Aurora Investment Counsel Reduces Holdings in Paycom Software, Inc. (NYSE:PAYC)

Aurora Investment Counsel decreased its stake in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 9.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,546 shares of the software maker's stock after selling 1,357 shares during the period. Paycom Software comprises about 1.5% of Aurora Investment Counsel's holdings, making the stock its 9th largest position. Aurora Investment Counsel's holdings in Paycom Software were worth $2,777,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. lifted its stake in Paycom Software by 9.3% in the third quarter. Principal Financial Group Inc. now owns 65,809 shares of the software maker's stock valued at $10,962,000 after purchasing an additional 5,574 shares during the last quarter. Atria Investments Inc boosted its stake in Paycom Software by 36.2% during the third quarter. Atria Investments Inc now owns 17,327 shares of the software maker's stock valued at $2,886,000 after buying an additional 4,601 shares during the period. Axxcess Wealth Management LLC bought a new stake in Paycom Software during the third quarter valued at $208,000. Apollon Wealth Management LLC bought a new stake in Paycom Software during the third quarter valued at $1,186,000. Finally, KBC Group NV boosted its stake in Paycom Software by 219.9% during the third quarter. KBC Group NV now owns 18,733 shares of the software maker's stock valued at $3,120,000 after buying an additional 12,877 shares during the period. Hedge funds and other institutional investors own 87.77% of the company's stock.

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Paycom Software Stock Up 0.5 %

Shares of PAYC traded up $1.03 during trading hours on Tuesday, hitting $217.04. The company had a trading volume of 696,678 shares, compared to its average volume of 701,605. The firm has a market cap of $12.43 billion, a P/E ratio of 24.39, a P/E/G ratio of 2.40 and a beta of 1.14. The stock's 50 day moving average price is $209.21 and its 200 day moving average price is $200.15. Paycom Software, Inc. has a 52-week low of $139.50 and a 52-week high of $242.74.

Paycom Software (NYSE:PAYC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The software maker reported $2.02 earnings per share (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%. On average, research analysts expect that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be issued a dividend of $0.375 per share. The ex-dividend date is Monday, March 10th. This represents a $1.50 dividend on an annualized basis and a yield of 0.69%. Paycom Software's dividend payout ratio is presently 16.85%.

Analyst Upgrades and Downgrades

PAYC has been the topic of a number of research reports. Mizuho raised their price target on Paycom Software from $190.00 to $210.00 and gave the company a "neutral" rating in a research report on Friday, December 13th. Needham & Company LLC restated a "hold" rating on shares of Paycom Software in a research report on Thursday, February 13th. StockNews.com downgraded Paycom Software from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Barclays lowered their price target on Paycom Software from $229.00 to $221.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. raised their price target on Paycom Software from $185.00 to $200.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Twelve equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, Paycom Software presently has a consensus rating of "Hold" and a consensus target price of $212.80.

Insider Activity at Paycom Software

In related news, insider Bradley Scott Smith sold 3,000 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $201.01, for a total transaction of $603,030.00. Following the transaction, the insider now owns 28,733 shares in the company, valued at $5,775,620.33. The trade was a 9.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Randall Peck sold 3,600 shares of Paycom Software stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $212.19, for a total value of $763,884.00. Following the sale, the chief operating officer now directly owns 50,665 shares in the company, valued at approximately $10,750,606.35. The trade was a 6.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,100 shares of company stock worth $1,476,024 in the last 90 days. Company insiders own 14.50% of the company's stock.

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.