National Bank of Canada FI Cuts Holdings in Paycom Software, Inc. (NYSE:PAYC)

National Bank of Canada FI lessened its holdings in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 60.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,834 shares of the software maker's stock after selling 42,216 shares during the quarter. National Bank of Canada FI's holdings in Paycom Software were worth $5,705,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Murphy & Mullick Capital Management Corp purchased a new position in shares of Paycom Software in the fourth quarter worth $30,000. IFP Advisors Inc increased its holdings in Paycom Software by 635.7% in the 4th quarter. IFP Advisors Inc now owns 206 shares of the software maker's stock valued at $43,000 after acquiring an additional 178 shares during the last quarter. Blue Trust Inc. lifted its stake in Paycom Software by 33.3% in 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 in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Paycom Software during the 3rd quarter valued at about $79,000. Finally, Private Trust Co. NA boosted its holdings in shares of Paycom Software by 9.3% during the 4th quarter. Private Trust Co. NA now owns 575 shares of the software maker's stock valued at $118,000 after purchasing an additional 49 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Paycom Software news, COO Randall Peck sold 3,600 shares of the company's 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 completion of the sale, the chief operating officer now directly owns 50,665 shares in the company, valued at approximately $10,750,606.35. This represents a 6.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bradley Scott Smith sold 3,000 shares of the firm'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 transaction, the insider now owns 28,733 shares in the company, valued at approximately $5,775,620.33. This represents a 9.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,100 shares of company stock valued at $1,476,024 in the last 90 days. Company insiders own 14.50% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities research analysts recently commented on PAYC shares. Stifel Nicolaus decreased their target price on Paycom Software from $215.00 to $187.00 and set a "hold" rating on the stock in a research report on Thursday, February 13th. Barclays decreased their price objective on Paycom Software from $229.00 to $221.00 and set an "equal weight" rating on the stock in a report on Thursday, January 23rd. JPMorgan Chase & Co. raised their target price on shares of Paycom Software from $185.00 to $200.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Mizuho upped their price target on shares of Paycom Software from $190.00 to $210.00 and gave the company a "neutral" rating in a research note on Friday, December 13th. Finally, Piper Sandler increased their price objective 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 investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $212.80.

Paycom Software Stock Up 2.6 %

Paycom Software stock traded up $5.43 during midday trading on Friday, reaching $215.65. The stock had a trading volume of 406,694 shares, compared to its average volume of 723,150. Paycom Software, Inc. has a 52-week low of $139.50 and a 52-week high of $242.74. The company has a fifty day moving average of $212.70 and a 200 day moving average of $206.65. The firm has a market cap of $12.35 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 (NYSE:PAYC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The software maker reported $2.02 earnings per share 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%. Equities research analysts predict that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date was Monday, March 10th. Paycom Software's dividend 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.