ING Groep NV Raises Stake in Paycom Software, Inc. (NYSE:PAYC)

ING Groep NV raised its position in Paycom Software, Inc. (NYSE:PAYC) by 43.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,715 shares of the software maker’s stock after acquiring an additional 2,031 shares during the quarter. ING Groep NV’s holdings in Paycom Software were worth $1,388,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Independent Advisor Alliance lifted its stake in Paycom Software by 4.3% in the fourth quarter. Independent Advisor Alliance now owns 1,931 shares of the software maker’s stock worth $399,000 after acquiring an additional 79 shares during the last quarter. Level Four Advisory Services LLC lifted its position in shares of Paycom Software by 79.1% during the 4th quarter. Level Four Advisory Services LLC now owns 9,784 shares of the software maker’s stock worth $2,022,000 after buying an additional 4,321 shares during the last quarter. Dillon & Associates Inc. lifted its position in shares of Paycom Software by 18.2% during the 4th quarter. Dillon & Associates Inc. now owns 63,647 shares of the software maker’s stock worth $13,175,000 after buying an additional 9,807 shares during the last quarter. First National Advisers LLC lifted its position in shares of Paycom Software by 30.7% during the 4th quarter. First National Advisers LLC now owns 4,936 shares of the software maker’s stock worth $1,021,000 after buying an additional 1,159 shares during the last quarter. Finally, Kingsview Wealth Management LLC lifted its position in shares of Paycom Software by 30.8% during the 4th quarter. Kingsview Wealth Management LLC now owns 1,436 shares of the software maker’s stock worth $297,000 after buying an additional 338 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on PAYC shares. Needham & Company LLC restated a “hold” rating on shares of Paycom Software in a research report on Thursday, May 2nd. William Blair reaffirmed a “market perform” rating on shares of Paycom Software in a report on Thursday, May 2nd. StockNews.com cut shares of Paycom Software from a “buy” rating to a “hold” rating in a research note on Monday. BTIG Research started coverage on shares of Paycom Software in a research note on Tuesday, February 6th. They issued a “neutral” rating on the stock. Finally, Citigroup dropped their price objective on shares of Paycom Software from $196.00 to $193.00 and set a “neutral” rating on the stock in a research note on Thursday, May 2nd. Seventeen investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $246.31.

Paycom Software Stock Down 0.4 %

NYSE:PAYC opened at $179.58 on Wednesday. Paycom Software, Inc. has a fifty-two week low of $146.15 and a fifty-two week high of $374.04. The stock has a market cap of $10.44 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 2.83 and a beta of 1.17. The firm’s fifty day simple moving average is $188.21 and its 200-day simple moving average is $189.05.

Paycom Software Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Tuesday, May 28th will be given a $0.375 dividend. The ex-dividend date of this dividend is Friday, May 24th. This represents a $1.50 annualized dividend and a dividend yield of 0.84%. Paycom Software’s dividend payout ratio is presently 18.27%.

Insider Buying and Selling

In related news, CEO Chad R. Richison sold 1,950 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $179.78, for a total value of $350,571.00. Following the sale, the chief executive officer now directly owns 3,090,008 shares in the company, valued at approximately $555,521,638.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 12.60% of the company’s stock.

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.