Paycom Software, Inc. (NYSE:PAYC) Shares Bought by Barclays PLC

Barclays PLC lifted its stake in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 9.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 120,359 shares of the software maker's stock after purchasing an additional 10,723 shares during the quarter. Barclays PLC owned about 0.21% of Paycom Software worth $24,668,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Glass Jacobson Investment Advisors llc raised its position in Paycom Software by 746.7% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 127 shares of the software maker's stock valued at $26,000 after purchasing an additional 112 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in shares of Paycom Software in the 4th quarter valued at about $30,000. IFP Advisors Inc boosted its holdings in shares of Paycom Software by 635.7% in the 4th quarter. IFP Advisors Inc now owns 206 shares of the software maker's stock valued at $43,000 after buying an additional 178 shares in the last quarter. Blue Trust Inc. boosted 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 valued at $72,000 after buying an additional 88 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Paycom Software in the 3rd quarter valued at about $79,000. Hedge funds and other institutional investors own 87.77% of the company's stock.

Insider Activity at Paycom Software

In other Paycom Software news, insider Bradley Scott Smith sold 3,000 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were 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 owns 28,733 shares of the company's stock, valued at $5,775,620.33. This trade represents a 9.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Randall Peck sold 3,600 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $212.19, for a total transaction of $763,884.00. Following the completion of the transaction, the chief operating officer now directly owns 50,665 shares of the company's stock, valued at $10,750,606.35. This represents a 6.63 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,100 shares of company stock worth $1,476,024. Insiders own 10.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. StockNews.com cut shares of Paycom Software from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Barclays reduced their price target on shares of Paycom Software from $229.00 to $221.00 and set an "equal weight" rating for the company in a research report on Thursday, January 23rd. Citigroup reduced their price target on shares of Paycom Software from $234.00 to $221.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Needham & Company LLC reissued a "hold" rating on shares of Paycom Software in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. lifted 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. Twelve investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $212.80.

Paycom Software Trading Up 2.3 %

PAYC traded up $5.00 on Thursday, hitting $224.23. 98,673 shares of the company's stock were exchanged, compared to its average volume of 642,082. Paycom Software, Inc. has a fifty-two week low of $139.50 and a fifty-two week high of $242.74. The firm has a 50-day moving average price of $214.23 and a 200-day moving average price of $209.06. The stock has a market cap of $12.97 billion, a price-to-earnings ratio of 25.20, a P/E/G ratio of 2.40 and a beta of 0.97.

Paycom Software (NYSE:PAYC - Get Free Report) last issued its earnings results on Wednesday, February 12th. The software maker reported $2.02 EPS for the quarter, topping 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%. On average, equities analysts predict that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were issued a $0.375 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.50 annualized dividend and a yield of 0.67%. Paycom Software's dividend payout ratio (DPR) is presently 16.85%.

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.