Daiwa Securities Group Inc. Has $3.03 Million Stock Holdings in Paycom Software, Inc. (NYSE:PAYC)

Daiwa Securities Group Inc. lifted its position in shares of Paycom Software, Inc. (NYSE:PAYC) by 3.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,204 shares of the software maker’s stock after purchasing an additional 611 shares during the period. Daiwa Securities Group Inc.’s holdings in Paycom Software were worth $3,032,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC acquired a new position in Paycom Software in the 2nd quarter valued at approximately $25,000. MFA Wealth Advisors LLC acquired a new stake in Paycom Software in the second quarter valued at $26,000. Armstrong Advisory Group Inc. bought a new position in Paycom Software during the 3rd quarter worth $26,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Paycom Software during the 2nd quarter worth about $27,000. Finally, CVA Family Office LLC grew its position in shares of Paycom Software by 234.3% in the 2nd quarter. CVA Family Office LLC now owns 234 shares of the software maker’s stock valued at $33,000 after buying an additional 164 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Insider Activity

In other news, CEO Chad R. Richison sold 1,950 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $229.09, for a total value of $446,725.50. Following the completion of the sale, the chief executive officer now owns 2,731,410 shares in the company, valued at $625,738,716.90. This represents a 0.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold 54,600 shares of company stock worth $9,726,717 over the last 90 days. 12.60% of the stock is currently owned by corporate insiders.

Paycom Software Price Performance

NYSE:PAYC opened at $235.06 on Thursday. Paycom Software, Inc. has a one year low of $139.50 and a one year high of $237.33. The company has a market cap of $13.55 billion, a PE ratio of 28.29, a PEG ratio of 3.12 and a beta of 1.14. The firm has a 50-day moving average of $189.69 and a 200-day moving average of $168.73.

Paycom Software Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, November 25th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend is Monday, November 25th. Paycom Software’s dividend payout ratio (DPR) is presently 18.05%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PAYC. Mizuho raised their price objective on Paycom Software from $170.00 to $190.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Jefferies Financial Group boosted their price target on shares of Paycom Software from $170.00 to $175.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Barclays increased their price objective on shares of Paycom Software from $172.00 to $181.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. BMO Capital Markets boosted their price objective on Paycom Software from $183.00 to $197.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Finally, TD Cowen boosted their target price on shares of Paycom Software from $171.00 to $188.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. Twelve analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $193.67.

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.