First Trust Advisors LP Has $80.62 Million Stock Position in Paycom Software, Inc. (NYSE:PAYC)

First Trust Advisors LP lessened its stake in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 393,314 shares of the software maker's stock after selling 5,708 shares during the quarter. First Trust Advisors LP owned 0.68% of Paycom Software worth $80,617,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Glass Jacobson Investment Advisors llc increased its holdings in shares of 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 acquiring an additional 112 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in Paycom Software during the fourth quarter valued at approximately $30,000. IFP Advisors Inc raised its position in shares of Paycom Software by 635.7% in the fourth quarter. IFP Advisors Inc now owns 206 shares of the software maker's stock valued at $43,000 after purchasing an additional 178 shares during the period. Blue Trust Inc. lifted its stake in shares of Paycom Software by 33.3% in the fourth quarter. Blue Trust Inc. now owns 352 shares of the software maker's stock worth $72,000 after buying an additional 88 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Paycom Software during the 3rd quarter worth $79,000. Institutional investors and hedge funds 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 Paycom Software 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 completion of the sale, the insider now owns 28,733 shares of the company's stock, valued at approximately $5,775,620.33. The trade was a 9.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Randall Peck sold 3,600 shares of the stock in a transaction 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 transaction, the chief operating officer now directly owns 50,665 shares in the company, valued at approximately $10,750,606.35. This trade represents a 6.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,100 shares of company stock valued at $1,476,024 over the last quarter. Corporate insiders own 10.90% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PAYC shares. Citigroup lowered their price target on Paycom Software from $234.00 to $221.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Stifel Nicolaus reduced their price objective on Paycom Software from $215.00 to $187.00 and set a "hold" rating for the company in a research report on Thursday, February 13th. KeyCorp upgraded 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. JPMorgan Chase & Co. upped their price objective on shares of Paycom Software from $185.00 to $200.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Paycom Software in a research report on Thursday, February 13th. Twelve equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Paycom Software has a consensus rating of "Hold" and a consensus price target of $212.80.

Paycom Software Trading Up 1.0 %

PAYC stock traded up $2.22 during trading on Friday, hitting $228.08. 348,913 shares of the stock traded hands, compared to its average volume of 715,145. The stock has a market cap of $13.19 billion, a price-to-earnings ratio of 25.63, a P/E/G ratio of 2.40 and a beta of 0.97. Paycom Software, Inc. has a one year low of $139.50 and a one year high of $242.74. The company has a 50 day simple moving average of $214.55 and a 200 day simple moving average of $209.49.

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

Paycom Software Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.50 annualized dividend and a dividend yield of 0.66%. Paycom Software's dividend payout ratio (DPR) is currently 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.