BI Asset Management Fondsmaeglerselskab A S Invests $677,000 in Paycom Software, Inc. (NYSE:PAYC)

BI Asset Management Fondsmaeglerselskab A S bought a new position in Paycom Software, Inc. (NYSE:PAYC - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,302 shares of the software maker's stock, valued at approximately $677,000.

Several other large investors have also recently modified their holdings of the business. FMR LLC boosted its stake 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 period. Geode Capital Management LLC increased its stake in Paycom Software by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 1,516,768 shares of the software maker's stock worth $310,245,000 after acquiring an additional 89,848 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position 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 valued at $102,090,000 after acquiring an additional 11,611 shares during the last quarter. 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 worth $82,375,000 after buying an additional 369,825 shares in the last quarter. Finally, Boston Trust Walden Corp raised its position in shares of Paycom Software by 3.3% during the 4th quarter. Boston Trust Walden Corp now owns 359,695 shares of the software maker's stock valued at $73,727,000 after buying an additional 11,595 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company's stock.

Insider Transactions at Paycom Software

In other news, insider Bradley Scott Smith sold 3,000 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $201.01, for a total value of $603,030.00. Following the transaction, the insider now owns 28,733 shares in the company, valued at approximately $5,775,620.33. This represents a 9.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director J C. Watts, Jr. sold 500 shares of the firm's 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 sale, the director now directly owns 7,730 shares of the company's stock, valued at $1,686,840.60. This trade represents a 6.08 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,100 shares of company stock valued at $1,476,024. Insiders own 10.90% of the company's stock.

Analyst Ratings Changes

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

Paycom Software Price Performance

NYSE PAYC traded up $0.22 during trading hours on Tuesday, reaching $226.71. 85,964 shares of the company's stock traded hands, compared to its average volume of 711,565. Paycom Software, Inc. has a 52-week low of $139.50 and a 52-week high of $242.74. The firm has a 50-day simple moving average of $215.05 and a 200 day simple moving average of $211.05. The firm has a market cap of $13.12 billion, a PE ratio of 25.47, a PEG ratio of 2.40 and a beta of 0.97.

Paycom Software (NYSE:PAYC - Get Free Report) last released its earnings results on Wednesday, February 12th. The software maker reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate 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 forecast that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 0.66%. The ex-dividend date was Monday, March 10th. Paycom Software's dividend payout ratio (DPR) is 16.85%.

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.