Hershey Financial Advisers LLC Invests $813,000 in Paycom Software, Inc. (NYSE:PAYC)

Hershey Financial Advisers LLC purchased a new position in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,967 shares of the software maker's stock, valued at approximately $813,000.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. increased its stake in Paycom Software by 14.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 326,018 shares of the software maker's stock worth $54,305,000 after buying an additional 41,187 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Paycom Software in the fourth quarter worth $7,142,000. FMR LLC increased its position in shares of Paycom Software by 55.0% during the third quarter. FMR LLC now owns 1,007,919 shares of the software maker's stock worth $167,889,000 after acquiring an additional 357,723 shares during the period. Nordea Investment Management AB raised its stake in shares of Paycom Software by 3.5% in the fourth quarter. Nordea Investment Management AB now owns 204,377 shares of the software maker's stock valued at $41,952,000 after acquiring an additional 6,916 shares in the last quarter. Finally, Glenview Trust co boosted its holdings in Paycom Software by 27.1% in the fourth quarter. Glenview Trust co now owns 12,294 shares of the software maker's stock valued at $2,520,000 after purchasing an additional 2,625 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PAYC has been the topic of several recent research reports. StockNews.com downgraded Paycom Software from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Barclays reduced their target price on shares of Paycom Software from $229.00 to $221.00 and set an "equal weight" rating on the stock in a report on Thursday, January 23rd. KeyCorp upgraded shares of Paycom Software from a "sector weight" rating to an "overweight" rating and set a $245.00 price target for the company in a report on Monday, March 10th. JPMorgan Chase & Co. raised their target price on Paycom Software from $185.00 to $200.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Finally, Stifel Nicolaus cut their target price on Paycom Software from $215.00 to $187.00 and set a "hold" rating on the stock in a research 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. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $212.80.

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Paycom Software Stock Performance

Shares of NYSE PAYC traded up $0.84 during trading on Thursday, reaching $223.56. The stock had a trading volume of 132,487 shares, compared to its average volume of 704,743. Paycom Software, Inc. has a one year low of $139.50 and a one year high of $242.74. The firm's 50 day moving average price is $211.72 and its two-hundred day moving average price is $202.81. The stock has a market cap of $12.80 billion, a PE ratio of 25.12, a P/E/G ratio of 2.40 and a beta of 1.14.

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

Paycom Software Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date was Monday, March 10th. Paycom Software's dividend payout ratio (DPR) is currently 16.85%.

Insider Buying and Selling at Paycom Software

In other Paycom Software news, Director J C. Watts, Jr. sold 500 shares of Paycom Software stock in a transaction on Monday, February 24th. The stock was sold at an average price of $218.22, for a total value of $109,110.00. Following the completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Bradley Scott Smith sold 3,000 shares of the firm's stock in a transaction dated 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 $5,775,620.33. The trade was a 9.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,100 shares of company stock worth $1,476,024 over the last 90 days. 14.50% of the stock is currently owned by corporate insiders.

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.