IFM Investors Pty Ltd Has $2.37 Million Stock Holdings in Paycom Software, Inc. $PAYC

IFM Investors Pty Ltd lifted its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 8.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,258 shares of the software maker’s stock after purchasing an additional 772 shares during the period. IFM Investors Pty Ltd’s holdings in Paycom Software were worth $2,374,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC acquired a new position in Paycom Software in the 4th quarter valued at about $638,000. Woodline Partners LP acquired a new position in Paycom Software in the 4th quarter valued at about $1,377,000. Putney Financial Group LLC acquired a new position in Paycom Software in the 4th quarter valued at about $39,000. Jefferies Financial Group Inc. grew its stake in Paycom Software by 70.4% in the 4th quarter. Jefferies Financial Group Inc. now owns 10,392 shares of the software maker’s stock valued at $2,130,000 after buying an additional 4,294 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Paycom Software in the 4th quarter valued at about $57,068,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Paycom Software Stock Up 1.6%

PAYC opened at $220.08 on Tuesday. Paycom Software, Inc. has a twelve month low of $158.03 and a twelve month high of $267.76. The company has a fifty day moving average of $225.64 and a 200-day moving average of $229.78. The stock has a market cap of $12.74 billion, a PE ratio of 29.78, a price-to-earnings-growth ratio of 2.38 and a beta of 0.81.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.06 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.28. Paycom Software had a net margin of 21.22% and a return on equity of 25.40%. The company had revenue of $483.60 million during the quarter, compared to analysts’ expectations of $472.00 million. During the same period in the prior year, the company posted $1.62 earnings per share. Paycom Software’s revenue for the quarter was up 10.5% compared to the same quarter last year. Sell-side analysts anticipate that Paycom Software, Inc. will post 7.15 EPS 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 given a dividend of $0.375 per share. The ex-dividend date was Monday, August 25th. This represents a $1.50 annualized dividend and a dividend yield of 0.7%. Paycom Software’s dividend payout ratio is 20.30%.

Wall Street Analyst Weigh In

PAYC has been the topic of a number of research reports. TD Cowen upgraded shares of Paycom Software from a “hold” rating to a “buy” rating and upped their price target for the company from $246.00 to $258.00 in a research note on Monday. JPMorgan Chase & Co. upped their price target on shares of Paycom Software from $215.00 to $235.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Barclays boosted their price objective on shares of Paycom Software from $240.00 to $250.00 and gave the company an “equal weight” rating in a report on Thursday, August 7th. BMO Capital Markets boosted their price objective on shares of Paycom Software from $244.00 to $258.00 and gave the company a “market perform” rating in a report on Thursday, August 7th. Finally, UBS Group cut their price objective on shares of Paycom Software from $310.00 to $285.00 and set a “buy” rating for the company in a report on Wednesday, September 17th. Three investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Paycom Software currently has a consensus rating of “Hold” and a consensus price target of $239.42.

Insider Buying and Selling at Paycom Software

In other news, insider Bradley Scott Smith sold 1,500 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $223.27, for a total transaction of $334,905.00. Following the completion of the sale, the insider directly owned 24,533 shares in the company, valued at $5,477,482.91. This represents a 5.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 10.90% of the stock is currently owned by company insiders.

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.