Nomura Asset Management Co. Ltd. Purchases 172 Shares of Paycom Software, Inc. (NYSE:PAYC)

Nomura Asset Management Co. Ltd. increased its position in Paycom Software, Inc. (NYSE:PAYC) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,127 shares of the software maker’s stock after purchasing an additional 172 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Paycom Software were worth $3,101,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp bought a new stake in Paycom Software in the fourth quarter valued at approximately $30,000. IFP Advisors Inc increased its holdings in shares of Paycom Software by 635.7% during the 4th quarter. IFP Advisors Inc now owns 206 shares of the software maker’s stock worth $43,000 after acquiring an additional 178 shares during the last quarter. Blue Trust Inc. raised its stake in Paycom Software by 33.3% in the 4th quarter. Blue Trust Inc. now owns 352 shares of the software maker’s stock valued at $72,000 after acquiring an additional 88 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Paycom Software during the 3rd quarter valued at $79,000. Finally, Private Trust Co. NA boosted its position in Paycom Software by 9.3% during the fourth quarter. Private Trust Co. NA now owns 575 shares of the software maker’s stock worth $118,000 after purchasing an additional 49 shares during the period. 87.77% of the stock is owned by institutional investors.

Paycom Software Stock Down 1.1 %

PAYC opened at $218.58 on Thursday. Paycom Software, Inc. has a twelve month low of $139.50 and a twelve month high of $242.74. The stock has a market capitalization of $12.52 billion, a price-to-earnings ratio of 24.56, a P/E/G ratio of 2.40 and a beta of 0.97. The company has a 50-day simple moving average of $212.94 and a 200 day simple moving average of $204.67.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings results 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%. Sell-side analysts anticipate that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a $0.375 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.50 annualized dividend and a dividend yield of 0.69%. Paycom Software’s payout ratio is 16.85%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PAYC. Citigroup cut their target price 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. TD Cowen raised their price objective on shares of Paycom Software from $193.00 to $248.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. JPMorgan Chase & Co. upped their target price on Paycom Software from $185.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Needham & Company LLC restated a “hold” rating on shares of Paycom Software in a research note on Thursday, February 13th. Finally, Piper Sandler increased their price objective on Paycom Software from $191.00 to $224.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Twelve research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Paycom Software has a consensus rating of “Hold” and a consensus price target of $212.80.

Insider Transactions at Paycom Software

In related news, insider Bradley Scott Smith sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $201.01, for a total transaction of $603,030.00. Following the completion of the transaction, the insider now directly owns 28,733 shares in the company, valued at $5,775,620.33. This represents a 9.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director J C. Watts, Jr. sold 500 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $218.22, for a total transaction of $109,110.00. Following the completion of the sale, the director now owns 7,730 shares in the company, 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 quarter, insiders sold 7,100 shares of company stock valued at $1,476,024. Corporate insiders own 12.60% of the company’s stock.

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.