Mutual of America Capital Management LLC Buys 111 Shares of Paycom Software, Inc. $PAYC

Mutual of America Capital Management LLC increased its stake in Paycom Software, Inc. (NYSE:PAYC) by 2.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,589 shares of the software maker’s stock after acquiring an additional 111 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Paycom Software were worth $1,293,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of PAYC. Baillie Gifford & Co. increased its stake in shares of 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 valued at $346,180,000 after acquiring an additional 1,505,990 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in Paycom Software in the 1st quarter valued at $114,440,000. Nuveen LLC acquired a new stake in Paycom Software in the 1st quarter valued at $26,177,000. Robeco Institutional Asset Management B.V. grew its position in Paycom Software by 322.7% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 122,394 shares of the software maker’s stock valued at $28,322,000 after purchasing an additional 93,440 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its position in Paycom Software by 30.7% in the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 363,949 shares of the software maker’s stock valued at $79,516,000 after purchasing an additional 85,526 shares during the period. Institutional investors own 87.77% of the company’s stock.

Insiders Place Their Bets

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

Paycom Software Trading Down 0.3%

Shares of Paycom Software stock opened at $199.56 on Monday. The company has a market cap of $11.55 billion, a price-to-earnings ratio of 27.00, a PEG ratio of 2.21 and a beta of 0.82. Paycom Software, Inc. has a 12-month low of $163.75 and a 12-month high of $267.76. The company’s 50-day moving average price is $214.69 and its 200-day moving average price is $228.49.

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

Paycom Software Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 8th. Investors of record on Monday, August 25th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Monday, August 25th. Paycom Software’s dividend payout ratio (DPR) is currently 20.30%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Cantor Fitzgerald raised shares of Paycom Software to a “hold” rating in a research report on Thursday, September 11th. Jefferies Financial Group cut their price objective on shares of Paycom Software from $250.00 to $225.00 and set a “hold” rating on the stock in a report on Monday, October 13th. BMO Capital Markets lifted their price objective on shares of Paycom Software from $244.00 to $258.00 and gave the stock a “market perform” rating in a report on Thursday, August 7th. Zacks Research downgraded shares of Paycom Software from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 22nd. Finally, TD Cowen raised Paycom Software from a “hold” rating to a “buy” rating and raised their target price for the stock from $246.00 to $258.00 in a research report on Monday, September 22nd. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $243.69.

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.