Paycom Software, Inc. (NYSE:PAYC) Shares Purchased by LPL Financial LLC

LPL Financial LLC boosted its holdings in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 5.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 53,126 shares of the software maker's stock after buying an additional 2,953 shares during the period. LPL Financial LLC owned 0.09% of Paycom Software worth $10,889,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Raymond James Financial Inc. bought a new position in shares of Paycom Software during the 4th quarter valued at about $63,923,000. Strategic Financial Concepts LLC bought a new stake in Paycom Software in the 4th quarter worth approximately $42,893,000. National Bank of Canada FI raised its holdings in shares of Paycom Software by 186.5% during the 3rd quarter. National Bank of Canada FI now owns 70,050 shares of the software maker's stock worth $11,668,000 after acquiring an additional 45,600 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Paycom Software by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,426,920 shares of the software maker's stock valued at $237,015,000 after acquiring an additional 45,404 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Paycom Software by 14.5% in the third quarter. JPMorgan Chase & Co. now owns 326,018 shares of the software maker's stock valued at $54,305,000 after purchasing an additional 41,187 shares in the last quarter. 87.77% of the stock is owned by institutional investors.

Insider Activity

In other Paycom Software news, Director J C. Watts, Jr. sold 500 shares of the business's stock in a transaction dated 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 directly owns 7,730 shares in the company, 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 document filed with the SEC, which can be accessed through the SEC website. Also, COO Randall Peck sold 3,600 shares of the firm's stock in a transaction dated 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 owns 50,665 shares in the company, valued at $10,750,606.35. This represents a 6.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,100 shares of company stock worth $1,476,024. 14.50% of the stock is currently owned by corporate insiders.

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Paycom Software Stock Performance

Paycom Software stock traded down $3.33 during trading hours on Tuesday, hitting $193.20. The company had a trading volume of 974,189 shares, compared to its average volume of 723,787. The firm has a market cap of $11.06 billion, a P/E ratio of 21.71, a P/E/G ratio of 2.40 and a beta of 0.97. The company has a 50-day moving average price of $211.90 and a two-hundred day moving average price of $205.66. 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 quarterly earnings data on Wednesday, February 12th. The software maker reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.03. Paycom Software had a return on equity of 33.53% and a net margin of 26.66%. As a group, equities research analysts anticipate that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Monday, March 10th. Paycom Software's dividend payout ratio (DPR) is 16.85%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Barclays lowered their price objective on shares of 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. Stifel Nicolaus lowered their price target on shares of Paycom Software from $215.00 to $187.00 and set a "hold" rating for the company in a report on Thursday, February 13th. KeyCorp raised Paycom Software from a "sector weight" rating to an "overweight" rating and set a $245.00 price objective on the stock in a research note on Monday, March 10th. Mizuho upped their price objective on Paycom Software from $190.00 to $210.00 and gave the company a "neutral" rating in a research report on Friday, December 13th. Finally, Piper Sandler raised their price target on Paycom Software from $191.00 to $224.00 and gave the stock a "neutral" rating in a research report on Friday, February 14th. Twelve research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price 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.