Marshall Wace LLP Makes New $1.87 Million Investment in Paycom Software, Inc. (NYSE:PAYC)

Marshall Wace LLP purchased a new position in shares of Paycom Software, Inc. (NYSE:PAYC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,052 shares of the software maker’s stock, valued at approximately $1,867,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Mather Group LLC. bought a new position in Paycom Software during the 1st quarter worth about $26,000. Palisade Asset Management LLC bought a new position in shares of Paycom Software during the first quarter valued at approximately $32,000. Ashton Thomas Private Wealth LLC purchased a new position in Paycom Software during the second quarter valued at approximately $25,000. MFA Wealth Advisors LLC bought a new position in Paycom Software in the second quarter worth approximately $26,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in Paycom Software during the 2nd quarter worth $27,000. 87.77% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Craig E. Boelte sold 11,882 shares of Paycom Software stock in a transaction on Monday, August 12th. The shares were sold at an average price of $155.98, for a total value of $1,853,354.36. Following the sale, the chief financial officer now owns 294,849 shares of the company’s stock, valued at approximately $45,990,547.02. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Craig E. Boelte sold 11,882 shares of Paycom Software stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $155.98, for a total value of $1,853,354.36. Following the sale, the chief financial officer now directly owns 294,849 shares in the company, valued at approximately $45,990,547.02. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Chad R. Richison sold 1,950 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $166.62, for a total value of $324,909.00. Following the transaction, the chief executive officer now directly owns 2,791,410 shares of the company’s stock, valued at $465,104,734.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 73,856 shares of company stock worth $11,841,695 over the last three months. 14.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Citigroup decreased their price target on Paycom Software from $193.00 to $162.00 and set a “neutral” rating for the company in a research note on Tuesday, June 18th. Barclays increased their price objective on shares of Paycom Software from $161.00 to $167.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. Needham & Company LLC reissued a “hold” rating on shares of Paycom Software in a research report on Thursday, August 1st. TD Cowen raised their price target on shares of Paycom Software from $171.00 to $188.00 and gave the stock a “hold” rating in a report on Monday, September 23rd. Finally, StockNews.com lowered shares of Paycom Software from a “buy” rating to a “hold” rating in a report on Monday, July 15th. Seventeen analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $179.75.

Paycom Software Price Performance

Shares of NYSE PAYC opened at $167.98 on Friday. The firm’s 50 day simple moving average is $163.73 and its 200-day simple moving average is $167.17. Paycom Software, Inc. has a 12 month low of $139.50 and a 12 month high of $279.96. The stock has a market capitalization of $9.76 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 2.37 and a beta of 1.17.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Wednesday, July 31st. The software maker reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.07. Paycom Software had a net margin of 26.55% and a return on equity of 33.36%. The business had revenue of $437.51 million during the quarter, compared to the consensus estimate of $436.19 million. Analysts anticipate 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 annualized dividend and a yield of 0.89%. The ex-dividend date was Monday, August 26th. Paycom Software’s payout ratio is currently 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.