Natixis acquired a new stake in Paycom Software Inc. (NYSE:PAYC – free report ) during the first quarter, the company announced in its latest Form 13F filing with the Securities and Exchange Commission (SEC). The company acquired 480 shares of the software maker’s stock, valuing it at roughly $96,000.
Other hedge funds and institutional investors also modified their positions in the company’s shares. Mather Group LLC acquired a new stake in Paycom Software worth approximately $26,000 in the first quarter. Hexagon Capital Partners LLC increased its holdings in Paycom Software by 333.3% in the fourth quarter. Hexagon Capital Partners LLC now owns 130 shares of the software maker’s stock, valued at $27,000, after acquiring an additional 100 shares in the fourth quarter. Palisade Asset Management LLC acquired a new stake in Paycom Software worth approximately $32,000 in the first quarter. Transcendent Capital Group LLC acquired a new stake in Paycom Software worth approximately $41,000 in the fourth quarter. Finally, SYSTM Wealth Solutions LLC increased its stake in Paycom Software by 75.8% in the first quarter. SYSTM Wealth Solutions LLC now owns 225 shares of the software maker’s stock valued at $45,000 after acquiring an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.
Analyst Rating Changes
PAYC has been the subject of several analyst reports recently. William Blair reaffirmed their “market average” rating on shares of Paycom Software in a research report on Thursday, May 2nd. Barclays lowered their price target on Paycom Software from $184.00 to $161.00 and set an “equal weight” rating on the company in a research report on Tuesday, July 16th. Needham and Company LLC reaffirmed a “hold” rating on shares of Paycom Software in a research 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 company in a research report on Monday, May 6th. Finally, TD Cowen lowered their price target on Paycom Software from $170.00 to $147.00 and set a “hold” rating for the company in a research report on Thursday, June 20th. Seventeen equities research analysts have rated the stock with a hold rating, and three have assigned a buy rating to the stock. According to MarketBeat data, the company’s current consensus rating is a “hold” and the average price target is $236.38.
Check out the latest stock report for Paycom Software
Paycom Software Stock Performance
PAYC shares opened trading at $164.03 on Friday. The stock has a market cap of $9.53 billion, a P/E ratio of 19.98, a P/G ratio of 2.72 and a beta of 1.16. The company’s 50-day moving average is $151.90 and its 200-day moving average is $176.20. Paycom Software, Inc.’s one-year low is $139.50 and its one-year high is $374.04.
Paycom Software (NYSE:PAYC – Get free report ) last released its quarterly earnings data on Wednesday, May 1st. The software maker reported quarterly earnings per share (EPS) of $4.25, beating the consensus estimate of $1.96 by $2.29. The company’s quarterly revenue was $499.88 million, beating analyst expectations of $495.89 million. Paycom Software had a net margin of 26.91% and a return on equity of 32.84%. Sell-side analysts expect Paycom Software, Inc. to post EPS of 6.36 for the year.
Paycom Software Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Tuesday, May 28th were paid a dividend of $0.375 per share. The ex-dividend date is Friday, May 24th. This works out to an annualized dividend of $1.50, for a dividend yield of 0.91%. Paycom Software’s dividend payout ratio is currently 18.27%.
Insiders bet
In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $180.82, for a total transaction value of $352,599.00. Following the sale, the CEO now directly owns 3,091,958 shares of the company’s stock, valued at approximately $559,087,845.56. The sale was disclosed in a legal filing with the Securities and Exchange Commission, which is available on the SEC’s website. In other Paycom Software news, EVP Amy Vickroy sold 1,381 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $143.39, for a total transaction value of $198,021.59. Following the transaction, the Executive Vice President now directly owns 19,962 shares of the company’s stock, valued at approximately $2,862,351.18. The transaction was disclosed in a legal filing with the SEC, available on the SEC’s website. Additionally, the CEO, Chad R. Richison sold 1,950 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $180.82, for a total transaction value of $352,599.00. Following the completion of the transaction, the CEO now owns 3,091,958 shares of the company’s stock, valued at $559,087,845.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,037 shares of the company’s stock, valued at $7,754,590.Corporate insiders own 14.50% of the company’s stock.
Paycom Software Company Profile
(Free report)
Paycom Software, Inc. provides cloud-based human capital management (HCM) solutions as a software-as-a-service to small and medium-sized businesses in the United States, providing the functionality and data analytics companies need to manage the employee lifecycle from hire to retire.
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