Proficio Capital Partners LLC Invests $7.14 Million in Paycom Software, Inc. (NYSE:PAYC)

Proficio Capital Partners LLC purchased a new position in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 34,845 shares of the software maker's stock, valued at approximately $7,142,000. Proficio Capital Partners LLC owned about 0.06% of Paycom Software as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brooklyn Investment Group purchased a new stake in Paycom Software during the third quarter worth approximately $28,000. Pin Oak Investment Advisors Inc. boosted its stake in Paycom Software by 73.3% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 182 shares of the software maker's stock valued at $30,000 after acquiring an additional 77 shares during the last quarter. IFP Advisors Inc boosted its stake in Paycom Software by 635.7% during 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. First Horizon Advisors Inc. boosted its stake in Paycom Software by 821.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 212 shares of the software maker's stock valued at $35,000 after acquiring an additional 189 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in Paycom Software by 33.3% during the 4th quarter. Blue Trust Inc. now owns 352 shares of the software maker's stock valued at $72,000 after acquiring an additional 88 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company's stock.

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Paycom Software Trading Down 0.9 %

NYSE PAYC traded down $1.93 during trading on Thursday, reaching $215.51. The company's stock had a trading volume of 496,827 shares, compared to its average volume of 700,024. The stock has a market capitalization of $12.34 billion, a PE ratio of 24.21, a PEG ratio of 2.40 and a beta of 1.14. The business has a 50-day moving average price of $209.87 and a 200-day moving average price of $200.65. 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 issued its quarterly earnings data on Wednesday, February 12th. The software maker reported $2.02 earnings per share 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, analysts expect that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.70%. 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 other Paycom Software news, COO Randall Peck sold 3,600 shares of the stock in a transaction dated 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 owns 50,665 shares of the company's stock, valued at $10,750,606.35. This represents a 6.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bradley Scott Smith sold 3,000 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $201.01, for a total transaction of $603,030.00. Following the sale, the insider now directly 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. 14.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on PAYC shares. KeyCorp raised shares of Paycom Software from a "sector weight" rating to an "overweight" rating and set a $245.00 target price on the stock in a report on Monday, March 10th. TD Cowen increased their price objective on shares of Paycom Software from $193.00 to $248.00 and gave the stock a "hold" rating in a report on Monday, December 9th. Stifel Nicolaus dropped their price objective on shares of Paycom Software from $215.00 to $187.00 and set a "hold" rating on the stock in a report on Thursday, February 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. Finally, Citigroup lowered their target price on shares of Paycom Software from $234.00 to $221.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Twelve equities research 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 an average target price 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.