Amundi Acquires 3,887 Shares of Paycom Software, Inc. (NYSE:PAYC)

Amundi grew its holdings in Paycom Software, Inc. (NYSE:PAYC) by 4.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 0.15% of Paycom Software worth $16,709,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. FMR LLC boosted its holdings in Paycom Software by 55.0% in the third quarter. FMR LLC now owns 1,007,919 shares of the software maker’s stock worth $167,889,000 after purchasing an additional 357,723 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Paycom Software in the fourth quarter worth about $63,923,000. Strategic Financial Concepts LLC bought a new stake in shares of Paycom Software during the 4th quarter worth about $42,893,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Paycom Software by 45.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 486,462 shares of the software maker’s stock valued at $81,030,000 after acquiring an additional 151,807 shares during the last quarter. Finally, Aureus Asset Management LLC raised its stake in shares of Paycom Software by 417.8% in the 3rd quarter. Aureus Asset Management LLC now owns 133,214 shares of the software maker’s stock valued at $22,189,000 after acquiring an additional 107,487 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. KeyCorp raised Paycom Software from a “sector weight” rating to an “overweight” rating and set a $245.00 target price for the company in a research report on Monday. Mizuho raised their target price on shares of Paycom Software from $190.00 to $210.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a report on Thursday, February 13th. JPMorgan Chase & Co. upped their price target on shares of Paycom Software from $185.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Finally, StockNews.com lowered Paycom Software from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Twelve equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $212.80.

Paycom Software Trading Down 1.8 %

Shares of NYSE:PAYC opened at $202.83 on Friday. The firm has a market capitalization of $11.61 billion, a PE ratio of 22.79, a PEG ratio of 2.40 and a beta of 1.14. Paycom Software, Inc. has a 1-year low of $139.50 and a 1-year high of $242.74. The business’s 50 day moving average is $208.95 and its 200-day moving average is $198.97.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings results on Wednesday, February 12th. The software maker reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.99 by $0.03. Paycom Software had a net margin of 26.66% and a return on equity of 33.53%. On average, sell-side analysts predict that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Monday, March 10th. Paycom Software’s payout ratio is 16.85%.

Insider Buying and Selling at Paycom Software

In other news, COO Randall Peck sold 3,600 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $212.19, for a total value of $763,884.00. Following the sale, the chief operating officer now owns 50,665 shares in the company, valued at approximately $10,750,606.35. The trade was a 6.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director J C. Watts, Jr. sold 500 shares of the company’s 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 completion of the sale, the director now directly owns 7,730 shares in the company, valued at approximately $1,686,840.60. The trade was a 6.08 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 14.50% of the company’s stock.

About Paycom Software

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.