Caisse DE Depot ET Placement DU Quebec Purchases New Holdings in Paycom Software, Inc. (NYSE:PAYC)

Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The fund bought 100,268 shares of the software maker's stock, valued at approximately $16,702,000. Caisse DE Depot ET Placement DU Quebec owned approximately 0.17% of Paycom Software as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Private Trust Co. NA grew its stake in shares of Paycom Software by 11.2% in the 3rd quarter. Private Trust Co. NA now owns 526 shares of the software maker's stock valued at $88,000 after purchasing an additional 53 shares during the period. Wrapmanager Inc. boosted its stake in shares of Paycom Software by 2.6% in the 3rd quarter. Wrapmanager Inc. now owns 2,176 shares of the software maker's stock valued at $362,000 after purchasing an additional 56 shares in the last quarter. Andina Capital Management LLC grew its holdings in shares of Paycom Software by 4.0% in the 3rd quarter. Andina Capital Management LLC now owns 1,651 shares of the software maker's stock worth $275,000 after purchasing an additional 63 shares during the last quarter. Davis Investment Partners LLC increased its position in shares of Paycom Software by 1.0% during the 3rd quarter. Davis Investment Partners LLC now owns 6,397 shares of the software maker's stock worth $1,067,000 after purchasing an additional 64 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Paycom Software by 26.7% during the 3rd quarter. GAMMA Investing LLC now owns 323 shares of the software maker's stock valued at $54,000 after purchasing an additional 68 shares during the last quarter. Institutional investors own 87.77% of the company's stock.

Paycom Software Trading Up 0.2 %

Shares of NYSE:PAYC traded up $0.49 during mid-day trading on Monday, reaching $232.41. The stock had a trading volume of 601,567 shares, compared to its average volume of 798,132. The firm has a 50 day simple moving average of $193.36 and a two-hundred day simple moving average of $169.87. Paycom Software, Inc. has a twelve month low of $139.50 and a twelve month high of $237.33. The firm has a market cap of $13.40 billion, a PE ratio of 27.97, a price-to-earnings-growth ratio of 3.09 and a beta of 1.14.

Paycom Software Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, November 25th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $1.50 annualized dividend and a yield of 0.65%. Paycom Software's dividend payout ratio is presently 18.05%.

Insider Buying and Selling at Paycom Software

In other news, CEO Chad R. Richison sold 1,950 shares of the company's stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $229.09, for a total transaction of $446,725.50. Following the completion of the transaction, the chief executive officer now directly owns 2,731,410 shares of the company's stock, valued at $625,738,716.90. This represents a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders sold 54,600 shares of company stock valued at $9,726,717. Company insiders own 14.50% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on PAYC shares. BMO Capital Markets raised their price objective on shares of Paycom Software from $183.00 to $197.00 and gave the stock a "market perform" rating in a report on Thursday, October 31st. TD Cowen increased their target price on Paycom Software from $171.00 to $188.00 and gave the stock a "hold" rating in a report on Monday, September 23rd. Citigroup upped their price target on shares of Paycom Software from $172.00 to $196.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Barclays boosted their target price on shares of Paycom Software from $172.00 to $181.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 31st. Finally, Piper Sandler raised their price target on shares of Paycom Software from $160.00 to $191.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Twelve equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $193.67.

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.