World Investment Advisors Invests $261,000 in Paycom Software, Inc. (NYSE:PAYC)

World Investment Advisors bought a new stake in Paycom Software, Inc. (NYSE:PAYC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,275 shares of the software maker's stock, valued at approximately $261,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Murphy & Mullick Capital Management Corp purchased a new position in Paycom Software in the fourth quarter valued at $30,000. IFP Advisors Inc grew its position in shares of Paycom Software by 635.7% during the fourth quarter. IFP Advisors Inc now owns 206 shares of the software maker's stock worth $43,000 after buying an additional 178 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Paycom Software by 33.3% during the fourth quarter. Blue Trust Inc. now owns 352 shares of the software maker's stock worth $72,000 after buying an additional 88 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Paycom Software in the third quarter valued at approximately $79,000. Finally, Huntington National Bank lifted its stake in Paycom Software by 46.5% in the fourth quarter. Huntington National Bank now owns 551 shares of the software maker's stock worth $113,000 after acquiring an additional 175 shares during the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Bradley Scott Smith sold 3,000 shares of the business's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $201.01, for a total value of $603,030.00. Following the completion of the transaction, the insider now directly owns 28,733 shares of the company's stock, valued at $5,775,620.33. The trade was a 9.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Randall Peck sold 3,600 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $212.19, for a total transaction of $763,884.00. Following the sale, the chief operating officer now owns 50,665 shares in the company, valued at approximately $10,750,606.35. This trade represents a 6.63 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,100 shares of company stock worth $1,476,024. 14.50% of the stock is owned by corporate insiders.

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Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Paycom Software from $185.00 to $200.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Barclays decreased their price target on Paycom Software from $229.00 to $221.00 and set an "equal weight" rating for the company in a report on Thursday, January 23rd. Needham & Company LLC reiterated a "hold" rating on shares of Paycom Software in a report on Thursday, February 13th. Piper Sandler raised their target price on Paycom Software from $191.00 to $224.00 and gave the stock a "neutral" rating in a research report on Friday, February 14th. Finally, KeyCorp upgraded shares of Paycom Software from a "sector weight" rating to an "overweight" rating and set a $245.00 price target on the stock in a research note on Monday, March 10th. Twelve research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $212.80.

Paycom Software Stock Up 0.8 %

NYSE:PAYC traded up $1.76 during trading hours on Tuesday, reaching $220.03. 64,325 shares of the company's stock were exchanged, compared to its average volume of 719,716. Paycom Software, Inc. has a 1-year low of $139.50 and a 1-year high of $242.74. The firm has a market capitalization of $12.73 billion, a price-to-earnings ratio of 24.73, a P/E/G ratio of 2.40 and a beta of 0.97. The company has a 50-day moving average of $212.94 and a 200 day moving average of $207.28.

Paycom Software (NYSE:PAYC - Get Free Report) last announced its earnings results on Wednesday, February 12th. The software maker reported $2.02 EPS for the quarter, beating analysts' consensus estimates of $1.99 by $0.03. Paycom Software had a net margin of 26.66% and a return on equity of 33.53%. Research analysts forecast that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Monday, March 10th. Paycom Software's payout ratio is 16.85%.

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.