6,252 Shares in Paycom Software, Inc. (NYSE:PAYC) Purchased by Diversified Trust Co

Diversified Trust Co purchased a new position in Paycom Software, Inc. (NYSE:PAYC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,252 shares of the software maker’s stock, valued at approximately $894,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of PAYC. Louisiana State Employees Retirement System bought a new position in Paycom Software during the 4th quarter worth approximately $620,000. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Paycom Software by 0.3% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 129,688 shares of the software maker’s stock worth $26,809,000 after purchasing an additional 340 shares during the last quarter. Vontobel Holding Ltd. increased its stake in shares of Paycom Software by 19.3% in the fourth quarter. Vontobel Holding Ltd. now owns 4,790 shares of the software maker’s stock worth $990,000 after buying an additional 774 shares during the period. Mackenzie Financial Corp raised its holdings in Paycom Software by 176.7% during the 4th quarter. Mackenzie Financial Corp now owns 12,111 shares of the software maker’s stock valued at $2,504,000 after buying an additional 7,734 shares during the last quarter. Finally, Everence Capital Management Inc. raised its holdings in Paycom Software by 36.6% during the 4th quarter. Everence Capital Management Inc. now owns 2,610 shares of the software maker’s stock valued at $540,000 after buying an additional 700 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

Paycom Software Stock Down 1.3 %

Paycom Software stock traded down $1.97 during midday trading on Wednesday, reaching $154.68. 28,850 shares of the stock traded hands, compared to its average volume of 855,498. The stock’s fifty day moving average is $150.73 and its 200-day moving average is $173.06. Paycom Software, Inc. has a 12 month low of $139.50 and a 12 month high of $299.00. The stock has a market cap of $8.99 billion, a P/E ratio of 19.08, a PEG ratio of 2.20 and a beta of 1.16.

Paycom Software Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 9th. Shareholders of record on Monday, August 26th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.97%. The ex-dividend date is Monday, August 26th. Paycom Software’s dividend payout ratio (DPR) is presently 18.27%.

Insider Transactions at Paycom Software

In other news, CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $155.63, for a total transaction of $303,478.50. Following the completion of the sale, the chief executive officer now owns 2,978,858 shares of the company’s stock, valued at $463,599,670.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $155.63, for a total transaction of $303,478.50. Following the completion of the transaction, the chief executive officer now owns 2,978,858 shares in the company, valued at approximately $463,599,670.54. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jason D. Clark sold 906 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $143.61, for a total transaction of $130,110.66. Following the sale, the insider now directly owns 43,367 shares of the company’s stock, valued at approximately $6,227,934.87. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 68,161 shares of company stock worth $10,516,114. 14.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. William Blair reissued a “market perform” rating on shares of Paycom Software in a research note on Thursday, May 2nd. Barclays upped their target price on shares of Paycom Software from $161.00 to $167.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. BMO Capital Markets reduced their target price on Paycom Software from $200.00 to $190.00 and set a “market perform” rating for the company in a report on Thursday, May 2nd. JPMorgan Chase & Co. raised their price target on shares of Paycom Software from $165.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Finally, Jefferies Financial Group cut their target price on shares of Paycom Software from $170.00 to $145.00 and set a “hold” rating for the company in a research report on Monday, June 24th. Seventeen analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $178.33.

Paycom Software 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.