APG Asset Management N.V. Acquires 23,092 Shares of Paycom Software, Inc. (NYSE:PAYC)

APG Asset Management N.V. boosted its holdings in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 523.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,500 shares of the software maker's stock after buying an additional 23,092 shares during the quarter. APG Asset Management N.V.'s holdings in Paycom Software were worth $5,443,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in PAYC. FMR LLC lifted its holdings in Paycom Software by 137.8% in the 4th quarter. FMR LLC now owns 2,396,452 shares of the software maker's stock worth $491,201,000 after purchasing an additional 1,388,533 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Paycom Software by 6.3% in the fourth quarter. Geode Capital Management LLC now owns 1,516,768 shares of the software maker's stock worth $310,245,000 after buying an additional 89,848 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Paycom Software by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 498,073 shares of the software maker's stock worth $102,090,000 after buying an additional 11,611 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Paycom Software by 1,153.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 401,889 shares of the software maker's stock valued at $82,375,000 after buying an additional 369,825 shares during the last quarter. Finally, Boston Trust Walden Corp increased its stake in shares of Paycom Software by 3.3% in the fourth quarter. Boston Trust Walden Corp now owns 359,695 shares of the software maker's stock worth $73,727,000 after purchasing an additional 11,595 shares during the period. Institutional investors and hedge funds own 87.77% of the company's stock.

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Insider Transactions at Paycom Software

In related news, insider Bradley Scott Smith sold 3,000 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $201.01, for a total transaction of $603,030.00. Following the completion of the sale, the insider now owns 28,733 shares of the company's stock, valued at $5,775,620.33. This represents a 9.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Randall Peck sold 3,600 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $212.19, for a total transaction of $763,884.00. Following the completion of the transaction, the chief operating officer now directly owns 50,665 shares in the company, valued at approximately $10,750,606.35. This represents a 6.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,100 shares of company stock valued at $1,476,024. 14.50% of the stock is currently owned by company insiders.

Paycom Software Stock Up 0.6 %

Shares of NYSE PAYC traded up $1.31 during mid-day trading on Tuesday, reaching $219.58. 452,999 shares of the company were exchanged, compared to its average volume of 721,707. Paycom Software, Inc. has a twelve month low of $139.50 and a twelve month high of $242.74. The stock has a market capitalization of $12.70 billion, a P/E ratio of 24.67, a P/E/G ratio of 2.40 and a beta of 0.97. The company's 50-day simple moving average is $212.94 and its 200-day simple moving average is $207.28.

Paycom Software (NYSE:PAYC - Get Free Report) last announced its earnings results on Wednesday, February 12th. The software maker reported $2.02 earnings per share for the quarter, topping analysts' consensus estimates of $1.99 by $0.03. Paycom Software had a return on equity of 33.53% and a net margin of 26.66%. As a group, equities research analysts expect 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, March 24th. Shareholders of record on Monday, March 10th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Monday, March 10th. Paycom Software's dividend payout ratio is currently 16.85%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Piper Sandler upped their price target on Paycom Software from $191.00 to $224.00 and gave the company a "neutral" rating in a report on Friday, February 14th. StockNews.com cut shares of Paycom Software from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. JPMorgan Chase & Co. upped their target price on shares of Paycom Software from $185.00 to $200.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. KeyCorp upgraded Paycom Software from a "sector weight" rating to an "overweight" rating and set a $245.00 price target on the stock in a report on Monday, March 10th. Finally, Citigroup dropped their target price on Paycom Software from $234.00 to $221.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Twelve analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $212.80.

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.