Keystone Investors PTE Ltd. Purchases Shares of 1,907 Paycom Software, Inc. (NYSE:PAYC)

Keystone Investors PTE Ltd. acquired a new position in shares of Paycom Software, Inc. (NYSE:PAYC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,907 shares of the software maker’s stock, valued at approximately $391,000.

Several other institutional investors also recently modified their holdings of PAYC. Empowered Funds LLC increased its holdings in shares of Paycom Software by 20.6% in the 3rd quarter. Empowered Funds LLC now owns 2,522 shares of the software maker’s stock worth $420,000 after buying an additional 430 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in Paycom Software by 71.8% in the third quarter. Thrivent Financial for Lutherans now owns 3,497 shares of the software maker’s stock valued at $583,000 after acquiring an additional 1,462 shares during the last quarter. Prospera Financial Services Inc purchased a new stake in Paycom Software during the third quarter valued at about $282,000. First Horizon Advisors Inc. lifted its stake in Paycom Software by 821.7% during the third quarter. First Horizon Advisors Inc. now owns 212 shares of the software maker’s stock worth $35,000 after purchasing an additional 189 shares during the last quarter. Finally, Intech Investment Management LLC boosted its holdings in shares of Paycom Software by 181.1% in the 3rd quarter. Intech Investment Management LLC now owns 4,733 shares of the software maker’s stock worth $788,000 after purchasing an additional 3,049 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

Paycom Software Stock Performance

Shares of PAYC stock opened at $223.43 on Tuesday. The firm has a market cap of $12.79 billion, a P/E ratio of 25.10, a P/E/G ratio of 2.40 and a beta of 1.14. The business’s 50 day moving average price is $210.97 and its 200-day moving average price is $202.19. Paycom Software, Inc. has a fifty-two week low of $139.50 and a fifty-two week high of $242.74.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Wednesday, February 12th. The software maker reported $2.02 earnings per share (EPS) for the quarter, beating 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, equities analysts predict 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. Shareholders of record on Monday, March 10th were issued a $0.375 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.50 annualized dividend and a yield of 0.67%. Paycom Software’s dividend payout ratio (DPR) is presently 16.85%.

Insider Buying and Selling at Paycom Software

In related news, COO Randall Peck sold 3,600 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $212.19, for a total value 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. This represents a 6.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director J C. Watts, Jr. sold 500 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $218.22, for a total value of $109,110.00. Following the transaction, the director now directly owns 7,730 shares of the company’s stock, valued at $1,686,840.60. This represents a 6.08 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,100 shares of company stock valued at $1,476,024. 14.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. TD Cowen boosted their target price on Paycom Software from $193.00 to $248.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Citigroup cut their price objective on shares of Paycom Software from $234.00 to $221.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Mizuho lifted their target price on shares of Paycom Software from $190.00 to $210.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Stifel Nicolaus cut their price target on shares of Paycom Software from $215.00 to $187.00 and set a “hold” rating for the company in a research report on Thursday, February 13th. Finally, StockNews.com downgraded Paycom Software from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Twelve equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $212.80.

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.