2 weeks Ago By Defense World Staff
Dimensional Fund Advisors LP boosted its position in Paycom Software, Inc. ( NYSE:PAYC – Free Report ) by 4.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The fund owned 262,803 shares of the software maker’s stock after buying an additional 10,204 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.45% of Paycom Software worth $37,591,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Plato Investment Management Ltd lifted its position in shares of Paycom Software by 10,944.4% in the 2nd quarter.
Plato Investment Management Ltd now owns 1,988 shares of the software maker’s stock worth $284,000 after buying an additional 1,970 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Paycom Software by 33.
4% in the second quarter. Envestnet Asset Management Inc. now owns 285,349 shares of the software maker’s stock worth $40,816,000 after acquiring an additional 71,384 shares during the last quarter.
Oppenheimer Asset Management Inc. lifted its holdings in Paycom Software by 58.7% in the second quarter.
Oppenheimer Asset Management Inc. now owns 76,420 shares of the software maker’s stock worth $10,931,000 after acquiring an additional 28,262 shares during the last quarter. Wrapmanager Inc.
acquired a new position in Paycom Software in the second quarter valued at approximately $303,000. Finally, Federated Hermes Inc. grew its holdings in shares of Paycom Software by 1,011.
2% during the second quarter. Federated Hermes Inc. now owns 581,964 shares of the software maker’s stock valued at $83,244,000 after purchasing an additional 529,591 shares during the last quarter.
Institutional investors and hedge funds own 87.77% of the company’s stock. Wall Street Analysts Forecast Growth A number of research analysts recently issued reports on the company.
TD Cowen boosted their price objective on Paycom Software from $171.00 to $188.00 and gave the company a “hold” rating in a research report on Monday, September 23rd.
Barclays boosted their price target on shares of Paycom Software from $161.00 to $167.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st.
StockNews.com cut shares of Paycom Software from a “buy” rating to a “hold” rating in a report on Monday, July 15th. Citigroup reduced their target price on shares of Paycom Software from $193.
00 to $162.00 and set a “neutral” rating for the company in a research note on Tuesday, June 18th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Paycom Software in a report on Thursday, August 1st.
Seventeen research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $179.75.
Insider Activity at Paycom Software In other Paycom Software news, CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $168.
27, for a total transaction of $328,126.50. Following the sale, the chief executive officer now owns 2,797,260 shares in the company, valued at approximately $470,694,940.
20. The transaction was disclosed in a filing with the SEC, which is available through this link . In other news, CFO Craig E.
Boelte sold 11,882 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $155.98, for a total value of $1,853,354.
36. Following the completion of the sale, the chief financial officer now owns 294,849 shares of the company’s stock, valued at $45,990,547.02.
The sale was disclosed in a legal filing with the SEC, which is accessible through this link . Also, CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction on Friday, September 27th.
The shares were sold at an average price of $168.27, for a total value of $328,126.50.
Following the transaction, the chief executive officer now owns 2,797,260 shares in the company, valued at approximately $470,694,940.20. The disclosure for this sale can be found here .
Insiders sold 73,856 shares of company stock worth $11,747,491 in the last quarter. 14.50% of the stock is owned by company insiders.
Paycom Software Trading Down 0.7 % Shares of Paycom Software stock opened at $166.57 on Tuesday.
Paycom Software, Inc. has a 52 week low of $139.50 and a 52 week high of $279.
96. The company’s 50-day moving average price is $163.26 and its two-hundred day moving average price is $167.
67. The stock has a market cap of $9.68 billion, a PE ratio of 20.
29, a price-to-earnings-growth ratio of 2.46 and a beta of 1.17.
Paycom Software ( NYSE:PAYC – Get Free Report ) last posted its quarterly earnings results on Wednesday, July 31st. The software maker reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.
13 by $0.07. Paycom Software had a net margin of 26.
55% and a return on equity of 33.36%. The firm had revenue of $437.
51 million for the quarter, compared to analyst estimates of $436.19 million. On average, equities analysts predict that Paycom Software, Inc.
will post 6.67 EPS for the current fiscal year. Paycom Software Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Monday, September 9th.
Stockholders of record on Monday, August 26th were issued a dividend of $0.375 per share. This represents a $1.
50 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Monday, August 26th.
Paycom Software’s dividend payout ratio is 18.27%. Paycom Software Company Profile ( Free Report ) 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. Read More Five stocks we like better than Paycom Software Low PE Growth Stocks: Unlocking Investment Opportunities TJX Stock: A Buying Opportunity Before the Holiday Rush Utilities Stocks Explained – How and Why to Invest in Utilities Micron’s Blowout Results Pave the Way for Seagate’s Stock Surge Consumer Discretionary Stocks Explained Zeta Global’s AI Cloud: Your Secret Weapon for Massive Growth Want to see what other hedge funds are holding PAYC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Paycom Software, Inc.
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