Asset Management One Co. Ltd. Has $5.06 Million Stock Holdings in Paycom Software, Inc. $PAYC

Asset Management One Co. Ltd. grew its holdings in Paycom Software, Inc. (NYSE:PAYC) by 2.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,864 shares of the software maker’s stock after buying an additional 434 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Paycom Software were worth $5,059,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PAYC. von Borstel & Associates Inc. acquired a new stake in shares of Paycom Software in the first quarter valued at $27,000. SouthState Corp acquired a new stake in shares of Paycom Software in the first quarter valued at $27,000. Golden State Wealth Management LLC increased its position in Paycom Software by 112.3% in the first quarter. Golden State Wealth Management LLC now owns 138 shares of the software maker’s stock worth $30,000 after purchasing an additional 73 shares during the period. S Bank Fund Management Ltd acquired a new stake in Paycom Software in the first quarter worth about $37,000. Finally, Brooklyn Investment Group increased its position in Paycom Software by 19.4% in the first quarter. Brooklyn Investment Group now owns 240 shares of the software maker’s stock worth $52,000 after purchasing an additional 39 shares during the period. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Paycom Software

In other news, insider Bradley Scott Smith sold 1,500 shares of Paycom Software stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $223.27, for a total transaction of $334,905.00. Following the transaction, the insider owned 24,533 shares in the company, valued at $5,477,482.91. The trade was a 5.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 10.90% of the stock is owned by company insiders.

Paycom Software Trading Down 0.9%

Shares of PAYC opened at $198.45 on Wednesday. Paycom Software, Inc. has a 1 year low of $165.51 and a 1 year high of $267.76. The stock has a market cap of $11.49 billion, a P/E ratio of 26.85, a price-to-earnings-growth ratio of 2.21 and a beta of 0.82. The stock’s 50-day moving average price is $213.60 and its two-hundred day moving average price is $228.28.

Paycom Software (NYSE:PAYC) last issued its earnings results on Wednesday, August 6th. The software maker reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.28. Paycom Software had a return on equity of 25.40% and a net margin of 21.22%.The firm had revenue of $483.60 million for the quarter, compared to analysts’ expectations of $472.00 million. During the same quarter last year, the business earned $1.62 earnings per share. The company’s revenue was up 10.5% compared to the same quarter last year. As a group, equities analysts forecast that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Dividend Announcement

The firm 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 0.8%. The ex-dividend date was Monday, August 25th. Paycom Software’s payout ratio is 20.30%.

Analyst Ratings Changes

PAYC has been the subject of a number of research reports. KeyCorp lifted their price objective on Paycom Software from $285.00 to $290.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. BMO Capital Markets lifted their price objective on Paycom Software from $244.00 to $258.00 and gave the stock a “market perform” rating in a research report on Thursday, August 7th. Zacks Research lowered Paycom Software from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 22nd. Cantor Fitzgerald upgraded Paycom Software to a “hold” rating in a research report on Thursday, September 11th. Finally, Barclays lowered their price objective on Paycom Software from $250.00 to $225.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 21st. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Paycom Software currently has an average rating of “Hold” and a consensus price target of $243.69.

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.