2,354 Shares in Paycom Software, Inc. (NYSE:PAYC) Acquired by Quantessence Capital LLC

Quantessence Capital LLC purchased a new stake in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,354 shares of the software maker's stock, valued at approximately $482,000.

Other large investors have also added to or reduced their stakes in the company. Barclays PLC grew its position in shares of Paycom Software by 0.6% during the third quarter. Barclays PLC now owns 109,636 shares of the software maker's stock worth $18,261,000 after purchasing an additional 617 shares in the last quarter. Pine Valley Investments Ltd Liability Co raised its position in shares of Paycom Software by 26.5% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 14,053 shares of the software maker's stock valued at $2,341,000 after buying an additional 2,944 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Paycom Software in the third quarter worth $79,000. Peapack Gladstone Financial Corp boosted its position in shares of Paycom Software by 71.7% during the third quarter. Peapack Gladstone Financial Corp now owns 2,488 shares of the software maker's stock worth $414,000 after acquiring an additional 1,039 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in Paycom Software by 9.3% during the third quarter. Principal Financial Group Inc. now owns 65,809 shares of the software maker's stock valued at $10,962,000 after acquiring an additional 5,574 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company's stock.

Paycom Software Trading Up 2.6 %

PAYC stock opened at $211.48 on Wednesday. Paycom Software, Inc. has a 12 month low of $139.50 and a 12 month high of $242.74. The stock has a market cap of $12.23 billion, a PE ratio of 23.76, a P/E/G ratio of 2.40 and a beta of 0.97. The company has a 50-day moving average price of $214.03 and a 200 day moving average price of $208.99.

Paycom Software (NYSE:PAYC - Get Free Report) last released 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 return on equity of 33.53% and a net margin of 26.66%. Sell-side analysts forecast that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend was Monday, March 10th. Paycom Software's dividend payout ratio is presently 16.85%.

Insider Activity at Paycom Software

In other Paycom Software news, Director J C. Watts, Jr. sold 500 shares of Paycom Software stock in a transaction on Monday, February 24th. The stock was sold at an average price of $218.22, for a total transaction of $109,110.00. Following the completion of the sale, the director now directly owns 7,730 shares of the company's stock, valued at $1,686,840.60. The trade was a 6.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Bradley Scott Smith sold 3,000 shares of the 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 transaction, the insider now directly owns 28,733 shares in the company, valued at $5,775,620.33. The trade was a 9.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,100 shares of company stock worth $1,476,024 in the last 90 days. 10.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Piper Sandler increased their price objective on shares of Paycom Software from $191.00 to $224.00 and gave the company a "neutral" rating in a report on Friday, February 14th. Barclays cut 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. KeyCorp raised Paycom Software from a "sector weight" rating to an "overweight" rating and set a $245.00 price objective on the stock in a report on Monday, March 10th. JPMorgan Chase & Co. raised their target price on shares of Paycom Software from $185.00 to $200.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Finally, Stifel Nicolaus decreased their price target on shares of Paycom Software from $215.00 to $187.00 and set a "hold" rating on the stock in a research note on Thursday, February 13th. Twelve research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, Paycom Software presently has an average rating of "Hold" and an average price target of $212.80.

Paycom Software Company 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.

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