Paycom Software, Inc. (NYSE:PAYC) Shares Sold by Marathon Asset Management Ltd

Marathon Asset Management Ltd trimmed its stake in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 8.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 268,139 shares of the software maker's stock after selling 26,113 shares during the period. Marathon Asset Management Ltd owned approximately 0.46% of Paycom Software worth $44,663,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Mather Group LLC. bought a new stake in shares of Paycom Software in the 1st quarter valued at approximately $26,000. Palisade Asset Management LLC bought a new stake in shares of Paycom Software during the 1st quarter worth approximately $32,000. Armstrong Advisory Group Inc. bought a new stake in shares of Paycom Software during the 3rd quarter worth approximately $26,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Paycom Software during the 2nd quarter worth approximately $25,000. Finally, MFA Wealth Advisors LLC bought a new stake in shares of Paycom Software during the 2nd quarter worth approximately $26,000. 87.77% of the stock is owned by institutional investors.

Paycom Software Stock Up 0.4 %

Shares of Paycom Software stock traded up $0.64 on Friday, reaching $165.89. The stock had a trading volume of 373,476 shares, compared to its average volume of 587,069. The company has a 50 day moving average price of $164.04 and a 200 day moving average price of $165.28. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $272.33. The stock has a market capitalization of $9.53 billion, a P/E ratio of 19.99, a P/E/G ratio of 2.33 and a beta of 1.17.

Paycom Software (NYSE:PAYC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The software maker reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.07. Paycom Software had a net margin of 26.55% and a return on equity of 33.36%. The firm had revenue of $437.51 million for the quarter, compared to the consensus estimate of $436.19 million. On average, analysts forecast that Paycom Software, Inc. will post 6.67 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Monday, August 26th were given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date was Monday, August 26th. Paycom Software's payout ratio is currently 18.07%.

Insiders Place Their Bets

In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the business's stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $163.51, for a total transaction of $318,844.50. Following the sale, the chief executive officer now owns 2,770,410 shares of the company's stock, valued at approximately $452,989,739.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the business's stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $163.51, for a total transaction of $318,844.50. Following the sale, the chief executive officer now owns 2,770,410 shares of the company's stock, valued at approximately $452,989,739.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Craig E. Boelte sold 11,882 shares of the business's stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $155.98, for a total transaction of $1,853,354.36. Following the sale, the chief financial officer now directly owns 294,849 shares in the company, valued at approximately $45,990,547.02. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 71,906 shares of company stock valued at $11,684,077. Insiders own 12.60% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. TD Cowen raised their price target on Paycom Software from $171.00 to $188.00 and gave the stock a "hold" rating in a research note on Monday, September 23rd. Needham & Company LLC reissued a "hold" rating on shares of Paycom Software in a research note on Thursday, August 1st. Jefferies Financial Group decreased their price target on Paycom Software from $170.00 to $145.00 and set a "hold" rating for the company in a research note on Monday, June 24th. StockNews.com lowered Paycom Software from a "buy" rating to a "hold" rating in a research report on Monday, July 15th. Finally, Barclays increased their price target on Paycom Software from $167.00 to $172.00 and gave the stock an "equal weight" rating in a research report on Friday, October 11th. Seventeen investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $180.17.

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.