Thematics Asset Management lowered its position in shares of Paycom Software, Inc. (NYSE:PAYC – Free Report) by 36.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,804 shares of the software maker’s stock after selling 6,764 shares during the quarter. Thematics Asset Management’s holdings in Paycom Software were worth $2,440,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. HBK Sorce Advisory LLC boosted its holdings in shares of Paycom Software by 5.9% in the fourth quarter. HBK Sorce Advisory LLC now owns 986 shares of the software maker’s stock valued at $204,000 after buying an additional 55 shares during the period. Renaissance Group LLC lifted its holdings in shares of Paycom Software by 1.1% in the third quarter. Renaissance Group LLC now owns 5,391 shares of the software maker’s stock valued at $1,398,000 after purchasing an additional 61 shares in the last quarter. Bouvel Investment Partners LLC boosted its position in shares of Paycom Software by 1.0% during the fourth quarter. Bouvel Investment Partners LLC now owns 6,431 shares of the software maker’s stock worth $1,329,000 after buying an additional 63 shares during the period. Optas LLC raised its position in Paycom Software by 7.0% in the 4th quarter. Optas LLC now owns 998 shares of the software maker’s stock valued at $206,000 after buying an additional 65 shares during the last quarter. Finally, Court Place Advisors LLC raised its position in Paycom Software by 3.3% in the 4th quarter. Court Place Advisors LLC now owns 2,065 shares of the software maker’s stock valued at $427,000 after buying an additional 65 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.
Paycom Software Price Performance
NYSE:PAYC traded up $0.08 during trading hours on Friday, reaching $145.33. 792,436 shares of the company were exchanged, compared to its average volume of 795,872. The company has a market capitalization of $8.45 billion, a P/E ratio of 17.70, a P/E/G ratio of 2.24 and a beta of 1.17. The business has a 50 day moving average of $179.31 and a 200 day moving average of $187.56. Paycom Software, Inc. has a 1-year low of $142.73 and a 1-year high of $374.04.
Paycom Software (NYSE:PAYC – Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The software maker reported $4.25 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $2.29. The business had revenue of $499.88 million during the quarter, compared to the consensus estimate of $495.89 million. Paycom Software had a return on equity of 32.84% and a net margin of 26.91%. As a group, equities research analysts anticipate that Paycom Software, Inc. will post 6.26 earnings per share for the current fiscal year.
Paycom Software Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Tuesday, May 28th will be issued a dividend of $0.375 per share. The ex-dividend date is Friday, May 24th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.03%. Paycom Software’s dividend payout ratio (DPR) is currently 18.27%.
Insider Buying and Selling
In related news, CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $179.78, for a total transaction of $350,571.00. Following the sale, the chief executive officer now directly owns 3,090,008 shares of the company’s stock, valued at approximately $555,521,638.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 13,650 shares of company stock worth $2,258,724 in the last ninety days. 14.50% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a report on Thursday, May 2nd. Mizuho lowered their price target on Paycom Software from $185.00 to $170.00 and set a “neutral” rating on the stock in a research report on Monday, May 6th. Barclays decreased their target price on shares of Paycom Software from $193.00 to $184.00 and set an “equal weight” rating for the company in a research note on Thursday, May 2nd. JPMorgan Chase & Co. increased their price target on shares of Paycom Software from $165.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Finally, William Blair reissued a “market perform” rating on shares of Paycom Software in a research report on Thursday, May 2nd. Sixteen analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $246.31.
View Our Latest Analysis on Paycom Software
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.
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