Paycom Software, Inc. $PAYC Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 108.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 308,393 shares of the software maker’s stock after buying an additional 160,185 shares during the period. Robeco Institutional Asset Management B.V. owned 0.68% of Paycom Software worth $67,122,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of PAYC. Archford Capital Strategies LLC boosted its stake in Paycom Software by 1.1% in the second quarter. Archford Capital Strategies LLC now owns 4,684 shares of the software maker’s stock valued at $589,000 after acquiring an additional 49 shares during the period. CX Institutional grew its holdings in shares of Paycom Software by 4.7% during the third quarter. CX Institutional now owns 1,399 shares of the software maker’s stock valued at $304,000 after purchasing an additional 63 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Paycom Software by 2.6% during the third quarter. Versant Capital Management Inc now owns 2,689 shares of the software maker’s stock valued at $585,000 after purchasing an additional 69 shares during the last quarter. Elevation Wealth Partners LLC grew its holdings in shares of Paycom Software by 76.5% during the third quarter. Elevation Wealth Partners LLC now owns 233 shares of the software maker’s stock valued at $51,000 after purchasing an additional 101 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Paycom Software by 32.1% during the first quarter. EverSource Wealth Advisors LLC now owns 424 shares of the software maker’s stock valued at $52,000 after purchasing an additional 103 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Paycom Software Trading Up 4.6%

Shares of PAYC stock opened at $272.94 on Friday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.07 and a current ratio of 1.07. Paycom Software, Inc. has a 1 year low of $104.90 and a 1 year high of $273.37. The stock has a fifty day moving average of $230.58 and a two-hundred day moving average of $172.91. The firm has a market capitalization of $12.30 billion, a PE ratio of 29.01, a price-to-earnings-growth ratio of 1.40 and a beta of 0.82.

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Wednesday, August 5th. The software maker reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.38 by $0.40. The company had revenue of $531.20 million during the quarter, compared to analysts’ expectations of $513.12 million. Paycom Software had a return on equity of 37.06% and a net margin of 22.78%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.06 earnings per share. As a group, research analysts expect that Paycom Software, Inc. will post 10.80 EPS for the current year.

Paycom Software Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 24th were given a $0.3750 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, August 24th. Paycom Software’s dividend payout ratio is currently 15.94%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price target on Paycom Software from $140.00 to $264.00 and gave the stock a “neutral” rating in a report on Tuesday, August 25th. Guggenheim boosted their price objective on Paycom Software from $180.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Citigroup upped their price objective on Paycom Software from $136.00 to $194.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. BTIG Research upped their price objective on Paycom Software from $160.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, BMO Capital Markets increased their target price on Paycom Software from $145.00 to $208.00 and gave the stock a “market perform” rating in a research report on Thursday, August 6th. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $219.79.

Insider Transactions at Paycom Software

In related news, insider Shane Hadlock sold 2,577 shares of the stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $237.60, for a total value of $612,295.20. Following the completion of the transaction, the insider owned 70,152 shares in the company, valued at $16,668,115.20. This represents a 3.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 13.20% of the stock is owned by corporate insiders.

About Paycom Software

Paycom Software, Inc is a provider of cloud-based human capital management (HCM) software designed to help businesses manage employee-related processes through a unified platform. Its solutions support payroll, human resources, talent acquisition and management, time and labor management, compliance, and employee engagement.

The company’s software is intended to allow employers and employees to enter and manage workforce information within a single system. Its offerings include payroll processing, benefits administration, expense management, scheduling, performance management, learning, and recruiting tools.