Glenview Trust co Grows Position in Paycom Software, Inc. (NYSE:PAYC)

Glenview Trust co grew its stake in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 27.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,294 shares of the software maker's stock after acquiring an additional 2,625 shares during the quarter. Glenview Trust co's holdings in Paycom Software were worth $2,520,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of PAYC. Private Trust Co. NA lifted its position in Paycom Software by 9.3% in the 4th quarter. Private Trust Co. NA now owns 575 shares of the software maker's stock valued at $118,000 after acquiring an additional 49 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Paycom Software by 1.8% during the fourth quarter. Oppenheimer & Co. Inc. now owns 2,939 shares of the software maker's stock valued at $602,000 after buying an additional 51 shares during the last quarter. Wrapmanager Inc. increased its holdings in Paycom Software by 2.6% in the 3rd quarter. Wrapmanager Inc. now owns 2,176 shares of the software maker's stock worth $362,000 after buying an additional 56 shares in the last quarter. Michael S. Ryan Inc. raised its position in Paycom Software by 2.5% in the 4th quarter. Michael S. Ryan Inc. now owns 2,796 shares of the software maker's stock worth $573,000 after buying an additional 68 shares during the last quarter. Finally, Valley National Advisers Inc. lifted its stake in Paycom Software by 0.7% during the 4th quarter. Valley National Advisers Inc. now owns 10,702 shares of the software maker's stock valued at $2,192,000 after acquiring an additional 72 shares during the period. Hedge funds and other institutional investors own 87.77% of the company's stock.

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Insider Buying and Selling at Paycom Software

In other Paycom Software news, COO Randall Peck sold 3,600 shares of the stock in a transaction that occurred 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 completion of the sale, the chief operating officer now directly owns 50,665 shares of the company's stock, valued at $10,750,606.35. This trade represents a 6.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director J C. Watts, Jr. sold 500 shares of Paycom Software stock in a transaction that occurred 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 sale, the director now owns 7,730 shares in the company, valued at approximately $1,686,840.60. The trade was a 6.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,100 shares of company stock valued at $1,476,024 over the last ninety days. 14.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Citigroup decreased their price objective on shares of 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 report on Thursday, February 13th. JPMorgan Chase & Co. raised their price target on Paycom Software from $185.00 to $200.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. StockNews.com cut Paycom Software from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, 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 research report on Thursday, January 23rd. Twelve research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $212.80.

Paycom Software Price Performance

Shares of NYSE:PAYC traded down $1.93 during mid-day trading on Thursday, reaching $215.51. 496,850 shares of the company traded hands, compared to its average volume of 700,024. The company's 50 day moving average price is $209.87 and its 200-day moving average price is $200.65. The firm has a market cap of $12.34 billion, a PE ratio of 24.21, a PEG ratio of 2.40 and a beta of 1.14. 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 for the quarter, topping analysts' consensus estimates of $1.99 by $0.03. Paycom Software had a net margin of 26.66% and a return on equity of 33.53%. On average, research analysts predict that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.50 dividend on an annualized basis and a yield of 0.70%. Paycom Software's payout ratio is presently 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.