V Square Quantitative Management LLC Purchases 84 Shares of Paycom Software, Inc. (NYSE:PAYC)

V Square Quantitative Management LLC increased its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 5.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,678 shares of the software maker’s stock after purchasing an additional 84 shares during the period. V Square Quantitative Management LLC’s holdings in Paycom Software were worth $280,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Sylebra Capital LLC increased its stake in Paycom Software by 53.9% in the second quarter. Sylebra Capital LLC now owns 1,957,468 shares of the software maker’s stock worth $279,996,000 after purchasing an additional 685,190 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in Paycom Software by 9.4% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,069,104 shares of the software maker’s stock worth $152,925,000 after acquiring an additional 92,049 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in Paycom Software by 14.5% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 626,646 shares of the software maker’s stock worth $124,709,000 after acquiring an additional 79,299 shares in the last quarter. Federated Hermes Inc. raised its stake in shares of Paycom Software by 1,011.2% during the second quarter. Federated Hermes Inc. now owns 581,964 shares of the software maker’s stock valued at $83,244,000 after acquiring an additional 529,591 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Paycom Software by 6.3% in the second quarter. Bank of New York Mellon Corp now owns 455,271 shares of the software maker’s stock valued at $65,122,000 after purchasing an additional 26,934 shares during the period. 87.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PAYC. StockNews.com cut Paycom Software from a “buy” rating to a “hold” rating in a research note on Monday, July 15th. Barclays lifted their price objective on Paycom Software from $167.00 to $172.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. TD Cowen increased their target price 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. Jefferies Financial Group reduced their price target on shares of Paycom Software from $170.00 to $145.00 and set a “hold” rating for the company in a report on Monday, June 24th. Finally, Needham & Company LLC restated a “hold” rating on shares of Paycom Software in a report on Thursday, August 1st. Seventeen equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Paycom Software presently has an average rating of “Hold” and an average price target of $180.17.

Insiders Place Their Bets

In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the firm’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $163.51, for a total value of $318,844.50. Following the completion of the transaction, the chief executive officer now owns 2,770,410 shares of the company’s stock, valued at approximately $452,989,739.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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 transaction of $1,853,354.36. Following the completion of the sale, the chief financial officer now owns 294,849 shares of the company’s stock, valued at $45,990,547.02. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Chad R. Richison sold 1,950 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $163.51, for a total transaction of $318,844.50. Following the completion of the transaction, the chief executive officer now owns 2,770,410 shares in the company, valued at approximately $452,989,739.10. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 69,956 shares of company stock valued at $11,375,450. Insiders own 14.50% of the company’s stock.

Paycom Software Trading Up 0.4 %

Shares of PAYC opened at $165.89 on Monday. The firm has a market cap of $9.64 billion, a PE ratio of 20.21, a P/E/G ratio of 2.33 and a beta of 1.17. Paycom Software, Inc. has a 12 month low of $139.50 and a 12 month high of $272.33. The stock has a fifty day moving average price of $164.19 and a 200-day moving average price of $164.59.

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Wednesday, July 31st. The software maker reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.07. Paycom Software had a return on equity of 33.36% and a net margin of 26.55%. The company had revenue of $437.51 million during the quarter, compared to analysts’ expectations of $436.19 million. As a group, research analysts forecast that Paycom Software, Inc. will post 6.67 EPS for the current year.

Paycom Software Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Monday, August 26th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend was Monday, August 26th. Paycom Software’s dividend payout ratio (DPR) is presently 18.27%.

Paycom Software 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.