Candriam S.C.A. Acquires 31,838 Shares of Paycom Software, Inc. (NYSE:PAYC)

Candriam S.C.A. boosted its position in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 126.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 56,995 shares of the software maker's stock after acquiring an additional 31,838 shares during the period. Candriam S.C.A. owned 0.10% of Paycom Software worth $11,682,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in shares of Paycom Software by 22.9% during the third quarter. Farther Finance Advisors LLC now owns 602 shares of the software maker's stock worth $100,000 after acquiring an additional 112 shares in the last quarter. Van ECK Associates Corp boosted its stake in Paycom Software by 11.0% during the 3rd quarter. Van ECK Associates Corp now owns 10,452 shares of the software maker's stock valued at $1,718,000 after purchasing an additional 1,037 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Paycom Software by 6.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 13,971 shares of the software maker's stock valued at $2,327,000 after purchasing an additional 867 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Paycom Software by 9.3% in the third quarter. Principal Financial Group Inc. now owns 65,809 shares of the software maker's stock worth $10,962,000 after purchasing an additional 5,574 shares during the last quarter. Finally, Portside Wealth Group LLC raised its stake in shares of Paycom Software by 70.7% in the third quarter. Portside Wealth Group LLC now owns 11,527 shares of the software maker's stock worth $1,920,000 after purchasing an additional 4,773 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company's stock.

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Paycom Software Stock Performance

NYSE PAYC traded down $10.16 on Tuesday, hitting $206.86. 794,413 shares of the stock traded hands, compared to its average volume of 708,386. The business's fifty day moving average is $208.86 and its two-hundred day moving average is $198.59. Paycom Software, Inc. has a 12 month low of $139.50 and a 12 month high of $242.74. The firm has a market capitalization of $11.85 billion, a price-to-earnings ratio of 23.24, a PEG ratio of 2.40 and a beta of 1.14.

Paycom Software (NYSE:PAYC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The software maker reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.99 by $0.03. Paycom Software had a return on equity of 33.53% and a net margin of 26.66%. Analysts expect that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Monday, March 10th. Paycom Software's payout ratio is currently 16.85%.

Insider Buying and Selling

In other news, COO Randall Peck sold 3,600 shares of the company's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $212.19, for a total transaction of $763,884.00. Following the sale, the chief operating officer now directly owns 50,665 shares in the company, valued at $10,750,606.35. This represents a 6.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 completion of the transaction, the director now owns 7,730 shares of the company's stock, valued at $1,686,840.60. This trade represents a 6.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. TD Cowen upped their price target on Paycom Software from $193.00 to $248.00 and gave the stock a "hold" rating in a report on Monday, December 9th. Piper Sandler upped their target price on shares of Paycom Software from $191.00 to $224.00 and gave the stock a "neutral" rating in a research note on Friday, February 14th. Stifel Nicolaus dropped their price target on shares of Paycom Software from $215.00 to $187.00 and set a "hold" rating on the stock in a research report on Thursday, February 13th. KeyCorp raised shares of Paycom Software from a "sector weight" rating to an "overweight" rating and set a $245.00 price objective for the company in a research report on Monday. Finally, StockNews.com cut shares of Paycom Software from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Twelve equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus 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.