Nomura Asset Management Co. Ltd. Has $3.10 Million Stake in Paycom Software, Inc. (NYSE:PAYC)

Nomura Asset Management Co. Ltd. raised its holdings in Paycom Software, Inc. (NYSE:PAYC) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,127 shares of the software maker’s stock after purchasing an additional 172 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Paycom Software were worth $3,101,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Murphy & Mullick Capital Management Corp bought a new position in shares of Paycom Software in the fourth quarter valued at about $30,000. IFP Advisors Inc raised its stake in shares of Paycom Software by 635.7% in the fourth quarter. IFP Advisors Inc now owns 206 shares of the software maker’s stock worth $43,000 after acquiring an additional 178 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Paycom Software by 33.3% during the fourth quarter. Blue Trust Inc. now owns 352 shares of the software maker’s stock worth $72,000 after purchasing an additional 88 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Paycom Software during the third quarter worth approximately $79,000. Finally, Private Trust Co. NA grew its stake in shares of Paycom Software by 9.3% during the fourth quarter. Private Trust Co. NA now owns 575 shares of the software maker’s stock valued at $118,000 after purchasing an additional 49 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Insider Activity at Paycom Software

In related news, COO Randall Peck sold 3,600 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $212.19, for a total value of $763,884.00. Following the completion of the transaction, the chief operating officer now directly owns 50,665 shares of the company’s stock, valued at approximately $10,750,606.35. This represents a 6.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bradley Scott Smith sold 3,000 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $201.01, for a total value of $603,030.00. Following the transaction, the insider now owns 28,733 shares of the company’s stock, valued at approximately $5,775,620.33. This trade represents a 9.45 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 7,100 shares of company stock worth $1,476,024. 12.60% of the stock is owned by company insiders.

Paycom Software Stock Performance

Shares of NYSE:PAYC opened at $218.58 on Thursday. The company has a 50 day moving average price of $212.94 and a two-hundred day moving average price of $204.67. The company has a market capitalization of $12.52 billion, a PE ratio of 24.56, a PEG ratio of 2.40 and a beta of 0.97. Paycom Software, Inc. has a 52 week low of $139.50 and a 52 week high of $242.74.

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

Paycom Software Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.69%. The ex-dividend date was Monday, March 10th. Paycom Software’s dividend payout ratio (DPR) is presently 16.85%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PAYC. TD Cowen upped their price objective on Paycom Software from $193.00 to $248.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Citigroup dropped their target price on Paycom Software from $234.00 to $221.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a report on Thursday, February 13th. Stifel Nicolaus dropped their price objective on Paycom Software from $215.00 to $187.00 and set a “hold” rating for the company in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. raised their target price on shares of Paycom Software from $185.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Twelve equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Paycom Software has an average rating of “Hold” and an average target price of $212.80.

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.