Amiral Gestion Purchases 53,787 Shares of Paycom Software, Inc. $PAYC

Amiral Gestion raised its position in Paycom Software, Inc. (NYSE:PAYC) by 192.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 81,766 shares of the software maker’s stock after acquiring an additional 53,787 shares during the period. Paycom Software makes up about 6.2% of Amiral Gestion’s holdings, making the stock its 6th largest position. Amiral Gestion’s holdings in Paycom Software were worth $17,019,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. CYBER HORNET ETFs LLC bought a new position in shares of Paycom Software in the 2nd quarter worth $29,000. MUFG Securities EMEA plc bought a new stake in Paycom Software during the 2nd quarter worth approximately $33,000. Assetmark Inc. lifted its stake in Paycom Software by 651.9% during the 2nd quarter. Assetmark Inc. now owns 203 shares of the software maker’s stock valued at $47,000 after acquiring an additional 176 shares in the last quarter. Employees Retirement System of Texas purchased a new stake in shares of Paycom Software during the second quarter valued at approximately $55,000. Finally, Brooklyn Investment Group boosted its holdings in shares of Paycom Software by 19.4% in the 1st quarter. Brooklyn Investment Group now owns 240 shares of the software maker’s stock worth $52,000 after buying an additional 39 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Paycom Software Stock Down 1.7%

NYSE PAYC opened at $164.07 on Friday. The firm has a market capitalization of $9.23 billion, a P/E ratio of 20.41, a PEG ratio of 1.81 and a beta of 0.84. Paycom Software, Inc. has a 52 week low of $156.50 and a 52 week high of $267.76. The company has a 50-day moving average price of $175.93 and a 200-day moving average price of $209.91.

Paycom Software (NYSE:PAYC) last released its earnings results on Wednesday, November 5th. The software maker reported $1.94 earnings per share for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.02). The firm had revenue of $493.30 million for the quarter, compared to analysts’ expectations of $492.62 million. Paycom Software had a net margin of 22.65% and a return on equity of 24.79%. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.67 EPS. As a group, equities research analysts anticipate that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, November 24th were given a dividend of $0.375 per share. The ex-dividend date was Monday, November 24th. This represents a $1.50 annualized dividend and a dividend yield of 0.9%. Paycom Software’s dividend payout ratio (DPR) is presently 18.66%.

Analyst Ratings Changes

A number of brokerages recently commented on PAYC. TD Cowen dropped their price target on shares of Paycom Software from $258.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Zacks Research upgraded shares of Paycom Software from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 20th. BTIG Research assumed coverage on shares of Paycom Software in a research note on Wednesday. They issued a “buy” rating and a $195.00 price target for the company. Mizuho dropped their price objective on shares of Paycom Software from $220.00 to $180.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Finally, UBS Group reduced their price objective on Paycom Software from $285.00 to $245.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, Paycom Software presently has a consensus rating of “Hold” and an average target price of $223.57.

Insider Activity at Paycom Software

In other Paycom Software news, CFO Robert D. Foster sold 1,300 shares of Paycom Software stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $162.66, for a total value of $211,458.00. Following the completion of the transaction, the chief financial officer directly owned 14,747 shares of the company’s stock, valued at $2,398,747.02. This trade represents a 8.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 10.90% of the company’s stock.

About Paycom Software

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.