Meiji Yasuda Asset Management Co Ltd. purchased a new position in Paycom Software, Inc. (NYSE:PAYC – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,633 shares of the software maker’s stock, valued at approximately $234,000.
A number of other institutional investors have also recently made changes to their positions in PAYC. ARK & TLK Investments LLC bought a new position in Paycom Software in the fourth quarter valued at $2,260,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Paycom Software by 29.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 64,560 shares of the software maker’s stock valued at $12,848,000 after purchasing an additional 14,670 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Paycom Software by 17.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 59,242 shares of the software maker’s stock valued at $11,790,000 after buying an additional 8,927 shares in the last quarter. Norges Bank bought a new stake in Paycom Software in the 4th quarter worth approximately $6,670,000. Finally, Sylebra Capital LLC bought a new stake in Paycom Software in the 1st quarter worth approximately $253,196,000. Institutional investors own 87.77% of the company’s stock.
Insider Buying and Selling at Paycom Software
In other news, CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $140.20, for a total value of $273,390.00. Following the sale, the chief executive officer now directly owns 3,023,708 shares of the company’s stock, valued at approximately $423,923,861.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Paycom Software news, CFO Craig E. Boelte sold 11,882 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $155.98, for a total transaction of $1,853,354.36. Following the completion of the sale, the chief financial officer now directly owns 294,849 shares in the company, valued at approximately $45,990,547.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $140.20, for a total transaction of $273,390.00. Following the completion of the transaction, the chief executive officer now directly owns 3,023,708 shares of the company’s stock, valued at $423,923,861.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 73,856 shares of company stock valued at $11,532,113. Corporate insiders own 14.50% of the company’s stock.
Analyst Ratings Changes
Check Out Our Latest Stock Report on Paycom Software
Paycom Software Price Performance
PAYC stock opened at $170.24 on Friday. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $279.96. The firm has a 50-day moving average of $162.09 and a 200 day moving average of $168.24. The company has a market cap of $9.89 billion, a P/E ratio of 20.74, a PEG ratio of 2.39 and a beta of 1.17.
Paycom Software (NYSE:PAYC – Get Free Report) last announced its earnings results on Wednesday, July 31st. The software maker reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.07. The firm had revenue of $437.51 million during the quarter, compared to analyst estimates of $436.19 million. Paycom Software had a return on equity of 33.36% and a net margin of 26.55%. On average, equities research analysts expect that Paycom Software, Inc. will post 6.67 earnings per share for the current fiscal year.
Paycom Software Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Monday, August 26th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend was Monday, August 26th. Paycom Software’s dividend payout ratio (DPR) is presently 18.27%.
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.
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