Securian Asset Management Inc. Sells 414 Shares of Paycom Software, Inc. (NYSE:PAYC)

Securian Asset Management Inc. decreased its position in Paycom Software, Inc. (NYSE:PAYCFree Report) by 11.9% during the 4th quarter, HoldingsChannel reports. The fund owned 3,076 shares of the software maker’s stock after selling 414 shares during the quarter. Securian Asset Management Inc.’s holdings in Paycom Software were worth $636,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Oak Family Advisors LLC bought a new stake in Paycom Software in the 4th quarter valued at approximately $2,994,000. Janney Montgomery Scott LLC lifted its stake in Paycom Software by 26.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 50,315 shares of the software maker’s stock valued at $10,401,000 after acquiring an additional 10,555 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Paycom Software by 4.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 302,544 shares of the software maker’s stock valued at $62,542,000 after acquiring an additional 12,708 shares in the last quarter. National Bank of Canada FI lifted its stake in Paycom Software by 367.8% in the 4th quarter. National Bank of Canada FI now owns 49,541 shares of the software maker’s stock valued at $10,136,000 after acquiring an additional 38,951 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS bought a new stake in shares of Paycom Software during the 4th quarter worth approximately $6,615,000. Institutional investors own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

PAYC has been the topic of a number of analyst reports. Mizuho dropped their price objective on Paycom Software from $185.00 to $170.00 and set a “neutral” rating on the stock in a research note on Monday, May 6th. Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a research note on Thursday, May 2nd. Barclays dropped their price objective on Paycom Software from $193.00 to $184.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 2nd. William Blair reiterated a “market perform” rating on shares of Paycom Software in a research note on Thursday, May 2nd. Finally, BTIG Research started coverage on Paycom Software in a research note on Tuesday, February 6th. They issued a “neutral” rating on the stock. Seventeen equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $246.31.

Get Our Latest Report on Paycom Software

Paycom Software Price Performance

Shares of NYSE PAYC opened at $180.65 on Thursday. The stock’s fifty day moving average price is $188.06 and its two-hundred day moving average price is $188.99. Paycom Software, Inc. has a one year low of $146.15 and a one year high of $374.04. The firm has a market cap of $10.50 billion, a price-to-earnings ratio of 22.00, a P/E/G ratio of 2.82 and a beta of 1.17.

Paycom Software (NYSE:PAYCGet Free Report) last released its earnings results on Wednesday, May 1st. The software maker reported $4.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $2.29. The company had revenue of $499.88 million for the quarter, compared to analyst estimates of $495.89 million. Paycom Software had a return on equity of 32.84% and a net margin of 26.91%. On average, equities analysts anticipate that Paycom Software, Inc. will post 6.16 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders 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 dividend yield of 0.83%. The ex-dividend date of this dividend is Friday, May 24th. Paycom Software’s dividend payout ratio (DPR) is currently 18.27%.

Insider Transactions at Paycom Software

In other news, CEO Chad R. Richison sold 1,950 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $179.78, for a total transaction of $350,571.00. Following the sale, the chief executive officer now directly owns 3,090,008 shares of the company’s stock, valued at approximately $555,521,638.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 14.50% of the stock is currently owned by insiders.

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.

See Also

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. (NYSE:PAYCFree Report).

Institutional Ownership by Quarter for Paycom Software (NYSE:PAYC)

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