DSM Capital Partners LLC Decreases Position in Paycom Software, Inc. (NYSE:PAYC)

DSM Capital Partners LLC trimmed its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 8.4% during the fourth quarter, Holdings Channel reports. The firm owned 212,332 shares of the software maker’s stock after selling 19,383 shares during the quarter. Paycom Software comprises approximately 0.7% of DSM Capital Partners LLC’s holdings, making the stock its 25th biggest position. DSM Capital Partners LLC’s holdings in Paycom Software were worth $43,893,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of PAYC. Vanguard Group Inc. lifted its position in shares of Paycom Software by 0.6% in the third quarter. Vanguard Group Inc. now owns 5,799,327 shares of the software maker’s stock valued at $1,503,592,000 after acquiring an additional 32,038 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Paycom Software by 18.8% in the third quarter. American Century Companies Inc. now owns 1,139,511 shares of the software maker’s stock valued at $295,441,000 after acquiring an additional 180,202 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of Paycom Software by 6.0% in the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 905,783 shares of the software maker’s stock valued at $172,316,000 after acquiring an additional 50,879 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Paycom Software by 16,173.6% in the fourth quarter. International Assets Investment Management LLC now owns 787,803 shares of the software maker’s stock valued at $162,855,000 after acquiring an additional 782,962 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Paycom Software by 3.8% in the third quarter. Northern Trust Corp now owns 538,282 shares of the software maker’s stock valued at $139,560,000 after acquiring an additional 19,900 shares in the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. William Blair restated a “market perform” rating on shares of Paycom Software in a research report on Thursday, May 2nd. BTIG Research began coverage on Paycom Software in a research report on Tuesday, February 6th. They set a “neutral” rating on the stock. BMO Capital Markets reduced their target price on Paycom Software from $200.00 to $190.00 and set a “market perform” rating on the stock in a research report on Thursday, May 2nd. Piper Sandler increased their target price on Paycom Software from $185.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. Finally, Barclays reduced their target price on Paycom Software from $193.00 to $184.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 2nd. Seventeen investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $246.31.

Paycom Software Trading Down 1.9 %

PAYC traded down $3.38 on Friday, hitting $170.68. 759,251 shares of the stock traded hands, compared to its average volume of 763,989. Paycom Software, Inc. has a 52 week low of $146.15 and a 52 week high of $374.04. The firm has a market capitalization of $9.92 billion, a PE ratio of 20.79, a P/E/G ratio of 2.63 and a beta of 1.17. The business has a fifty day moving average price of $187.37 and a two-hundred day moving average price of $189.11.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Wednesday, May 1st. The software maker reported $4.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $2.29. The company had revenue of $499.88 million for the quarter, compared to the consensus estimate of $495.89 million. Paycom Software had a return on equity of 32.84% and a net margin of 26.91%. On average, equities research analysts forecast that Paycom Software, Inc. will post 6.26 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Tuesday, May 28th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.88%. The ex-dividend date is Friday, May 24th. Paycom Software’s dividend payout ratio is 18.27%.

Insiders Place Their Bets

In related news, CEO Chad R. Richison sold 1,950 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $179.78, for a total value of $350,571.00. Following the completion of the sale, the chief executive officer now owns 3,090,008 shares in the company, valued at approximately $555,521,638.24. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last quarter, insiders have sold 5,850 shares of company stock valued at $1,048,223. 14.50% of the stock is currently owned by corporate 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.