Natixis Advisors LLC Boosts Stake in Paycom Software, Inc. (NYSE:PAYC)

Natixis Advisors LLC boosted its holdings in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 75,700 shares of the software maker's stock after purchasing an additional 4,760 shares during the quarter. Natixis Advisors LLC owned about 0.13% of Paycom Software worth $15,516,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Copperwynd Financial LLC lifted its position in shares of Paycom Software by 3.1% in the 4th quarter. Copperwynd Financial LLC now owns 5,719 shares of the software maker's stock worth $1,172,000 after acquiring an additional 170 shares during the period. Knuff & Co LLC lifted its position in Paycom Software by 234.0% during the 4th quarter. Knuff & Co LLC now owns 1,189 shares of the software maker's stock worth $244,000 after buying an additional 833 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Paycom Software by 118.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 698 shares of the software maker's stock worth $143,000 after purchasing an additional 378 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in Paycom Software in the 4th quarter valued at $256,000. Finally, HighTower Advisors LLC raised its holdings in Paycom Software by 1.2% during the 4th quarter. HighTower Advisors LLC now owns 15,215 shares of the software maker's stock worth $3,119,000 after purchasing an additional 184 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

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Paycom Software Price Performance

Paycom Software stock traded up $3.31 during trading hours on Friday, hitting $218.74. The company had a trading volume of 2,944,716 shares, compared to its average volume of 708,967. The firm has a market cap of $12.53 billion, a PE ratio of 24.58, a PEG ratio of 2.40 and a beta of 1.14. Paycom Software, Inc. has a one year low of $139.50 and a one year high of $242.74. The firm has a 50-day moving average of $210.52 and a 200 day moving average of $201.15.

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

Paycom Software Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Monday, March 10th. Paycom Software's payout ratio is currently 16.85%.

Insider Buying and Selling at Paycom Software

In related news, Director J C. Watts, Jr. sold 500 shares of Paycom Software stock in a transaction that occurred 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 of the company's stock, valued at approximately $1,686,840.60. The trade was a 6.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Bradley Scott Smith sold 3,000 shares of the 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 transaction, the insider now owns 28,733 shares of the company's stock, valued at $5,775,620.33. The trade was a 9.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,100 shares of company stock valued at $1,476,024 in the last ninety days. 14.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

PAYC has been the topic of a number of recent research reports. KeyCorp raised shares of 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. TD Cowen boosted their price objective on Paycom Software from $193.00 to $248.00 and gave the company a "hold" rating in a research report on Monday, December 9th. Needham & Company LLC reaffirmed a "hold" rating on shares of Paycom Software in a research note on Thursday, February 13th. Barclays reduced their price target 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. Finally, Mizuho raised their price objective on Paycom Software from $190.00 to $210.00 and gave the company a "neutral" rating in a report on Friday, December 13th. Twelve equities 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.com, the stock currently has an average rating of "Hold" and a consensus price target of $212.80.

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.