Paycom Software, Inc. (NYSE:PAYC) Stock Holdings Lessened by Inceptionr LLC

Inceptionr LLC decreased its stake in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 49.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,101 shares of the software maker's stock after selling 4,001 shares during the period. Inceptionr LLC's holdings in Paycom Software were worth $841,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings 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 last quarter. Principal Financial Group Inc. lifted its stake in Paycom Software by 9.3% during the third quarter. Principal Financial Group Inc. now owns 65,809 shares of the software maker's stock worth $10,962,000 after purchasing an additional 5,574 shares during the last quarter. FMR LLC lifted its stake in 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 purchasing an additional 357,723 shares during the last quarter. Nordea Investment Management AB increased its stake in Paycom Software by 3.5% during the fourth quarter. Nordea Investment Management AB now owns 204,377 shares of the software maker's stock valued at $41,952,000 after purchasing an additional 6,916 shares during the last quarter. Finally, SpiderRock Advisors LLC bought a new stake in Paycom Software during the third quarter valued at $555,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director J C. Watts, Jr. sold 500 shares of the company's stock in a transaction on Monday, February 24th. The stock was 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 of the company's stock, valued at $1,686,840.60. This represents a 6.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Randall Peck sold 3,600 shares of Paycom Software stock in a transaction dated Friday, February 21st. The stock was 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 $10,750,606.35. This represents a 6.63 % decrease in their position. The disclosure for this sale can be found here. Insiders own 14.50% of the company's stock.

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Paycom Software Trading Down 4.7 %

PAYC traded down $10.16 on Tuesday, reaching $206.86. The company had a trading volume of 794,413 shares, compared to its average volume of 708,386. Paycom Software, Inc. has a one year low of $139.50 and a one year high of $242.74. The company has a market capitalization of $11.85 billion, a P/E ratio of 23.24, a PEG ratio of 2.40 and a beta of 1.14. The company has a fifty day moving average of $208.86 and a 200-day moving average of $198.59.

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%. Research analysts predict that Paycom Software, Inc. will post 7.15 EPS for the current 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 issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Monday, March 10th. Paycom Software's payout ratio is 16.85%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Barclays decreased their price target on shares of Paycom Software from $229.00 to $221.00 and set an "equal weight" rating for the company in a report on Thursday, January 23rd. Piper Sandler lifted their target price on Paycom Software from $191.00 to $224.00 and gave the company a "neutral" rating in a research note on Friday, February 14th. Needham & Company LLC reiterated a "hold" rating on shares of Paycom Software in a research report on Thursday, February 13th. JPMorgan Chase & Co. boosted their price objective on Paycom Software from $185.00 to $200.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Finally, Citigroup lowered their price objective on Paycom Software from $234.00 to $221.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. 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 a consensus target price of $212.80.

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.