First Foundation Advisors Buys 2,698 Shares of Paycom Software, Inc. (NYSE:PAYC)

First Foundation Advisors increased its holdings in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 12.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,972 shares of the software maker's stock after buying an additional 2,698 shares during the quarter. First Foundation Advisors' holdings in Paycom Software were worth $5,118,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of PAYC. HighTower Advisors LLC raised its position in Paycom Software by 4.7% in the 3rd quarter. HighTower Advisors LLC now owns 15,031 shares of the software maker's stock valued at $2,474,000 after buying an additional 672 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Paycom Software in the third quarter valued at approximately $206,000. Stifel Financial Corp lifted its position in shares of Paycom Software by 18.5% in the third quarter. Stifel Financial Corp now owns 41,071 shares of the software maker's stock worth $6,841,000 after purchasing an additional 6,421 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Paycom Software by 144.6% during the third quarter. Wellington Management Group LLP now owns 16,803 shares of the software maker's stock worth $2,799,000 after purchasing an additional 9,933 shares during the last quarter. Finally, EP Wealth Advisors LLC bought a new position in Paycom Software in the third quarter valued at $247,000. Institutional investors own 87.77% of the company's stock.

Insider Activity

In other news, Director J C. Watts, Jr. sold 500 shares of the stock in a transaction on 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 sale, the director now directly owns 7,730 shares in the company, valued at $1,686,840.60. This represents a 6.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Bradley Scott Smith sold 3,000 shares of the company's stock in a transaction on Thursday, March 13th. The shares were 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,100 shares of company stock valued at $1,476,024. 14.50% of the stock is currently owned by corporate insiders.

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Wall Street Analyst Weigh In

Several analysts recently issued reports on PAYC shares. Barclays dropped their target price on Paycom Software from $229.00 to $221.00 and set an "equal weight" rating on the stock in a report on Thursday, January 23rd. Citigroup cut their price objective on Paycom Software from $234.00 to $221.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Needham & Company LLC reissued a "hold" rating on shares of Paycom Software in a research note on Thursday, February 13th. StockNews.com lowered shares of Paycom Software from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, KeyCorp raised shares of Paycom Software from a "sector weight" rating to an "overweight" rating and set a $245.00 price objective for the company in a research report on Monday, March 10th. Twelve investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Paycom Software has an average rating of "Hold" and an average target price of $212.80.

Paycom Software Stock Up 0.3 %

Shares of PAYC traded up $0.66 during mid-day trading on Tuesday, hitting $218.93. 133,960 shares of the company's stock were exchanged, compared to its average volume of 660,060. The stock's 50-day simple moving average is $212.94 and its 200-day simple moving average is $207.28. The firm has a market cap of $12.67 billion, a price-to-earnings ratio of 24.60, a price-to-earnings-growth 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.

Paycom Software (NYSE:PAYC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The software maker reported $2.02 earnings per share (EPS) for the quarter, topping 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 forecast that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 0.69%. The ex-dividend date was Monday, March 10th. Paycom Software's dividend payout ratio (DPR) is 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.