Landscape Capital Management L.L.C. Makes New $270,000 Investment in Paycom Software, Inc. (NYSE:PAYC)

Landscape Capital Management L.L.C. acquired a new stake in Paycom Software, Inc. (NYSE:PAYC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,317 shares of the software maker's stock, valued at approximately $270,000.

A number of other institutional investors also recently modified their holdings of the stock. Private Trust Co. NA increased its position in Paycom Software by 9.3% in the fourth quarter. Private Trust Co. NA now owns 575 shares of the software maker's stock worth $118,000 after purchasing an additional 49 shares during the period. Oppenheimer & Co. Inc. grew its position in shares of Paycom Software by 1.8% during the 4th quarter. Oppenheimer & Co. Inc. now owns 2,939 shares of the software maker's stock worth $602,000 after buying an additional 51 shares during the period. Michael S. Ryan Inc. raised its stake in shares of Paycom Software by 2.5% during the fourth 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. Valley National Advisers Inc. lifted its holdings in Paycom Software by 0.7% in the fourth quarter. Valley National Advisers Inc. now owns 10,702 shares of the software maker's stock valued at $2,192,000 after buying an additional 72 shares during the period. Finally, Asset Management One Co. Ltd. boosted its stake in Paycom Software by 0.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 20,240 shares of the software maker's stock valued at $4,184,000 after acquiring an additional 79 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

Insider Activity at Paycom Software

In related news, COO Randall Peck sold 3,600 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $212.19, for a total value of $763,884.00. Following the sale, the chief operating officer now owns 50,665 shares in the company, valued at approximately $10,750,606.35. This represents a 6.63 % decrease in their position. The transaction 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 Paycom Software stock in a transaction 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 transaction, the insider now directly owns 28,733 shares of the company's stock, valued at approximately $5,775,620.33. This trade represents a 9.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,100 shares of company stock valued at $1,476,024. 14.50% of the stock is owned by insiders.

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Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Needham & Company LLC reissued a "hold" rating on shares of Paycom Software in a research note on Thursday, February 13th. StockNews.com lowered Paycom Software from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Barclays decreased their target price on Paycom Software from $229.00 to $221.00 and set an "equal weight" rating for the company in a research report on Thursday, January 23rd. Citigroup cut their price target on shares of Paycom Software from $234.00 to $221.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Paycom Software from $185.00 to $200.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Twelve equities 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, Paycom Software has a consensus rating of "Hold" and an average target price of $212.80.

Paycom Software Stock Performance

NYSE PAYC traded up $5.43 on Friday, reaching $215.65. The company had a trading volume of 406,694 shares, compared to its average volume of 723,009. The company's fifty day moving average is $212.70 and its 200-day moving average is $206.93. The firm has a market capitalization of $12.48 billion, a price-to-earnings ratio of 24.23, a price-to-earnings-growth ratio of 2.40 and a beta of 0.97. Paycom Software, Inc. has a 1-year low of $139.50 and a 1-year high of $242.74.

Paycom Software (NYSE:PAYC - Get Free Report) last announced its earnings results 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%. On average, research analysts forecast that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.70%. The ex-dividend date was Monday, March 10th. Paycom Software's payout ratio is 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.