Guggenheim Capital LLC Acquires 1,808 Shares of Paycom Software, Inc. (NYSE:PAYC)

Guggenheim Capital LLC increased its stake in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 48.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,577 shares of the software maker's stock after acquiring an additional 1,808 shares during the quarter. Guggenheim Capital LLC's holdings in Paycom Software were worth $1,143,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PAYC. FMR LLC increased its stake in Paycom Software by 137.8% during the 4th quarter. FMR LLC now owns 2,396,452 shares of the software maker's stock valued at $491,201,000 after purchasing an additional 1,388,533 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Paycom Software by 6.3% during the fourth quarter. Geode Capital Management LLC now owns 1,516,768 shares of the software maker's stock worth $310,245,000 after acquiring an additional 89,848 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Paycom Software by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 498,073 shares of the software maker's stock worth $102,090,000 after acquiring an additional 11,611 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Paycom Software by 1,153.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 401,889 shares of the software maker's stock valued at $82,375,000 after acquiring an additional 369,825 shares in the last quarter. Finally, Boston Trust Walden Corp boosted 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 last quarter. Institutional investors and hedge funds own 87.77% of the company's stock.

Paycom Software Price Performance

Shares of PAYC opened at $211.48 on Wednesday. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $242.74. The stock's fifty day moving average price is $214.03 and its two-hundred day moving average price is $208.99. The firm has a market cap of $12.23 billion, a PE ratio of 23.76, a PEG ratio of 2.40 and a beta of 0.97.

Paycom Software (NYSE:PAYC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The software maker reported $2.02 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts anticipate that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.71%. The ex-dividend date was Monday, March 10th. Paycom Software's dividend payout ratio (DPR) is presently 16.85%.

Insider Activity at Paycom Software

In related news, Director J C. Watts, Jr. sold 500 shares of the business's 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 completion of the transaction, the director now owns 7,730 shares of the company's stock, valued at approximately $1,686,840.60. The trade was a 6.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bradley Scott Smith sold 3,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was 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 in the company, valued at $5,775,620.33. This represents a 9.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,100 shares of company stock worth $1,476,024. Corporate insiders own 10.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on PAYC shares. Stifel Nicolaus lowered their price target 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. Needham & Company LLC reissued a "hold" rating on shares of Paycom Software in a research report on Thursday, February 13th. StockNews.com downgraded shares of Paycom Software from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. KeyCorp raised shares of Paycom Software from a "sector weight" rating to an "overweight" rating and set a $245.00 target price on the stock in a research report on Monday, March 10th. Finally, JPMorgan Chase & Co. upped their target price on Paycom Software from $185.00 to $200.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Twelve 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 an average price target of $212.80.

Paycom Software 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.

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