Amiral Gestion Buys New Position in Paycom Software, Inc. $PAYC

Amiral Gestion bought a new stake in Paycom Software, Inc. (NYSE:PAYC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 27,979 shares of the software maker’s stock, valued at approximately $6,474,000. Paycom Software makes up 2.8% of Amiral Gestion’s portfolio, making the stock its 12th largest holding.

Several other hedge funds also recently made changes to their positions in PAYC. Brighton Jones LLC acquired a new position in Paycom Software during the fourth quarter worth $638,000. Nuveen LLC bought a new stake in Paycom Software during the 1st quarter worth about $26,177,000. Public Sector Pension Investment Board boosted its stake in shares of Paycom Software by 2.6% during the 1st quarter. Public Sector Pension Investment Board now owns 5,802 shares of the software maker’s stock worth $1,268,000 after buying an additional 149 shares during the last quarter. Resona Asset Management Co. Ltd. grew its holdings in shares of Paycom Software by 7.1% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 16,375 shares of the software maker’s stock valued at $3,578,000 after acquiring an additional 1,084 shares in the last quarter. Finally, Prudential PLC acquired a new stake in shares of Paycom Software in the first quarter valued at about $201,000. 87.77% of the stock is owned by institutional investors.

Paycom Software Price Performance

NYSE:PAYC opened at $166.39 on Monday. The company has a market cap of $9.36 billion, a P/E ratio of 20.69, a P/E/G ratio of 1.81 and a beta of 0.84. The firm’s fifty day moving average price is $179.04 and its two-hundred day moving average price is $211.87. Paycom Software, Inc. has a one year low of $156.50 and a one year high of $267.76.

Paycom Software (NYSE:PAYC) last announced its earnings results on Wednesday, November 5th. The software maker reported $1.94 EPS for the quarter, missing the consensus estimate of $1.96 by ($0.02). Paycom Software had a return on equity of 24.79% and a net margin of 22.65%.The company had revenue of $493.30 million for the quarter, compared to the consensus estimate of $492.62 million. During the same period in the previous year, the firm posted $1.67 EPS. The business’s quarterly revenue was up 9.2% on a year-over-year basis. As a group, equities research analysts expect that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, November 24th were given a $0.375 dividend. The ex-dividend date of this dividend was Monday, November 24th. This represents a $1.50 annualized dividend and a dividend yield of 0.9%. Paycom Software’s dividend payout ratio is presently 18.66%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Guggenheim initiated coverage on Paycom Software in a research report on Friday, September 26th. They set a “buy” rating and a $270.00 price target for the company. JPMorgan Chase & Co. cut their price objective on Paycom Software from $235.00 to $220.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. UBS Group decreased their target price on shares of Paycom Software from $285.00 to $245.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Mizuho dropped their price target on shares of Paycom Software from $220.00 to $180.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Finally, TD Cowen decreased their price objective on shares of Paycom Software from $258.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Four equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, Paycom Software presently has a consensus rating of “Hold” and a consensus target price of $225.77.

Insider Buying and Selling at Paycom Software

In related news, CFO Robert D. Foster sold 1,300 shares of Paycom Software stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $162.66, for a total transaction of $211,458.00. Following the completion of the sale, the chief financial officer directly owned 14,747 shares of the company’s stock, valued at approximately $2,398,747.02. This trade represents a 8.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 10.90% of the company’s stock.

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.