6,613 Shares in Paycom Software, Inc. (NYSE:PAYC) Bought by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP acquired a new position in Paycom Software, Inc. (NYSE:PAYC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,613 shares of the software maker's stock, valued at approximately $1,355,000.

A number of other institutional investors also recently bought and sold shares of PAYC. Geode Capital Management LLC increased its stake in Paycom Software by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 1,516,768 shares of the software maker's stock worth $310,245,000 after buying an additional 89,848 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Paycom Software by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 498,073 shares of the software maker's stock worth $102,090,000 after purchasing an additional 11,611 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Paycom Software by 1,153.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 401,889 shares of the software maker's stock valued at $82,375,000 after purchasing an additional 369,825 shares during the period. Boston Trust Walden Corp raised its stake in Paycom Software by 3.3% during the 4th quarter. Boston Trust Walden Corp now owns 359,695 shares of the software maker's stock valued at $73,727,000 after purchasing an additional 11,595 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Paycom Software by 14.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 326,018 shares of the software maker's stock worth $54,305,000 after purchasing an additional 41,187 shares in the last quarter. 87.77% of the stock is owned by institutional investors.

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Analyst Ratings Changes

Several research firms have recently issued reports on PAYC. 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 research report on Monday, March 10th. Piper Sandler boosted their price target 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. StockNews.com downgraded shares of Paycom Software from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Barclays decreased their target price 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, Citigroup cut their price target on Paycom Software from $234.00 to $221.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Twelve investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $212.80.

Insider Activity at Paycom Software

In related news, insider Bradley Scott Smith sold 3,000 shares of Paycom Software stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $201.01, for a total value of $603,030.00. Following the completion of the sale, the insider now directly owns 28,733 shares in the company, valued at $5,775,620.33. The trade was a 9.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director J C. Watts, Jr. sold 500 shares of the firm's 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 transaction, the director now directly owns 7,730 shares in the company, valued at $1,686,840.60. This trade represents a 6.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,100 shares of company stock worth $1,476,024 in the last 90 days. 14.50% of the stock is owned by corporate insiders.

Paycom Software Stock Up 0.8 %

NYSE:PAYC traded up $1.76 during mid-day trading on Tuesday, hitting $220.03. 64,325 shares of the stock traded hands, compared to its average volume of 719,716. The stock has a market capitalization of $12.73 billion, a price-to-earnings ratio of 24.73, a PEG ratio of 2.40 and a beta of 0.97. Paycom Software, Inc. has a 52 week low of $139.50 and a 52 week high of $242.74. The firm's 50 day moving average is $212.94 and its two-hundred day moving average is $207.28.

Paycom Software (NYSE:PAYC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The software maker reported $2.02 earnings per share (EPS) for the quarter, topping 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%. As a group, research 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 paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Monday, March 10th. Paycom Software's dividend payout ratio is presently 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.