Keystone Investors PTE Ltd. Invests $391,000 in Paycom Software, Inc. (NYSE:PAYC)

Keystone Investors PTE Ltd. bought a new position in shares of Paycom Software, Inc. (NYSE:PAYC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,907 shares of the software maker’s stock, valued at approximately $391,000.

Several other hedge funds and other institutional investors have also bought and sold shares of PAYC. Sylebra Capital LLC raised its position in shares of Paycom Software by 0.3% in the 3rd quarter. Sylebra Capital LLC now owns 1,962,468 shares of the software maker’s stock worth $326,888,000 after acquiring an additional 5,000 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Paycom Software by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,426,920 shares of the software maker’s stock worth $237,015,000 after buying an additional 45,404 shares in the last quarter. FMR LLC grew its position in shares of Paycom Software by 55.0% during the 3rd quarter. FMR LLC now owns 1,007,919 shares of the software maker’s stock worth $167,889,000 after buying an additional 357,723 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Paycom Software by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 498,073 shares of the software maker’s stock valued at $102,090,000 after acquiring an additional 11,611 shares during the period. Finally, Boston Trust Walden Corp boosted its stake in Paycom Software by 3.3% during the fourth quarter. Boston Trust Walden Corp now owns 359,695 shares of the software maker’s stock worth $73,727,000 after acquiring an additional 11,595 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Paycom Software Stock Up 2.4 %

PAYC opened at $223.43 on Tuesday. Paycom Software, Inc. has a twelve month low of $139.50 and a twelve month high of $242.74. The company’s 50-day moving average price is $210.97 and its two-hundred day moving average price is $202.19. The stock has a market cap of $12.79 billion, a price-to-earnings ratio of 25.10, a PEG ratio of 2.40 and a beta of 1.14.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $2.02 EPS for the quarter, beating the consensus estimate of $1.99 by $0.03. Paycom Software had a return on equity of 33.53% and a net margin of 26.66%. As a group, sell-side analysts anticipate that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.67%. The ex-dividend date was Monday, March 10th. Paycom Software’s dividend payout ratio (DPR) is presently 16.85%.

Insiders Place Their Bets

In related news, insider Bradley Scott Smith sold 3,000 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $201.01, for a total transaction of $603,030.00. Following the sale, the insider now directly owns 28,733 shares in the company, valued at approximately $5,775,620.33. The trade was a 9.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director J C. Watts, Jr. sold 500 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $218.22, for a total value of $109,110.00. Following the completion of the transaction, the director now owns 7,730 shares of the company’s stock, valued at approximately $1,686,840.60. This represents a 6.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,100 shares of company stock worth $1,476,024 over the last quarter. 14.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Barclays dropped their price objective on shares of Paycom Software from $229.00 to $221.00 and set an “equal weight” rating on the stock in a report on Thursday, January 23rd. Stifel Nicolaus reduced their price objective on Paycom Software from $215.00 to $187.00 and set a “hold” rating for the company in a research note on Thursday, February 13th. Citigroup cut their target price on Paycom Software from $234.00 to $221.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Needham & Company LLC restated a “hold” rating on shares of Paycom Software in a research note on Thursday, February 13th. Finally, Piper Sandler raised their price objective on shares of Paycom Software from $191.00 to $224.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Twelve analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $212.80.

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.