Aware Super Pty Ltd as trustee of Aware Super Makes New Investment in Paycom Software, Inc. (NYSE:PAYC)

Aware Super Pty Ltd as trustee of Aware Super bought a new position in Paycom Software, Inc. (NYSE:PAYC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 95,030 shares of the software maker's stock, valued at approximately $19,478,000. Aware Super Pty Ltd as trustee of Aware Super owned approximately 0.16% of Paycom Software as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PAYC. Wellington Management Group LLP boosted its stake in shares of Paycom Software by 144.6% during the 3rd quarter. Wellington Management Group LLP now owns 16,803 shares of the software maker's stock worth $2,799,000 after acquiring an additional 9,933 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Paycom Software by 1.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 14,955 shares of the software maker's stock valued at $2,491,000 after buying an additional 141 shares during the last quarter. Barclays PLC lifted its position in shares of Paycom Software by 0.6% in the 3rd quarter. Barclays PLC now owns 109,636 shares of the software maker's stock worth $18,261,000 after acquiring an additional 617 shares during the period. M&T Bank Corp boosted its stake in Paycom Software by 27.0% during the third quarter. M&T Bank Corp now owns 3,534 shares of the software maker's stock worth $589,000 after buying an additional 751 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Paycom Software by 3.3% during the third quarter. Geode Capital Management LLC now owns 1,426,920 shares of the software maker's stock valued at $237,015,000 after purchasing an additional 45,404 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company's stock.

Insiders Place Their Bets

In other Paycom Software news, COO Randall Peck sold 3,600 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $212.19, for a total transaction of $763,884.00. Following the transaction, the chief operating officer now owns 50,665 shares in the company, valued at $10,750,606.35. This represents a 6.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director J C. Watts, Jr. sold 500 shares of Paycom Software stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $218.22, for a total transaction of $109,110.00. Following the completion of the sale, the director now owns 7,730 shares of the company's stock, valued at approximately $1,686,840.60. The trade was a 6.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,100 shares of company stock worth $1,476,024 over the last three months. Insiders own 10.90% of the company's stock.

Paycom Software Trading Up 0.6 %

Shares of NYSE PAYC traded up $1.39 during mid-day trading on Friday, hitting $216.92. The company had a trading volume of 403,689 shares, compared to its average volume of 718,354. The firm has a 50-day simple moving average of $213.80 and a two-hundred day simple moving average of $207.77. The company has a market capitalization of $12.55 billion, a PE ratio of 24.37, a price-to-earnings-growth ratio of 2.40 and a beta of 0.97. Paycom Software, Inc. has a one year low of $139.50 and a one year high of $242.74.

Paycom Software (NYSE:PAYC - Get Free Report) last issued 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 net margin of 26.66% and a return on equity of 33.53%. Sell-side analysts expect that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.69%. The ex-dividend date was Monday, March 10th. Paycom Software's payout ratio is presently 16.85%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on PAYC shares. Stifel Nicolaus cut their price target on shares of Paycom Software from $215.00 to $187.00 and set a "hold" rating for the company in a report on Thursday, February 13th. Piper Sandler lifted their price objective on Paycom Software from $191.00 to $224.00 and gave the stock a "neutral" rating in a research note on Friday, February 14th. Needham & Company LLC reaffirmed a "hold" rating on shares of Paycom Software in a research note on Thursday, February 13th. KeyCorp raised Paycom Software from a "sector weight" rating to an "overweight" rating and set a $245.00 price target on the stock in a research report on Monday, March 10th. Finally, Barclays lowered their target price on Paycom Software from $229.00 to $221.00 and set an "equal weight" rating for the company in a research note on Thursday, January 23rd. Twelve equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Paycom Software has an average rating of "Hold" and an average target price of $212.80.

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.