Franklin Resources Inc. Purchases 7,250 Shares of Paycom Software, Inc. (NYSE:PAYC)

Franklin Resources Inc. raised its holdings in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 27.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,683 shares of the software maker's stock after purchasing an additional 7,250 shares during the quarter. Franklin Resources Inc. owned 0.06% of Paycom Software worth $6,904,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of PAYC. JPMorgan Chase & Co. grew its holdings in shares of Paycom Software by 14.5% during the third quarter. JPMorgan Chase & Co. now owns 326,018 shares of the software maker's stock worth $54,305,000 after purchasing an additional 41,187 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Paycom Software during the 4th quarter worth approximately $7,142,000. Nordea Investment Management AB increased its position in Paycom Software by 3.5% in the 4th quarter. Nordea Investment Management AB now owns 204,377 shares of the software maker's stock valued at $41,952,000 after acquiring an additional 6,916 shares during the period. Glenview Trust co raised its stake in shares of Paycom Software by 27.1% during the fourth quarter. Glenview Trust co now owns 12,294 shares of the software maker's stock valued at $2,520,000 after acquiring an additional 2,625 shares during the last quarter. Finally, Friedenthal Financial acquired a new position in shares of Paycom Software during the fourth quarter worth $776,000. Institutional investors own 87.77% of the company's stock.

Insider Buying and Selling at Paycom Software

In other Paycom Software news, 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 owns 7,730 shares of the company's stock, valued at $1,686,840.60. The trade was a 6.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,100 shares of company stock valued at $1,476,024. Company insiders own 14.50% of the company's stock.

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Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on PAYC shares. Barclays decreased their price target on Paycom Software from $229.00 to $221.00 and set an "equal weight" rating for the company in a research note on Thursday, January 23rd. StockNews.com downgraded shares of Paycom Software from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. JPMorgan Chase & Co. boosted their price target on shares of Paycom Software from $185.00 to $200.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. KeyCorp upgraded shares of Paycom Software from a "sector weight" rating to an "overweight" rating and set a $245.00 price objective for the company in a research report on Monday, March 10th. Finally, Citigroup dropped their target price on shares of Paycom Software from $234.00 to $221.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Twelve analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $212.80.

Paycom Software Stock Up 0.9 %

PAYC stock traded up $2.06 during midday trading on Tuesday, hitting $220.33. The company's stock had a trading volume of 54,719 shares, compared to its average volume of 719,671. The stock has a market cap of $12.75 billion, a price-to-earnings ratio of 24.76, a PEG ratio of 2.40 and a beta of 0.97. The stock's 50-day moving average price is $212.94 and its 200 day moving average price is $207.28. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $242.74.

Paycom Software (NYSE:PAYC - Get Free Report) last posted its quarterly earnings results 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%. As a group, equities analysts forecast that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were issued a $0.375 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.68%. Paycom Software's dividend payout ratio (DPR) is presently 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.