Paycom Software, Inc. $PAYC Stake Boosted by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 12.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 15,360 shares of the software maker’s stock after purchasing an additional 1,700 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Paycom Software were worth $3,554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas lifted its stake in Paycom Software by 13.3% during the second quarter. Teacher Retirement System of Texas now owns 27,348 shares of the software maker’s stock worth $6,328,000 after purchasing an additional 3,201 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its stake in Paycom Software by 674.7% during the second quarter. Y Intercept Hong Kong Ltd now owns 7,848 shares of the software maker’s stock worth $1,816,000 after purchasing an additional 6,835 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Paycom Software by 88.1% during the second quarter. Nisa Investment Advisors LLC now owns 14,658 shares of the software maker’s stock worth $3,392,000 after purchasing an additional 6,866 shares during the last quarter. Brighton Jones LLC lifted its stake in Paycom Software by 5.5% during the second quarter. Brighton Jones LLC now owns 3,148 shares of the software maker’s stock worth $728,000 after purchasing an additional 165 shares during the last quarter. Finally, AlphaQuest LLC lifted its stake in Paycom Software by 69.8% during the second quarter. AlphaQuest LLC now owns 1,027 shares of the software maker’s stock worth $238,000 after purchasing an additional 422 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Paycom Software

In related news, insider Bradley Scott Smith sold 1,500 shares of Paycom Software stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $223.27, for a total transaction of $334,905.00. Following the sale, the insider directly owned 24,533 shares in the company, valued at $5,477,482.91. The trade was a 5.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 10.90% of the stock is currently owned by corporate insiders.

Paycom Software Stock Down 0.7%

Shares of NYSE PAYC opened at $185.17 on Friday. Paycom Software, Inc. has a fifty-two week low of $184.72 and a fifty-two week high of $267.76. The firm’s 50-day simple moving average is $212.00 and its 200 day simple moving average is $227.78. The stock has a market cap of $10.72 billion, a P/E ratio of 25.06, a P/E/G ratio of 2.06 and a beta of 0.82.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.28. Paycom Software had a net margin of 21.22% and a return on equity of 25.40%. The business had revenue of $483.60 million for the quarter, compared to analysts’ expectations of $472.00 million. During the same period in the previous year, the business earned $1.62 earnings per share. The company’s revenue was up 10.5% on a year-over-year basis. On average, sell-side analysts anticipate that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 8th. Investors of record on Monday, August 25th were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, August 25th. Paycom Software’s payout ratio is currently 20.30%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PAYC shares. UBS Group reduced their price objective on Paycom Software from $310.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, September 17th. BMO Capital Markets increased their price objective on shares of Paycom Software from $244.00 to $258.00 and gave the stock a “market perform” rating in a report on Thursday, August 7th. Jefferies Financial Group cut their price objective on shares of Paycom Software from $250.00 to $225.00 and set a “hold” rating on the stock in a research report on Monday, October 13th. Cantor Fitzgerald upgraded shares of Paycom Software to a “hold” rating in a research report on Thursday, September 11th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Paycom Software in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $243.69.

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.