Montanaro Asset Management Ltd Raises Stake in Paycom Software, Inc. (NYSE:PAYC)

Montanaro Asset Management Ltd raised its position in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 13.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,925 shares of the software maker's stock after acquiring an additional 2,000 shares during the period. Montanaro Asset Management Ltd's holdings in Paycom Software were worth $3,469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of PAYC. Murphy & Mullick Capital Management Corp bought a new stake in shares of Paycom Software in the 4th quarter valued at approximately $30,000. Brooklyn Investment Group purchased a new stake in shares of Paycom Software in the third quarter valued at $28,000. Pin Oak Investment Advisors Inc. lifted its holdings in shares of Paycom Software by 73.3% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 182 shares of the software maker's stock worth $30,000 after acquiring an additional 77 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Paycom Software by 635.7% during the 4th quarter. IFP Advisors Inc now owns 206 shares of the software maker's stock worth $43,000 after purchasing an additional 178 shares during the period. Finally, Blue Trust Inc. boosted its stake in shares of Paycom Software by 33.3% during the 4th quarter. Blue Trust Inc. now owns 352 shares of the software maker's stock worth $72,000 after purchasing an additional 88 shares during the period. 87.77% of the stock is currently owned by institutional investors.

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Paycom Software Stock Performance

PAYC stock traded down $1.29 during trading on Monday, reaching $217.47. 94,039 shares of the company traded hands, compared to its average volume of 721,489. The business has a 50 day simple moving average of $212.28 and a 200 day simple moving average of $203.85. Paycom Software, Inc. has a 12 month low of $139.50 and a 12 month high of $242.74. The company has a market capitalization of $12.45 billion, a price-to-earnings ratio of 24.43, a price-to-earnings-growth ratio of 2.40 and a beta of 1.14.

Paycom Software (NYSE:PAYC - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The software maker reported $2.02 earnings per share 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%. As a group, research analysts forecast that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders 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 dividend yield of 0.69%. The ex-dividend date was Monday, March 10th. Paycom Software's payout ratio is presently 16.85%.

Analyst Ratings Changes

Several analysts have issued reports on PAYC shares. JPMorgan Chase & Co. raised 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. 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 note on Friday, February 14th. Stifel Nicolaus dropped their price objective on Paycom Software from $215.00 to $187.00 and set a "hold" rating for the company in a report 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. Finally, TD Cowen upped their price target on shares of Paycom Software from $193.00 to $248.00 and gave the stock a "hold" rating in a report on Monday, December 9th. Twelve investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Paycom Software presently has a consensus rating of "Hold" and a consensus price target of $212.80.

Insider Activity

In other Paycom Software news, COO Randall Peck sold 3,600 shares of the firm's stock in a transaction on Friday, February 21st. The shares were 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 owns 50,665 shares of the company's stock, valued at approximately $10,750,606.35. This trade represents a 6.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director J C. Watts, Jr. sold 500 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $218.22, for a total transaction of $109,110.00. Following the sale, the director now directly owns 7,730 shares in the company, valued at $1,686,840.60. This trade represents a 6.08 % 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. Insiders own 14.50% 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.