Paycom Software, Inc. (NYSE:PAYC) Shares Bought by Quadrature Capital Ltd

Quadrature Capital Ltd grew its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 285.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,289 shares of the software maker’s stock after purchasing an additional 25,403 shares during the quarter. Quadrature Capital Ltd’s holdings in Paycom Software were worth $6,826,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. HBK Sorce Advisory LLC increased its holdings in shares of Paycom Software by 5.9% in the 4th quarter. HBK Sorce Advisory LLC now owns 986 shares of the software maker’s stock valued at $204,000 after acquiring an additional 55 shares during the period. Empirical Finance LLC increased its holdings in shares of Paycom Software by 3.9% in the 1st quarter. Empirical Finance LLC now owns 1,580 shares of the software maker’s stock valued at $314,000 after acquiring an additional 60 shares during the period. Optas LLC increased its holdings in shares of Paycom Software by 6.1% in the 1st quarter. Optas LLC now owns 1,059 shares of the software maker’s stock valued at $211,000 after acquiring an additional 61 shares during the period. Wahed Invest LLC increased its holdings in shares of Paycom Software by 7.9% in the 4th quarter. Wahed Invest LLC now owns 877 shares of the software maker’s stock valued at $181,000 after acquiring an additional 64 shares during the period. Finally, Court Place Advisors LLC increased its holdings in shares of 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 acquiring an additional 65 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Insider Buying and Selling

In related news, CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $179.78, for a total value of $350,571.00. Following the sale, the chief executive officer now directly owns 3,090,008 shares in the company, valued at approximately $555,521,638.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Amy Vickroy sold 1,381 shares of the business’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $143.39, for a total value of $198,021.59. Following the completion of the transaction, the executive vice president now owns 19,962 shares of the company’s stock, valued at approximately $2,862,351.18. The sale was disclosed in a filing with the Securities & Exchange Commission, 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, May 20th. The shares were sold at an average price of $179.78, for a total transaction of $350,571.00. Following the completion of the transaction, the chief executive officer now directly owns 3,090,008 shares of the company’s stock, valued at approximately $555,521,638.24. The disclosure for this sale can be found here. Insiders have sold 51,037 shares of company stock worth $7,754,590 in the last three months. Corporate insiders own 14.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. William Blair reaffirmed a “market perform” rating on shares of Paycom Software in a report on Thursday, May 2nd. JPMorgan Chase & Co. lifted their target price on shares of Paycom Software from $165.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. BMO Capital Markets lowered their price objective on shares of Paycom Software from $200.00 to $190.00 and set a “market perform” rating on the stock in a research report on Thursday, May 2nd. StockNews.com lowered shares of Paycom Software from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. Finally, Citigroup lowered their price objective on shares of Paycom Software from $193.00 to $162.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 18th. Seventeen equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Paycom Software presently has an average rating of “Hold” and an average price target of $236.38.

Paycom Software Price Performance

Shares of NYSE PAYC traded up $1.14 during trading on Friday, hitting $164.03. 585,889 shares of the company were exchanged, compared to its average volume of 711,523. The company has a market cap of $9.53 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 2.71 and a beta of 1.16. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $374.04. The firm’s fifty day moving average price is $151.90 and its 200 day moving average price is $176.20.

Paycom Software (NYSE:PAYC) last issued its earnings results on Wednesday, May 1st. The software maker reported $4.25 EPS for the quarter, topping the consensus estimate of $1.96 by $2.29. Paycom Software had a net margin of 26.91% and a return on equity of 32.84%. The company had revenue of $499.88 million for the quarter, compared to analyst estimates of $495.89 million. On average, research analysts forecast that Paycom Software, Inc. will post 6.36 earnings per share for the current year.

Paycom Software Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Tuesday, May 28th were given a $0.375 dividend. The ex-dividend date of this dividend was Friday, May 24th. This represents a $1.50 annualized dividend and a dividend yield of 0.91%. Paycom Software’s dividend payout ratio is presently 18.27%.

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.