Paycom Software, Inc. (NYSE:PAYC) Shares Acquired by KBC Group NV

KBC Group NV lifted its holdings in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 219.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,733 shares of the software maker's stock after acquiring an additional 12,877 shares during the quarter. KBC Group NV's holdings in Paycom Software were worth $3,120,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in PAYC. Kingsview Wealth Management LLC lifted its holdings in shares of Paycom Software by 51.5% during the first quarter. Kingsview Wealth Management LLC now owns 2,176 shares of the software maker's stock worth $433,000 after purchasing an additional 740 shares during the period. Orion Portfolio Solutions LLC lifted its stake in Paycom Software by 39.4% in the 1st quarter. Orion Portfolio Solutions LLC now owns 10,797 shares of the software maker's stock worth $2,149,000 after purchasing an additional 3,049 shares in the last quarter. Intech Investment Management LLC increased its stake in Paycom Software by 54.6% in the first quarter. Intech Investment Management LLC now owns 3,526 shares of the software maker's stock valued at $702,000 after acquiring an additional 1,245 shares during the last quarter. Edgestream Partners L.P. raised its position in Paycom Software by 31.4% in the 1st quarter. Edgestream Partners L.P. now owns 4,658 shares of the software maker's stock worth $927,000 after purchasing an additional 1,114 shares during the period. Finally, Covestor Ltd increased its stake in shares of Paycom Software by 56.7% during the first quarter. Covestor Ltd now owns 920 shares of the software maker's stock valued at $183,000 after buying an additional 333 shares during the period. 87.77% of the stock is currently owned by institutional investors.

Paycom Software Stock Down 0.6 %

Shares of PAYC stock traded down $1.36 during trading hours on Monday, hitting $218.52. 186,180 shares of the company's stock were exchanged, compared to its average volume of 809,585. The firm has a market cap of $12.60 billion, a P/E ratio of 26.46, a P/E/G ratio of 2.94 and a beta of 1.14. The firm has a 50 day moving average of $180.24 and a two-hundred day moving average of $165.62. Paycom Software, Inc. has a fifty-two week low of $139.50 and a fifty-two week high of $233.69.

Paycom Software Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, November 25th will be given a $0.375 dividend. The ex-dividend date is Monday, November 25th. This represents a $1.50 annualized dividend and a dividend yield of 0.69%. Paycom Software's dividend payout ratio (DPR) is presently 18.05%.

Insider Buying and Selling at Paycom Software

In related news, CEO Chad R. Richison sold 1,950 shares of the business's stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $163.12, for a total value of $318,084.00. Following the sale, the chief executive officer now owns 3,534,499 shares in the company, valued at approximately $576,547,476.88. The trade was a 0.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders have sold 58,500 shares of company stock worth $10,361,228. Corporate insiders own 14.50% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PAYC. TD Cowen upped their target price on shares of Paycom Software from $171.00 to $188.00 and gave the stock a "hold" rating in a research report on Monday, September 23rd. Jefferies Financial Group increased their price target on shares of Paycom Software from $170.00 to $175.00 and gave the stock a "hold" rating in a research report on Thursday, October 31st. BMO Capital Markets increased their price target on Paycom Software from $183.00 to $197.00 and gave the stock a "market perform" rating in a research note on Thursday, October 31st. Mizuho lifted their target price on Paycom Software from $170.00 to $190.00 and gave the stock a "neutral" rating in a report on Monday, November 4th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Paycom Software in a research note on Thursday, August 1st. Twelve investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price 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.