American Century Companies Inc. Has $10.81 Million Stock Holdings in Paycom Software, Inc. (NYSE:PAYC)

American Century Companies Inc. grew its holdings in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 43.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,755 shares of the software maker's stock after purchasing an additional 15,852 shares during the period. American Century Companies Inc. owned about 0.09% of Paycom Software worth $10,813,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. IFP Advisors Inc boosted its stake in shares of Paycom Software by 635.7% in the fourth quarter. IFP Advisors Inc now owns 206 shares of the software maker's stock valued at $43,000 after buying an additional 178 shares during the period. Blue Trust Inc. grew its holdings 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 in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Paycom Software in the third quarter worth $79,000. Private Trust Co. NA raised its stake in Paycom Software by 9.3% in the fourth 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 in the last quarter. Finally, GAMMA Investing LLC raised its stake in Paycom Software by 81.1% in the fourth quarter. GAMMA Investing LLC now owns 585 shares of the software maker's stock valued at $120,000 after purchasing an additional 262 shares in the last quarter. 87.77% of the stock is owned by institutional investors.

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Insider Activity

In other Paycom Software news, Director J C. Watts, Jr. sold 500 shares of Paycom Software stock in a transaction on Monday, February 24th. The shares were sold at an average price of $218.22, for a total value of $109,110.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Randall Peck sold 3,600 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $212.19, for a total transaction of $763,884.00. Following the transaction, the chief operating officer now directly owns 50,665 shares in the company, 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 have sold 7,100 shares of company stock valued at $1,476,024 in the last ninety days. 14.50% of the stock is owned by company insiders.

Paycom Software Trading Down 1.1 %

NYSE:PAYC traded down $2.21 on Monday, reaching $195.90. 1,213,862 shares of the stock traded hands, compared to its average volume of 722,723. Paycom Software, Inc. has a 1-year low of $139.50 and a 1-year high of $242.74. The company's 50 day moving average is $212.58 and its 200-day moving average is $205.59. The firm has a market capitalization of $11.22 billion, a price-to-earnings ratio of 22.01, a price-to-earnings-growth ratio of 2.40 and a beta of 0.97.

Paycom Software (NYSE:PAYC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $2.02 EPS 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%. On average, equities research analysts forecast that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend was Monday, March 10th. Paycom Software's dividend payout ratio (DPR) is presently 16.85%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Stifel Nicolaus reduced their price target on shares of Paycom Software from $215.00 to $187.00 and set a "hold" rating on the stock in a research note on Thursday, February 13th. TD Cowen boosted their target price on shares of Paycom Software from $193.00 to $248.00 and gave the stock a "hold" rating in a research note on Monday, December 9th. StockNews.com cut Paycom Software from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. KeyCorp upgraded Paycom Software from a "sector weight" rating to an "overweight" rating and set a $245.00 price objective on the stock in a research report on Monday, March 10th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Paycom Software in a research report on Thursday, February 13th. Twelve research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $212.80.

Paycom Software 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.