Paycom Software, Inc. (NYSE:PAYC) Shares Bought by APG Asset Management N.V.

APG Asset Management N.V. lifted its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 523.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,500 shares of the software maker’s stock after buying an additional 23,092 shares during the period. APG Asset Management N.V.’s holdings in Paycom Software were worth $5,443,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in PAYC. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Paycom Software in the fourth quarter worth $30,000. IFP Advisors Inc boosted its position in 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 purchasing an additional 178 shares during the period. Blue Trust Inc. increased its holdings 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 purchasing an additional 88 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Paycom Software in the third quarter valued at about $79,000. Finally, Huntington National Bank lifted its stake in shares of Paycom Software by 46.5% during the fourth quarter. Huntington National Bank now owns 551 shares of the software maker’s stock worth $113,000 after purchasing an additional 175 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on PAYC shares. Mizuho increased their target price on Paycom Software from $190.00 to $210.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Stifel Nicolaus lowered their price objective 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. Piper Sandler boosted their target price on shares of Paycom Software from $191.00 to $224.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Barclays decreased their target price on shares of Paycom Software from $229.00 to $221.00 and set an “equal weight” rating for the company in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Paycom Software from $185.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Twelve equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $212.80.

Paycom Software Price Performance

Shares of PAYC stock opened at $215.65 on Friday. The firm has a fifty day moving average of $212.70 and a two-hundred day moving average of $206.65. The firm has a market cap of $12.35 billion, a P/E ratio of 24.23, a P/E/G ratio of 2.40 and a beta of 0.97. Paycom Software, Inc. has a 1-year low of $139.50 and a 1-year high of $242.74.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Wednesday, February 12th. The software maker reported $2.02 EPS for the quarter, topping the consensus estimate of $1.99 by $0.03. Paycom Software had a net margin of 26.66% and a return on equity of 33.53%. On average, sell-side analysts expect that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were issued a $0.375 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.70%. Paycom Software’s dividend payout ratio (DPR) is 16.85%.

Insider Activity at Paycom Software

In other news, insider Bradley Scott Smith sold 3,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 28,733 shares of the company’s stock, valued at approximately $5,775,620.33. This represents a 9.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Randall Peck sold 3,600 shares of the stock in a transaction that occurred 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 owns 50,665 shares in the company, valued at $10,750,606.35. The trade was a 6.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,100 shares of company stock valued at $1,476,024. Corporate insiders own 14.50% of the company’s stock.

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.