Ilmarinen Mutual Pension Insurance Co Increases Position in Paycom Software, Inc. (NYSE:PAYC)

Ilmarinen Mutual Pension Insurance Co lifted its stake in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 30.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 32,500 shares of the software maker's stock after acquiring an additional 7,500 shares during the quarter. Ilmarinen Mutual Pension Insurance Co owned approximately 0.06% of Paycom Software worth $6,662,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sylebra Capital LLC lifted its position in shares of Paycom Software by 0.3% in the 3rd quarter. Sylebra Capital LLC now owns 1,962,468 shares of the software maker's stock worth $326,888,000 after purchasing an additional 5,000 shares during the period. Geode Capital Management LLC raised its holdings in 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 purchasing an additional 89,848 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Paycom Software by 2.4% in 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 last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Paycom Software by 1,153.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 401,889 shares of the software maker's stock worth $82,375,000 after acquiring an additional 369,825 shares in the last quarter. Finally, Boston Trust Walden Corp lifted its position in Paycom Software by 3.3% during the fourth quarter. Boston Trust Walden Corp now owns 359,695 shares of the software maker's stock valued at $73,727,000 after acquiring an additional 11,595 shares during the last quarter. Institutional investors own 87.77% of the company's stock.

Remove Ads

Paycom Software Trading Up 1.7 %

PAYC traded up $3.58 during trading on Friday, hitting $213.80. The company's stock had a trading volume of 114,369 shares, compared to its average volume of 721,234. The firm has a market capitalization of $12.24 billion, a price-to-earnings ratio of 24.01, a P/E/G ratio of 2.40 and a beta of 0.97. Paycom Software, Inc. has a twelve month low of $139.50 and a twelve month high of $242.74. The business's fifty day simple moving average is $212.49 and its 200 day simple moving average is $206.32.

Paycom Software (NYSE:PAYC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The software maker reported $2.02 EPS for the quarter, topping 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%. As a group, equities research analysts forecast that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend was Monday, March 10th. Paycom Software's payout ratio is 16.85%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on PAYC shares. KeyCorp raised 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, March 10th. Piper Sandler increased 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. Mizuho boosted their target price on shares of Paycom Software from $190.00 to $210.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. Stifel Nicolaus decreased 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. Finally, Citigroup dropped their price objective on shares of Paycom Software from $234.00 to $221.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Twelve investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Paycom Software presently has a consensus rating of "Hold" and a consensus price target of $212.80.

Insiders Place Their Bets

In other news, 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 value of $763,884.00. Following the transaction, the chief operating officer now directly owns 50,665 shares of the company's stock, valued at approximately $10,750,606.35. This trade represents a 6.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, 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 sale, the insider now directly owns 28,733 shares of the company's stock, valued at approximately $5,775,620.33. This represents a 9.45 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 7,100 shares of company stock worth $1,476,024. Corporate insiders own 14.50% of the company's stock.

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.