Mn Services Vermogensbeheer B.V. increased its holdings in Paycom Software, Inc. (NYSE:PAYC – Free Report) by 3.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,200 shares of the software maker’s stock after purchasing an additional 800 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Paycom Software were worth $7,661,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also added to or reduced their stakes in PAYC. Fuller & Thaler Asset Management Inc. purchased a new position in Paycom Software in the 4th quarter worth approximately $26,000. Compagnie Lombard Odier SCmA purchased a new position in Paycom Software in the 4th quarter worth approximately $26,000. Ridgewood Investments LLC purchased a new position in Paycom Software in the 1st quarter worth approximately $26,000. Accurate Wealth Management LLC purchased a new position in Paycom Software in the 4th quarter worth approximately $29,000. Finally, Massmutual Trust Co. FSB ADV increased its stake in Paycom Software by 466.7% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 102 shares of the software maker’s stock worth $31,000 after purchasing an additional 84 shares during the period. 74.73% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the company. TheStreet raised Paycom Software from a “c+” rating to a “b-” rating in a research note on Monday, July 3rd. Citigroup boosted their target price on Paycom Software from $357.00 to $361.00 in a research note on Thursday, May 4th. Mizuho reduced their target price on Paycom Software from $350.00 to $300.00 in a research note on Wednesday, May 3rd. Needham & Company LLC reissued a “buy” rating and set a $450.00 target price on shares of Paycom Software in a research note on Tuesday, March 28th. Finally, BMO Capital Markets boosted their target price on Paycom Software from $289.00 to $302.00 in a research note on Wednesday, May 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $368.53.
Paycom Software Trading Up 2.6 %
Paycom Software (NYSE:PAYC – Get Free Report) last released its earnings results on Tuesday, May 2nd. The software maker reported $2.06 EPS for the quarter, topping the consensus estimate of $2.00 by $0.06. Paycom Software had a return on equity of 26.29% and a net margin of 20.96%. The business had revenue of $451.64 million for the quarter, compared to the consensus estimate of $444.23 million. As a group, equities analysts predict that Paycom Software, Inc. will post 6.2 earnings per share for the current fiscal year.
Paycom Software Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 12th. Shareholders of record on Tuesday, May 30th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.43%. The ex-dividend date was Friday, May 26th. Paycom Software’s dividend payout ratio (DPR) is 28.14%.
Insider Activity
In other news, Director Jason D. Clark sold 430 shares of the company’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $278.99, for a total transaction of $119,965.70. Following the transaction, the director now directly owns 5,100 shares of the company’s stock, valued at $1,422,849. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 14.50% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than Paycom Software
- Delta Takes Flight: Double-Digit Upside In Sight
- Generac Powers Up as Summer Temperatures Rise
- 3 Reasons Why Rivian Can Continue To Surge Higher
- Despite Breaking Higher, Analysts Remain Cautious HP Inc.
- PepsiCo Can Soar To New Highs In The 2nd Half
Receive News & Ratings for Paycom Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paycom Software and related companies with MarketBeat.com's FREE daily email newsletter.
