4,093 Shares in Paycom Software, Inc. (NYSE:PAYC) Acquired by Graham Capital Management L.P.

Graham Capital Management L.P. bought a new position in shares of Paycom Software, Inc. (NYSE:PAYC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,093 shares of the software maker’s stock, valued at approximately $839,000.

Several other hedge funds and other institutional investors have also modified their holdings of PAYC. FMR LLC increased its holdings in Paycom Software by 137.8% during the 4th quarter. FMR LLC now owns 2,396,452 shares of the software maker’s stock valued at $491,201,000 after purchasing an additional 1,388,533 shares in the last quarter. Geode Capital Management LLC increased its holdings in Paycom Software by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 1,516,768 shares of the software maker’s stock valued at $310,245,000 after purchasing an additional 89,848 shares in the last quarter. Northern Trust Corp increased its holdings in Paycom Software by 10.9% during the 4th quarter. Northern Trust Corp now owns 724,016 shares of the software maker’s stock valued at $148,402,000 after purchasing an additional 70,897 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in 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 purchasing an additional 11,611 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Paycom Software by 1,153.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 401,889 shares of the software maker’s stock valued at $82,375,000 after purchasing an additional 369,825 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Insider Buying and Selling

In other Paycom Software news, CEO Chad R. Richison sold 120,000 shares of the business’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $243.52, for a total value of $29,222,400.00. Following the completion of the transaction, the chief executive officer now directly owns 3,307,249 shares of the company’s stock, valued at approximately $805,381,276.48. The trade was a 3.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director J C. Watts, Jr. sold 500 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were 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 directly owns 7,730 shares of the company’s stock, valued at approximately $1,686,840.60. The trade was a 6.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 127,100 shares of company stock valued at $30,698,424 over the last three months. Company insiders own 10.90% of the company’s stock.

Paycom Software Stock Up 0.7%

Shares of Paycom Software stock opened at $260.25 on Wednesday. Paycom Software, Inc. has a 12 month low of $139.50 and a 12 month high of $261.64. The business has a fifty day simple moving average of $219.78 and a 200 day simple moving average of $216.28. The stock has a market cap of $15.06 billion, a PE ratio of 29.24, a price-to-earnings-growth ratio of 2.40 and a beta of 0.80.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, May 7th. The software maker reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $2.62 by $0.18. Paycom Software had a return on equity of 33.53% and a net margin of 26.66%. The business had revenue of $530.50 million during the quarter, compared to analysts’ expectations of $522.92 million. During the same period in the previous year, the firm earned $2.59 earnings per share. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. Analysts expect that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, May 27th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.58%. Paycom Software’s dividend payout ratio (DPR) is presently 21.40%.

Analyst Upgrades and Downgrades

PAYC has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on Paycom Software from $185.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Piper Sandler lifted their target price on Paycom Software from $224.00 to $246.00 and gave the company a “neutral” rating in a research note on Thursday, May 8th. Stifel Nicolaus lifted their target price on Paycom Software from $187.00 to $215.00 and gave the company a “hold” rating in a research note on Thursday, May 8th. KeyCorp lifted their target price on Paycom Software from $245.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Finally, Citigroup lowered their target price on Paycom Software from $234.00 to $221.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Eleven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $226.90.

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.