Corient Private Wealth LLC Has $1.36 Million Position in Paycom Software, Inc. (NYSE:PAYC)

Corient Private Wealth LLC lowered its position in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 18.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,616 shares of the software maker's stock after selling 1,496 shares during the quarter. Corient Private Wealth LLC's holdings in Paycom Software were worth $1,356,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Natixis Advisors LLC boosted its stake in Paycom Software by 6.7% in the fourth quarter. Natixis Advisors LLC now owns 75,700 shares of the software maker's stock valued at $15,516,000 after acquiring an additional 4,760 shares during the last quarter. Copperwynd Financial LLC boosted its position in shares of Paycom Software by 3.1% in the 4th quarter. Copperwynd Financial LLC now owns 5,719 shares of the software maker's stock worth $1,172,000 after purchasing an additional 170 shares during the last quarter. Knuff & Co LLC boosted its position in shares of Paycom Software by 234.0% in the 4th quarter. Knuff & Co LLC now owns 1,189 shares of the software maker's stock worth $244,000 after purchasing an additional 833 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Paycom Software by 118.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 698 shares of the software maker's stock worth $143,000 after purchasing an additional 378 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new stake in Paycom Software in the fourth quarter valued at about $256,000. Institutional investors own 87.77% of the company's stock.

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Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price 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 for the company in a research note on Monday, March 10th. Needham & Company LLC reissued a "hold" rating on shares of Paycom Software in a research report on Thursday, February 13th. Piper Sandler upped their price objective on shares of Paycom Software from $191.00 to $224.00 and gave the company a "neutral" rating in a research report on Friday, February 14th. Finally, Mizuho raised their price objective on Paycom Software from $190.00 to $210.00 and gave the stock a "neutral" rating in a research note on Friday, December 13th. Twelve investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $212.80.

Insider Buying and Selling at Paycom Software

In related news, COO Randall Peck sold 3,600 shares of the business's stock in a transaction 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 transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bradley Scott Smith sold 3,000 shares of the company's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $201.01, for a total transaction of $603,030.00. Following the sale, the insider now directly owns 28,733 shares in the company, valued at $5,775,620.33. This trade represents a 9.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,100 shares of company stock worth $1,476,024. Insiders own 14.50% of the company's stock.

Paycom Software Trading Down 3.1 %

Shares of Paycom Software stock traded down $7.07 during trading on Friday, reaching $218.75. The stock had a trading volume of 547,958 shares, compared to its average volume of 723,974. The company has a market capitalization of $12.53 billion, a price-to-earnings ratio of 24.58, a P/E/G ratio of 2.40 and a beta of 1.14. The stock has a fifty day moving average price of $212.28 and a two-hundred day moving average price of $203.60. 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 released its earnings results on Wednesday, February 12th. The software maker reported $2.02 EPS for the quarter, beating the consensus estimate 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, equities analysts forecast that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Dividend Announcement

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

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.