Paycom Software, Inc. (NYSE:PAYC) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd decreased its position in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 37.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,206 shares of the software maker's stock after selling 4,879 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Paycom Software were worth $1,682,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Paycom Software in the fourth quarter valued at $30,000. IFP Advisors Inc grew its stake in Paycom Software by 635.7% during the 4th quarter. IFP Advisors Inc now owns 206 shares of the software maker's stock worth $43,000 after purchasing an additional 178 shares in the last quarter. Blue Trust Inc. increased its holdings in Paycom Software by 33.3% during the 4th quarter. Blue Trust Inc. now owns 352 shares of the software maker's stock worth $72,000 after purchasing an additional 88 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Paycom Software in the 3rd quarter valued at about $79,000. Finally, Huntington National Bank boosted its stake in shares of Paycom Software by 46.5% in the 4th quarter. Huntington National Bank now owns 551 shares of the software maker's stock valued at $113,000 after buying an additional 175 shares during the period. Hedge funds and other institutional investors own 87.77% of the company's stock.

Paycom Software Stock Down 4.2 %

PAYC traded down $9.16 during trading on Thursday, hitting $209.35. 265,583 shares of the stock were exchanged, compared to its average volume of 724,076. Paycom Software, Inc. has a 1-year low of $139.50 and a 1-year high of $242.74. The stock has a fifty day moving average price of $212.39 and a two-hundred day moving average price of $206.07. The firm has a market capitalization of $11.99 billion, a P/E ratio of 23.52, a PEG ratio of 2.40 and a beta of 0.97.

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Paycom Software (NYSE:PAYC - Get Free Report) last released its quarterly 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 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 year.

Paycom Software Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date was Monday, March 10th. Paycom Software's dividend payout ratio is currently 16.85%.

Wall Street Analyst Weigh In

PAYC has been the topic of a number of recent research reports. Piper Sandler upped their target price on shares of Paycom Software from $191.00 to $224.00 and gave the stock a "neutral" rating in a research note on Friday, February 14th. KeyCorp upgraded shares of Paycom Software from a "sector weight" rating to an "overweight" rating and set a $245.00 price objective on the stock in a report on Monday, March 10th. JPMorgan Chase & Co. boosted their target price on shares of Paycom Software from $185.00 to $200.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Citigroup cut their price target on Paycom Software from $234.00 to $221.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Finally, StockNews.com cut 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 issued a buy rating to the company. According to MarketBeat.com, Paycom Software presently has a consensus rating of "Hold" and an average target price of $212.80.

Insider Activity at Paycom Software

In related news, Director J C. Watts, Jr. sold 500 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $218.22, for a total transaction of $109,110.00. Following the completion of 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 transaction was disclosed in a document filed with the SEC, 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 completion of the sale, the chief operating officer now directly owns 50,665 shares in the company, valued at $10,750,606.35. This represents a 6.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,100 shares of company stock worth $1,476,024 in the last quarter. Company insiders own 14.50% of the company's stock.

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.