Janus Henderson Group PLC Sells 965 Shares of Paycom Software, Inc. (NYSE:PAYC)

Janus Henderson Group PLC reduced its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 4.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,806 shares of the software maker’s stock after selling 965 shares during the quarter. Janus Henderson Group PLC’s holdings in Paycom Software were worth $4,674,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Glass Jacobson Investment Advisors llc increased its stake in Paycom Software by 746.7% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 127 shares of the software maker’s stock valued at $26,000 after purchasing an additional 112 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in shares of Paycom Software in the fourth quarter worth approximately $30,000. IFP Advisors Inc grew 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 period. Parvin Asset Management LLC bought a new stake in shares of Paycom Software in the fourth quarter worth approximately $61,000. Finally, Blue Trust Inc. grew its stake in shares of Paycom Software by 33.3% in the fourth quarter. Blue Trust Inc. now owns 352 shares of the software maker’s stock worth $72,000 after acquiring an additional 88 shares during the period. 87.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PAYC shares. Barclays lifted their price target on shares of Paycom Software from $221.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 8th. StockNews.com lowered shares of Paycom Software from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a research note on Thursday, May 8th. BMO Capital Markets raised their price objective on shares of Paycom Software from $215.00 to $244.00 and gave the stock a “market perform” rating in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Paycom Software from $185.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Eleven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $226.90.

Paycom Software Price Performance

Shares of NYSE:PAYC opened at $260.70 on Monday. Paycom Software, Inc. has a 1-year low of $139.50 and a 1-year high of $261.64. The company has a market capitalization of $15.08 billion, a P/E ratio of 29.29, a P/E/G ratio of 2.40 and a beta of 0.80. The firm’s 50 day simple moving average is $222.52 and its two-hundred day simple moving average is $218.19.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Wednesday, May 7th. The software maker reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.62 by $0.18. Paycom Software had a net margin of 26.66% and a return on equity of 33.53%. The business had revenue of $530.50 million for the quarter, compared to the consensus estimate of $522.92 million. During the same quarter in the previous year, the firm earned $2.59 earnings per share. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, sell-side analysts anticipate that Paycom Software, Inc. will post 7.15 earnings per share 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. Stockholders of record on Tuesday, May 27th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend is Tuesday, May 27th. Paycom Software’s payout ratio is currently 21.40%.

Insider Activity

In other news, insider Bradley Scott Smith sold 3,000 shares of Paycom Software stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $201.01, for a total transaction of $603,030.00. Following the sale, the insider now owns 28,733 shares in the company, valued at $5,775,620.33. This trade represents a 9.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Chad R. Richison sold 120,000 shares of Paycom Software stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $243.52, for a total transaction of $29,222,400.00. Following the sale, the chief executive officer now owns 3,307,249 shares in the company, valued at approximately $805,381,276.48. The trade was a 3.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 153,526 shares of company stock worth $37,450,796 over the last quarter. Insiders own 10.90% of the company’s stock.

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.