Dimensional Fund Advisors LP Acquires 51,317 Shares of Paycom Software, Inc. (NYSE:PAYC)

Dimensional Fund Advisors LP raised its holdings in Paycom Software, Inc. (NYSE:PAYC) by 20.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 300,538 shares of the software maker’s stock after purchasing an additional 51,317 shares during the period. Dimensional Fund Advisors LP owned 0.52% of Paycom Software worth $61,603,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. JPMorgan Chase & Co. grew its stake in Paycom Software by 14.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 326,018 shares of the software maker’s stock valued at $54,305,000 after buying an additional 41,187 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Paycom Software in the fourth quarter valued at $7,142,000. Glenview Trust co raised its stake in shares of Paycom Software by 27.1% during the 4th quarter. Glenview Trust co now owns 12,294 shares of the software maker’s stock valued at $2,520,000 after purchasing an additional 2,625 shares during the period. Nordea Investment Management AB lifted its holdings in Paycom Software by 3.5% during the 4th quarter. Nordea Investment Management AB now owns 204,377 shares of the software maker’s stock worth $41,952,000 after purchasing an additional 6,916 shares in the last quarter. Finally, Friedenthal Financial bought a new position in Paycom Software in the 4th quarter worth about $776,000. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Paycom Software

In related news, insider Bradley Scott Smith sold 3,000 shares of Paycom Software stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $201.01, for a total value of $603,030.00. Following the transaction, the insider now directly owns 28,733 shares of the company’s stock, valued at $5,775,620.33. The trade was a 9.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Randall Peck sold 3,600 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $212.19, for a total transaction of $763,884.00. Following the sale, the chief operating officer now directly owns 50,665 shares of the company’s stock, valued at $10,750,606.35. The trade was a 6.63 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,100 shares of company stock worth $1,476,024. Company insiders own 10.90% of the company’s stock.

Paycom Software Price Performance

NYSE:PAYC opened at $227.65 on Friday. The company has a market capitalization of $13.17 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 2.40 and a beta of 0.97. The business has a 50 day moving average of $215.78 and a 200 day moving average of $211.72. Paycom Software, Inc. has a 1-year low of $139.50 and a 1-year high of $242.74.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data 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%. As a group, sell-side analysts anticipate 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 was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a dividend of $0.375 per share. The ex-dividend date was Monday, March 10th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.66%. Paycom Software’s dividend payout ratio (DPR) is currently 16.85%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PAYC. KeyCorp raised shares of Paycom Software from a “sector weight” rating to an “overweight” rating and set a $245.00 price target on the stock in a report on Monday, March 10th. StockNews.com cut shares of Paycom Software from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. JPMorgan Chase & Co. boosted their price target on shares of Paycom Software from $185.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Barclays lowered their price objective on Paycom Software from $229.00 to $221.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 23rd. Finally, Citigroup reduced their target price on Paycom Software from $234.00 to $221.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Twelve analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $212.80.

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.