Keystone Investors PTE Ltd. Invests $391,000 in Paycom Software, Inc. (NYSE:PAYC)

Keystone Investors PTE Ltd. acquired a new position in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,907 shares of the software maker's stock, valued at approximately $391,000.

A number of other institutional investors and hedge funds have also bought and sold shares of PAYC. Sylebra Capital LLC raised its holdings 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 valued at $326,888,000 after purchasing an additional 5,000 shares in the last quarter. Geode Capital Management LLC raised its stake in Paycom Software by 3.3% in the third quarter. Geode Capital Management LLC now owns 1,426,920 shares of the software maker's stock worth $237,015,000 after buying an additional 45,404 shares in the last quarter. FMR LLC raised its stake in Paycom Software by 55.0% in the third quarter. FMR LLC now owns 1,007,919 shares of the software maker's stock worth $167,889,000 after buying an additional 357,723 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Paycom Software by 2.4% during the fourth 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 period. Finally, Boston Trust Walden Corp boosted its position in 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 acquiring an additional 11,595 shares in the last quarter. 87.77% of the stock is owned by institutional investors.

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Insider Activity

In other news, insider Bradley Scott Smith sold 3,000 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was 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 $5,775,620.33. This trade represents a 9.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Randall Peck sold 3,600 shares of the business'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 transaction, the chief operating officer now owns 50,665 shares in the company, valued at $10,750,606.35. The trade was a 6.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,100 shares of company stock valued at $1,476,024 in the last quarter. 14.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on PAYC. Stifel Nicolaus decreased their price objective on Paycom Software from $215.00 to $187.00 and set a "hold" rating for the company in a research note on Thursday, February 13th. Citigroup decreased their price target on shares of Paycom Software from $234.00 to $221.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. TD Cowen lifted their price objective on shares of Paycom Software from $193.00 to $248.00 and gave the stock a "hold" rating in a research report on Monday, December 9th. KeyCorp raised shares of Paycom Software from a "sector weight" rating to an "overweight" rating and set a $245.00 target price for the company in a research report on Monday, March 10th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Paycom Software from $185.00 to $200.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. 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, Paycom Software presently has a consensus rating of "Hold" and an average target price of $212.80.

Paycom Software Stock Performance

Shares of NYSE PAYC traded down $7.07 during mid-day trading on Friday, hitting $218.75. The stock had a trading volume of 547,958 shares, compared to its average volume of 723,974. The firm has a market cap of $12.53 billion, a PE ratio of 24.58, a PEG ratio of 2.40 and a beta of 1.14. The company has a 50 day moving average of $212.28 and a two-hundred day moving average of $203.60. Paycom Software, Inc. has a twelve month low of $139.50 and a twelve month high of $242.74.

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, beating analysts' consensus estimates of $1.99 by $0.03. Paycom Software had a return on equity of 33.53% and a net margin of 26.66%. Equities research analysts predict that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Monday, March 10th. Paycom Software's dividend payout ratio is currently 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.