New Age Alpha Advisors LLC Invests $907,000 in Paycom Software, Inc. (NYSE:PAYC)

New Age Alpha Advisors LLC purchased a new position in Paycom Software, Inc. (NYSE:PAYC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 4,426 shares of the software maker's stock, valued at approximately $907,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PAYC. Thrivent Financial for Lutherans grew its position in shares of Paycom Software by 71.8% during the third quarter. Thrivent Financial for Lutherans now owns 3,497 shares of the software maker's stock worth $583,000 after acquiring an additional 1,462 shares during the last quarter. Cerity Partners LLC grew its position in Paycom Software by 24.0% in the 3rd quarter. Cerity Partners LLC now owns 10,694 shares of the software maker's stock worth $1,781,000 after purchasing an additional 2,073 shares during the last quarter. FMR LLC grew its position in Paycom Software by 55.0% in the 3rd quarter. FMR LLC now owns 1,007,919 shares of the software maker's stock worth $167,889,000 after purchasing an additional 357,723 shares during the last quarter. Public Sector Pension Investment Board increased its stake in shares of Paycom Software by 28.2% in the third quarter. Public Sector Pension Investment Board now owns 1,816 shares of the software maker's stock valued at $302,000 after purchasing an additional 400 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Paycom Software during the third quarter valued at approximately $16,702,000. Institutional investors and hedge funds own 87.77% of the company's stock.

Insider Activity

In related news, insider Bradley Scott Smith sold 3,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $201.01, for a total transaction of $603,030.00. Following the transaction, the insider now directly owns 28,733 shares of the company's stock, valued at approximately $5,775,620.33. The trade was a 9.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Randall Peck sold 3,600 shares of Paycom Software stock in a transaction on Friday, February 21st. The shares were sold at an average price of $212.19, for a total transaction of $763,884.00. Following the sale, the chief operating officer now directly owns 50,665 shares of the company's stock, valued at $10,750,606.35. This trade represents a 6.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,100 shares of company stock worth $1,476,024 over the last quarter. Corporate insiders own 12.60% of the company's stock.

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Paycom Software Price Performance

Shares of PAYC traded down $2.32 during trading hours on Wednesday, hitting $218.58. 527,670 shares of the company were exchanged, compared to its average volume of 720,816. Paycom Software, Inc. has a one year low of $139.50 and a one year high of $242.74. The company has a market capitalization of $12.52 billion, a PE ratio of 24.56, a PEG ratio of 2.40 and a beta of 0.97. The firm has a fifty day simple moving average of $212.72 and a 200-day simple moving average of $204.57.

Paycom Software (NYSE:PAYC - Get Free Report) last announced its earnings results on Wednesday, February 12th. The software maker reported $2.02 EPS for the quarter, topping 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%. Sell-side analysts expect 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. Stockholders of record on Monday, March 10th were issued a $0.375 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.69%. Paycom Software's payout ratio is currently 16.85%.

Wall Street Analyst Weigh In

Several research firms recently commented on PAYC. Mizuho raised their target price on Paycom Software from $190.00 to $210.00 and gave the company a "neutral" rating in a research report on Friday, December 13th. Barclays lowered their target price 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. Needham & Company LLC restated a "hold" rating on shares of Paycom Software in a research report on Thursday, February 13th. JPMorgan Chase & Co. raised their price objective on shares of Paycom Software from $185.00 to $200.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Finally, StockNews.com downgraded Paycom Software from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Twelve research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Paycom Software has a consensus rating of "Hold" and an average target price of $212.80.

About Paycom Software

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.