16,562 Shares in Paycom Software, Inc. (NYSE:PAYC) Acquired by Lansforsakringar Fondforvaltning AB publ

Lansforsakringar Fondforvaltning AB publ bought a new position in Paycom Software, Inc. (NYSE:PAYC) in the 4th quarter, Holdings Channel reports. The fund bought 16,562 shares of the software maker’s stock, valued at approximately $3,395,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Private Trust Co. NA increased its holdings in Paycom Software by 9.3% in the 4th quarter. Private Trust Co. NA now owns 575 shares of the software maker’s stock worth $118,000 after acquiring an additional 49 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in Paycom Software by 1.8% during the 4th quarter. Oppenheimer & Co. Inc. now owns 2,939 shares of the software maker’s stock valued at $602,000 after buying an additional 51 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in Paycom Software by 1.1% during the 4th quarter. Benjamin Edwards Inc. now owns 5,502 shares of the software maker’s stock valued at $1,128,000 after buying an additional 60 shares in the last quarter. Fiduciary Trust Co grew its holdings in Paycom Software by 1.6% during the 4th quarter. Fiduciary Trust Co now owns 4,495 shares of the software maker’s stock valued at $921,000 after buying an additional 71 shares in the last quarter. Finally, Valley National Advisers Inc. grew its holdings in Paycom Software by 0.7% during the 4th quarter. Valley National Advisers Inc. now owns 10,702 shares of the software maker’s stock valued at $2,192,000 after buying an additional 72 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Paycom Software Stock Performance

NYSE PAYC opened at $255.47 on Friday. The company has a market capitalization of $14.78 billion, a P/E ratio of 28.70, a P/E/G ratio of 2.40 and a beta of 0.80. Paycom Software, Inc. has a one year low of $139.50 and a one year high of $262.80. The stock has a 50 day moving average price of $230.63 and a 200-day moving average price of $220.53.

Paycom Software (NYSE:PAYC) last posted its earnings results on Wednesday, May 7th. The software maker reported $2.80 EPS for the quarter, beating analysts’ consensus estimates of $2.62 by $0.18. The firm had revenue of $530.50 million during the quarter, compared to the consensus estimate of $522.92 million. Paycom Software had a return on equity of 33.53% and a net margin of 26.66%. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.59 EPS. As a group, equities analysts predict that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 9th. Stockholders of record on Tuesday, May 27th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.59%. Paycom Software’s dividend payout ratio is currently 21.40%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of Paycom Software from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Barclays increased their price objective on shares of Paycom Software from $221.00 to $240.00 and gave the company an “equal weight” rating in a report on Thursday, May 8th. BMO Capital Markets increased their price objective on shares of Paycom Software from $215.00 to $244.00 and gave the company a “market perform” rating in a report on Thursday, May 8th. KeyCorp increased their price objective on shares of Paycom Software from $245.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Paycom Software from $185.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Eleven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $226.90.

Insider Activity

In other Paycom Software news, CEO Chad R. Richison sold 26,426 shares of Paycom Software stock in a transaction on Monday, May 12th. The shares were sold at an average price of $255.52, for a total transaction of $6,752,371.52. Following the completion of the transaction, the chief executive officer now directly owns 3,277,249 shares of the company’s stock, valued at $837,402,664.48. The trade was a 0.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bradley Scott Smith sold 3,000 shares of Paycom Software stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $201.01, for a total transaction 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 149,426 shares of company stock worth $36,577,802. 10.90% of the stock is currently owned by insiders.

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.