Paycom Software, Inc. $PAYC Stake Raised by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 108.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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.’s holdings in Paycom Software were worth $67,122,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. TD Waterhouse Canada Inc. purchased a new stake in shares of Paycom Software during the third quarter valued at $25,000. Elevation Wealth Partners LLC boosted its position in shares of Paycom Software by 76.5% in the 3rd 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 period. Caitlin John LLC acquired a new position in shares of Paycom Software in the 2nd quarter valued at $31,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Paycom Software in the 2nd quarter worth about $33,000. Finally, EFG International AG purchased a new position in Paycom Software in the 2nd quarter worth about $36,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Paycom Software Stock Performance

Shares of Paycom Software stock opened at $272.94 on Friday. Paycom Software, Inc. has a 12 month low of $104.90 and a 12 month high of $273.37. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.57. The stock has a market cap 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. The business has a fifty day simple moving average of $230.58 and a 200-day simple moving average of $172.91.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings results on Wednesday, August 5th. The software maker reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.40. The firm had revenue of $531.20 million for the quarter, compared to analyst estimates of $513.12 million. Paycom Software had a return on equity of 37.06% and a net margin of 22.78%. Paycom Software’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.06 earnings per share. On average, sell-side analysts anticipate that Paycom Software, Inc. will post 10.80 EPS for the current fiscal year.

Paycom Software Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th were given a dividend of $0.3750 per share. The ex-dividend date was Monday, August 24th. This represents a $1.50 dividend on an annualized basis and a yield of 0.5%. Paycom Software’s dividend payout ratio (DPR) is presently 15.94%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Bank of America assumed coverage on Paycom Software in a report on Tuesday, September 29th. They set an “underperform” rating and a $200.00 price objective on the stock. Weiss Ratings upgraded shares of Paycom Software from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Zacks Research cut shares of Paycom Software from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Cantor Fitzgerald lifted their target price on shares of Paycom Software from $135.00 to $195.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Finally, BTIG Research boosted their price target on shares of Paycom Software from $160.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $219.79.

Insider Buying and Selling

In other Paycom Software news, insider Shane Hadlock sold 241 shares of Paycom Software stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $240.07, for a total transaction of $57,856.87. Following the transaction, the insider owned 69,911 shares of the company’s stock, valued at $16,783,533.77. The trade was a 0.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 13.20% of the company’s stock.

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.