Kelly Lawrence W & Associates Inc. CA Acquires New Position in Paycom Software, Inc. (NYSE:PAYC)

Kelly Lawrence W & Associates Inc. CA acquired a new stake in Paycom Software, Inc. (NYSE:PAYC - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 52,912 shares of the software maker's stock, valued at approximately $10,845,000. Paycom Software accounts for about 2.5% of Kelly Lawrence W & Associates Inc. CA's holdings, making the stock its 16th largest position. Kelly Lawrence W & Associates Inc. CA owned approximately 0.09% of Paycom Software at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of PAYC. Barclays PLC grew its position in Paycom Software by 0.6% in the 3rd quarter. Barclays PLC now owns 109,636 shares of the software maker's stock valued at $18,261,000 after acquiring an additional 617 shares in the last quarter. Pine Valley Investments Ltd Liability Co boosted its stake in shares of Paycom Software by 26.5% in 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 purchasing an additional 2,944 shares during the period. Sanctuary Advisors LLC grew its holdings in shares of Paycom Software by 42.1% in the third quarter. Sanctuary Advisors LLC now owns 8,501 shares of the software maker's stock valued at $1,416,000 after purchasing an additional 2,517 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Paycom Software during the 3rd quarter worth approximately $79,000. Finally, Peapack Gladstone Financial Corp lifted its holdings in Paycom Software by 71.7% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 2,488 shares of the software maker's stock worth $414,000 after buying an additional 1,039 shares in the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Citigroup decreased their target price on Paycom Software from $234.00 to $221.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. JPMorgan Chase & Co. boosted their price objective on Paycom Software from $185.00 to $200.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. KeyCorp raised shares of Paycom Software from a "sector weight" rating to an "overweight" rating and set a $245.00 target price on the stock in a report on Monday, March 10th. Needham & Company LLC reiterated a "hold" rating on shares of Paycom Software in a report on Thursday, February 13th. Finally, StockNews.com downgraded shares of Paycom Software from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Twelve research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, Paycom Software has an average rating of "Hold" and a consensus target price of $212.80.

Paycom Software Trading Up 0.8 %

Shares of Paycom Software stock traded up $1.87 on Friday, hitting $227.73. The stock had a trading volume of 139,826 shares, compared to its average volume of 714,347. Paycom Software, Inc. has a 52-week low of $139.50 and a 52-week high of $242.74. The company's 50 day moving average price is $214.55 and its 200 day moving average price is $209.49. The stock has a market cap of $13.17 billion, a price-to-earnings ratio of 25.57, a P/E/G ratio of 2.40 and a beta of 0.97.

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%. Analysts predict that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.66%. The ex-dividend date was Monday, March 10th. Paycom Software's dividend payout ratio (DPR) is presently 16.85%.

Insider Buying and Selling

In other news, insider Bradley Scott Smith sold 3,000 shares of Paycom Software stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $201.01, for a total value of $603,030.00. Following the sale, the insider now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director J C. Watts, Jr. sold 500 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $218.22, for a total transaction of $109,110.00. Following the transaction, the director now directly owns 7,730 shares of the company's stock, valued at $1,686,840.60. This represents a 6.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,100 shares of company stock valued at $1,476,024 over the last three months. 10.90% of the stock is currently owned by company insiders.

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.