Paycom Software, Inc. $PAYC Shares Purchased by Amiral Gestion

Amiral Gestion grew its holdings in Paycom Software, Inc. (NYSE:PAYC) by 192.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 81,766 shares of the software maker’s stock after buying an additional 53,787 shares during the quarter. Paycom Software makes up 6.2% of Amiral Gestion’s portfolio, making the stock its 6th largest position. Amiral Gestion owned 0.14% of Paycom Software worth $17,019,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. CYBER HORNET ETFs LLC acquired a new stake in shares of Paycom Software during the second quarter worth about $29,000. MUFG Securities EMEA plc bought a new stake in Paycom Software during the second quarter worth $33,000. Assetmark Inc. grew its holdings in Paycom Software by 651.9% during the second quarter. Assetmark Inc. now owns 203 shares of the software maker’s stock worth $47,000 after purchasing an additional 176 shares during the period. Brooklyn Investment Group increased its holdings in shares of Paycom Software by 19.4% in the first quarter. Brooklyn Investment Group now owns 240 shares of the software maker’s stock valued at $52,000 after purchasing an additional 39 shares during the last quarter. Finally, Employees Retirement System of Texas bought a new position in Paycom Software in the 2nd quarter valued at about $55,000. Institutional investors own 87.77% of the company’s stock.

Insider Buying and Selling at Paycom Software

In other news, CFO Robert D. Foster sold 1,300 shares of Paycom Software stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $162.66, for a total value of $211,458.00. Following the completion of the sale, the chief financial officer owned 14,747 shares in the company, valued at $2,398,747.02. The trade was a 8.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 10.90% of the stock is owned by corporate insiders.

Paycom Software Stock Down 1.7%

Shares of NYSE PAYC opened at $164.07 on Friday. The company has a market capitalization of $9.23 billion, a PE ratio of 20.41, a P/E/G ratio of 1.81 and a beta of 0.84. The firm has a fifty day simple moving average of $175.93 and a 200 day simple moving average of $209.91. Paycom Software, Inc. has a twelve month low of $156.50 and a twelve month high of $267.76.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings data on Wednesday, November 5th. The software maker reported $1.94 earnings per share 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 business had revenue of $493.30 million during the quarter, compared to the consensus estimate of $492.62 million. During the same period last year, the business posted $1.67 earnings per share. The business’s revenue was up 9.2% on a year-over-year basis. As a group, equities analysts expect that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, November 24th were given a dividend of $0.375 per share. 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 (DPR) is 18.66%.

Wall Street Analyst Weigh In

PAYC has been the topic of a number of analyst reports. Jefferies Financial Group reduced their price target on Paycom Software from $225.00 to $190.00 and set a “hold” rating on the stock in a research report on Thursday, November 6th. Barclays reduced their price objective on Paycom Software from $225.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 6th. Guggenheim initiated coverage on shares of Paycom Software in a report on Friday, September 26th. They set a “buy” rating and a $270.00 target price on the stock. BTIG Research initiated coverage on shares of Paycom Software in a research note on Wednesday. They set a “buy” rating and a $195.00 price target for the company. Finally, Zacks Research upgraded shares of Paycom Software from a “strong sell” rating to a “hold” rating in a report on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, Paycom Software presently has an average rating of “Hold” and an average target price of $223.57.

Paycom Software 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.