Mariner LLC Has $2.50 Million Stock Position in Paycom Software, Inc. (NYSE:PAYC)

Mariner LLC grew its holdings in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 13.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,194 shares of the software maker's stock after acquiring an additional 1,415 shares during the quarter. Mariner LLC's holdings in Paycom Software were worth $2,499,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in Paycom Software by 14.5% in the 3rd 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 during the last quarter. Proficio Capital Partners LLC acquired a new position in Paycom Software in the 4th quarter worth about $7,142,000. Glenview Trust co raised its position 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 last quarter. Nordea Investment Management AB raised its position in 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 purchasing an additional 6,916 shares during the last quarter. Finally, Friedenthal Financial bought a new stake in shares of Paycom Software during the fourth quarter worth about $776,000. Institutional investors own 87.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PAYC. Stifel Nicolaus dropped their price objective 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. Barclays reduced their price objective on shares of Paycom Software from $229.00 to $221.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 23rd. JPMorgan Chase & Co. upped their price target on Paycom Software from $185.00 to $200.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. StockNews.com downgraded Paycom Software from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, Piper Sandler increased their target price on shares of Paycom Software from $191.00 to $224.00 and gave the company a "neutral" rating in a research report on Friday, February 14th. Twelve equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $212.80.

Paycom Software Stock Up 2.6 %

NYSE:PAYC opened at $211.48 on Wednesday. The firm has a market capitalization of $12.23 billion, a P/E ratio of 23.76, a P/E/G ratio of 2.40 and a beta of 0.97. Paycom Software, Inc. has a twelve month low of $139.50 and a twelve month high of $242.74. The company has a fifty day moving average of $214.03 and a 200-day moving average of $208.99.

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 for the quarter, beating the consensus estimate 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, analysts anticipate that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.71%. The ex-dividend date was Monday, March 10th. Paycom Software's dividend payout ratio (DPR) is currently 16.85%.

Insider Activity at Paycom Software

In other news, insider Bradley Scott Smith sold 3,000 shares of the company's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $201.01, for a total value of $603,030.00. Following the completion of the sale, the insider now owns 28,733 shares of the company's stock, valued at approximately $5,775,620.33. This represents a 9.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director J C. Watts, Jr. sold 500 shares of the firm's stock in a transaction that occurred 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 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,100 shares of company stock worth $1,476,024. Company insiders own 10.90% of the company's stock.

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.

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