Jones Financial Companies Lllp Grows Holdings in Paycom Software, Inc. (NYSE:PAYC)

Jones Financial Companies Lllp boosted its stake in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 64.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,030 shares of the software maker's stock after purchasing an additional 1,189 shares during the quarter. Jones Financial Companies Lllp's holdings in Paycom Software were worth $621,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Sylebra Capital LLC lifted its position in Paycom Software by 0.3% in the 3rd quarter. Sylebra Capital LLC now owns 1,962,468 shares of the software maker's stock worth $326,888,000 after buying an additional 5,000 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Paycom Software by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,426,920 shares of the software maker's stock worth $237,015,000 after acquiring an additional 45,404 shares during the last quarter. FMR LLC boosted its stake in shares of Paycom Software by 55.0% in the 3rd quarter. FMR LLC now owns 1,007,919 shares of the software maker's stock valued at $167,889,000 after purchasing an additional 357,723 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Paycom Software by 1.0% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 627,510 shares of the software maker's stock valued at $104,524,000 after purchasing an additional 6,488 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Paycom Software by 45.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 486,462 shares of the software maker's stock worth $81,030,000 after purchasing an additional 151,807 shares during the period. 87.77% of the stock is currently owned by institutional investors.

Remove Ads

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 value of $109,110.00. Following the completion of the transaction, the director now owns 7,730 shares of the company's stock, valued at $1,686,840.60. The trade was a 6.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Randall Peck sold 3,600 shares of the company's stock in a transaction 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 in the company, valued at approximately $10,750,606.35. The trade was a 6.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Citigroup reduced their price objective on Paycom Software from $234.00 to $221.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. TD Cowen raised their price target on Paycom Software from $193.00 to $248.00 and gave the stock a "hold" rating in a research report on Monday, December 9th. Stifel Nicolaus lowered 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. Needham & Company LLC reaffirmed a "hold" rating on shares of Paycom Software in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. increased their price target 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. Twelve analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $212.80.

Paycom Software Trading Down 1.8 %

Paycom Software stock traded down $3.73 during trading hours on Thursday, hitting $202.83. 405,915 shares of the stock traded hands, compared to its average volume of 706,832. Paycom Software, Inc. has a one year low of $139.50 and a one year high of $242.74. The company has a market cap of $11.61 billion, a PE ratio of 22.79, a PEG ratio of 2.40 and a beta of 1.14. The firm's 50-day moving average price is $208.92 and its two-hundred day moving average price is $198.95.

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

Paycom Software Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Monday, March 10th. Paycom Software's payout ratio is currently 16.85%.

Paycom Software Company 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.