Optas LLC Purchases Shares of 5,729 Paycom Software, Inc. (NYSE:PAYC)

Optas LLC bought a new position in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 5,729 shares of the software maker's stock, valued at approximately $954,000.

Other large investors have also made changes to their positions in the company. Farther Finance Advisors LLC raised its stake in Paycom Software by 22.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 602 shares of the software maker's stock valued at $100,000 after purchasing an additional 112 shares during the last quarter. Americana Partners LLC raised its stake in Paycom Software by 51.9% in the 3rd quarter. Americana Partners LLC now owns 3,230 shares of the software maker's stock valued at $538,000 after purchasing an additional 1,104 shares during the last quarter. Stephens Inc. AR raised its stake in Paycom Software by 43.0% in the 3rd quarter. Stephens Inc. AR now owns 8,441 shares of the software maker's stock valued at $1,406,000 after purchasing an additional 2,538 shares during the last quarter. Diversify Wealth Management LLC raised its stake in Paycom Software by 49.1% in the 3rd quarter. Diversify Wealth Management LLC now owns 3,108 shares of the software maker's stock valued at $511,000 after purchasing an additional 1,024 shares during the last quarter. Finally, Andina Capital Management LLC raised its stake in Paycom Software by 4.0% in the 3rd quarter. Andina Capital Management LLC now owns 1,651 shares of the software maker's stock valued at $275,000 after purchasing an additional 63 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PAYC has been the subject of several recent research reports. Needham & Company LLC reissued a "hold" rating on shares of Paycom Software in a research note on Thursday, August 1st. BMO Capital Markets raised their target price on Paycom Software from $183.00 to $197.00 and gave the stock a "market perform" rating in a research note on Thursday. Citigroup raised their target price on Paycom Software from $172.00 to $196.00 and gave the stock a "neutral" rating in a research note on Thursday. Jefferies Financial Group raised their target price on Paycom Software from $170.00 to $175.00 and gave the stock a "hold" rating in a research note on Thursday. Finally, StockNews.com downgraded Paycom Software from a "buy" rating to a "hold" rating in a research note on Monday, July 15th. Twelve equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $191.44.

Insider Activity at Paycom Software

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

Paycom Software Stock Performance

Shares of NYSE PAYC traded up $1.62 during mid-day trading on Friday, reaching $210.65. 1,117,336 shares of the company's stock were exchanged, compared to its average volume of 637,534. The firm has a market capitalization of $12.10 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 2.97 and a beta of 1.13. Paycom Software, Inc. has a 52-week low of $139.50 and a 52-week high of $222.30. The company's 50-day moving average is $167.57 and its 200-day moving average is $163.00.

Paycom Software (NYSE:PAYC - Get Free Report) last announced its 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. Paycom Software had a return on equity of 32.90% and a net margin of 25.78%. The company had revenue of $437.51 million during the quarter, compared to analysts' expectations of $436.19 million. As a group, equities analysts predict that Paycom Software, Inc. will post 6.64 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Monday, November 25th. Paycom Software's dividend payout ratio (DPR) is 18.05%.

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.