DekaBank Deutsche Girozentrale Increases Stock Position in Paycom Software, Inc. (NYSE:PAYC)

DekaBank Deutsche Girozentrale grew its holdings in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 54.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,150 shares of the software maker's stock after purchasing an additional 3,208 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Paycom Software were worth $1,526,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of PAYC. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Paycom Software by 29.4% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 64,560 shares of the software maker's stock worth $12,848,000 after buying an additional 14,670 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of Paycom Software by 17.7% in the first quarter. Janney Montgomery Scott LLC now owns 59,242 shares of the software maker's stock worth $11,790,000 after acquiring an additional 8,927 shares during the period. Sylebra Capital LLC purchased a new position in shares of Paycom Software in the first quarter valued at $253,196,000. Profund Advisors LLC bought a new stake in shares of Paycom Software during the 2nd quarter valued at $589,000. Finally, BOKF NA lifted its holdings in Paycom Software by 453.0% during the 1st quarter. BOKF NA now owns 9,219 shares of the software maker's stock worth $1,828,000 after purchasing an additional 7,552 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company's stock.

Paycom Software Trading Up 0.8 %

Shares of PAYC traded up $1.62 during midday trading on Friday, reaching $210.65. The stock had a trading volume of 1,117,336 shares, compared to its average volume of 637,534. The company has a market capitalization of $12.10 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 2.97 and a beta of 1.13. Paycom Software, Inc. has a 12-month low of $139.50 and a 12-month high of $222.30. The company's 50-day moving average is $167.57 and its 200 day moving average is $163.17.

Paycom Software (NYSE:PAYC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The software maker reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.07. The business had revenue of $437.51 million for the quarter, compared to analysts' expectations of $436.19 million. Paycom Software had a net margin of 25.78% and a return on equity of 32.90%. Research analysts forecast that Paycom Software, Inc. will post 6.64 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, November 25th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Monday, November 25th. Paycom Software's dividend payout ratio is currently 18.05%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Jefferies Financial Group lifted their target price on Paycom Software from $170.00 to $175.00 and gave the company a "hold" rating in a report on Thursday. BMO Capital Markets boosted their price objective on shares of Paycom Software from $183.00 to $197.00 and gave the company a "market perform" rating in a research note on Thursday. Barclays increased their target price on shares of Paycom Software from $172.00 to $181.00 and gave the stock an "equal weight" rating in a research note on Thursday. TD Cowen raised their price target on shares of Paycom Software from $171.00 to $188.00 and gave the company a "hold" rating in a report on Monday, September 23rd. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Paycom Software in a report on Thursday, August 1st. Thirteen analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $190.80.

Insider Buying and Selling

In other news, CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $155.63, for a total value of $303,478.50. Following the transaction, the chief executive officer now owns 2,978,858 shares in the company, valued at approximately $463,599,670.54. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Paycom Software news, insider Bradley Scott Smith sold 1,524 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $157.62, for a total transaction of $240,212.88. Following the completion of the sale, the insider now owns 14,769 shares of the company's stock, valued at $2,327,889.78. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Chad R. Richison sold 1,950 shares of the business's stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $155.63, for a total transaction of $303,478.50. Following the completion of the transaction, the chief executive officer now owns 2,978,858 shares in the company, valued at $463,599,670.54. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 71,906 shares of company stock worth $11,731,540 in the last 90 days. 14.50% of the stock is owned by company insiders.

Paycom Software Company 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.