81.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.06 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.28. Paycom Software had a net margin of 21.22% and a return on equity of 25.40%. The business had revenue of $483.60 million during the quarter, compared to analyst estimates of $472.00 million. During the same quarter in the prior year, the business earned $1.62 earnings per share. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. As a group, sell-side analysts expect that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 8th. Stockholders of record on Monday, August 25th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, August 25th. Paycom Software’s dividend payout ratio (DPR) is presently 20.30%.

Insider Activity

In related news, insider Bradley Scott Smith sold 1,500 shares of the company’s stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $249.96, for a total value of $374,940.00. Following the completion of the transaction, the insider directly owned 27,233 shares in the company, valued at approximately $6,807,160.68. This represents a 5.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 10.90% 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.