Paycom Software, Inc. (NYSE:PAYC) Holdings Lifted by Amundi

Amundi lifted its holdings in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 4.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 83,790 shares of the software maker's stock after buying an additional 3,887 shares during the quarter. Amundi owned approximately 0.15% of Paycom Software worth $16,709,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of PAYC. Brooklyn Investment Group bought a new position in Paycom Software during the 3rd quarter worth $28,000. Pin Oak Investment Advisors Inc. boosted its holdings in shares of Paycom Software by 73.3% during the third quarter. Pin Oak Investment Advisors Inc. now owns 182 shares of the software maker's stock valued at $30,000 after acquiring an additional 77 shares during the period. 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 acquiring an additional 178 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in shares of Paycom Software by 821.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 212 shares of the software maker's stock worth $35,000 after acquiring an additional 189 shares during the period. Finally, Blue Trust Inc. increased its holdings in shares of Paycom Software by 33.3% in the 4th 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.

Insider Buying and Selling at Paycom Software

In related news, Director J C. Watts, Jr. sold 500 shares of Paycom Software stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $218.22, for a total value of $109,110.00. Following the transaction, the director now owns 7,730 shares of the company's stock, valued at approximately $1,686,840.60. This trade represents a 6.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Randall Peck sold 3,600 shares of the business's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $212.19, for a total value 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. The trade was a 6.63 % decrease in their position. The disclosure for this sale can be found here. 14.50% of the stock is owned by corporate insiders.

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Paycom Software Trading Up 3.8 %

PAYC stock traded up $7.87 during trading hours on Monday, hitting $215.86. 898,009 shares of the stock traded hands, compared to its average volume of 701,669. The stock has a 50-day simple moving average of $209.04 and a 200 day simple moving average of $199.78. The company has a market cap of $12.36 billion, a P/E ratio of 24.25, a P/E/G ratio of 2.40 and a beta of 1.14. Paycom Software, Inc. has a one year low of $139.50 and a one year high of $242.74.

Paycom Software (NYSE:PAYC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.03. Paycom Software had a net margin of 26.66% and a return on equity of 33.53%. Analysts forecast that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be given a $0.375 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.50 annualized dividend and a yield of 0.69%. Paycom Software's dividend payout ratio (DPR) is 16.85%.

Wall Street Analysts Forecast Growth

PAYC has been the subject of several recent analyst reports. KeyCorp upgraded shares of Paycom Software from a "sector weight" rating to an "overweight" rating and set a $245.00 target price for the company in a research report on Monday, March 10th. Piper Sandler boosted their price objective on Paycom Software from $191.00 to $224.00 and gave the stock a "neutral" rating in a research report on Friday, February 14th. Needham & Company LLC restated a "hold" rating on shares of Paycom Software in a research report on Thursday, February 13th. Stifel Nicolaus cut their target price on Paycom Software from $215.00 to $187.00 and set a "hold" rating on the stock in a research note on Thursday, February 13th. Finally, 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 research note on Thursday, January 23rd. Twelve equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $212.80.

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.