Amundi lifted its holdings in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 4.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 83,790 shares of the software maker's stock after acquiring an additional 3,887 shares during the period. Amundi owned approximately 0.15% of Paycom Software worth $16,709,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Sylebra Capital LLC grew its holdings in shares of Paycom Software by 0.3% during the 3rd quarter. Sylebra Capital LLC now owns 1,962,468 shares of the software maker's stock worth $326,888,000 after purchasing an additional 5,000 shares in the last quarter. Geode Capital Management LLC lifted its position in Paycom Software by 3.3% during the third quarter. Geode Capital Management LLC now owns 1,426,920 shares of the software maker's stock worth $237,015,000 after purchasing an additional 45,404 shares during the period. FMR LLC increased its holdings in Paycom Software by 55.0% in the 3rd quarter. FMR LLC now owns 1,007,919 shares of the software maker's stock valued at $167,889,000 after buying an additional 357,723 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Paycom Software by 1.0% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 627,510 shares of the software maker's stock worth $104,524,000 after acquiring an additional 6,488 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Paycom Software by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 498,073 shares of the software maker's stock valued at $102,090,000 after acquiring an additional 11,611 shares during the last quarter. 87.77% of the stock is owned by institutional investors.
A number of research firms have recently commented on PAYC. Citigroup dropped their target price on shares of Paycom Software from $234.00 to $221.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. KeyCorp upgraded shares of Paycom Software from a "sector weight" rating to an "overweight" rating and set a $245.00 price target on the stock in a research report on Monday. Piper Sandler upped their price target on shares of Paycom Software from $191.00 to $224.00 and gave the company a "neutral" rating in a research report on Friday, February 14th. Needham & Company LLC restated a "hold" rating on shares of Paycom Software in a report on Thursday, February 13th. Finally, Stifel Nicolaus decreased their price target on shares of Paycom Software from $215.00 to $187.00 and set a "hold" rating for the company in a research note on Thursday, February 13th. Twelve research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $212.80.
View Our Latest Report on Paycom Software
In related news, Director J C. Watts, Jr. sold 500 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $218.22, for a total transaction of $109,110.00. Following the sale, the director now owns 7,730 shares of the company's stock, valued at approximately $1,686,840.60. This represents a 6.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Randall Peck sold 3,600 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $212.19, for a total transaction of $763,884.00. Following the completion of the sale, the chief operating officer now directly owns 50,665 shares in the company, valued at approximately $10,750,606.35. The trade was a 6.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.50% of the stock is owned by company insiders.
NYSE:PAYC traded up $5.26 on Friday, hitting $208.08. The stock had a trading volume of 410,843 shares, compared to its average volume of 704,836. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $242.74. The firm's fifty day simple moving average is $208.95 and its two-hundred day simple moving average is $198.97. The stock has a market cap of $11.92 billion, a P/E ratio of 23.38, a price-to-earnings-growth ratio of 2.40 and a beta of 1.14.
Paycom Software (NYSE:PAYC - Get Free Report) last announced its earnings results on Wednesday, February 12th. The software maker reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.03. Paycom Software had a return on equity of 33.53% and a net margin of 26.66%. Equities research analysts predict that Paycom Software, Inc. will post 7.15 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.72%. Paycom Software's dividend payout ratio (DPR) is presently 16.85%.
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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