Sei Investments Co. Has $37.39 Million Holdings in Paycom Software, Inc. (NYSE:PAYC)

Sei Investments Co. decreased its holdings in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 4.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 182,429 shares of the software maker's stock after selling 9,338 shares during the quarter. Sei Investments Co. owned 0.32% of Paycom Software worth $37,392,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Private Trust Co. NA raised its stake in Paycom Software by 9.3% during the fourth quarter. Private Trust Co. NA now owns 575 shares of the software maker's stock worth $118,000 after acquiring an additional 49 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of Paycom Software by 1.8% in the 4th quarter. Oppenheimer & Co. Inc. now owns 2,939 shares of the software maker's stock worth $602,000 after purchasing an additional 51 shares during the last quarter. Michael S. Ryan Inc. grew its holdings in shares of Paycom Software by 2.5% in the 4th quarter. Michael S. Ryan Inc. now owns 2,796 shares of the software maker's stock worth $573,000 after purchasing an additional 68 shares during the last quarter. Valley National Advisers Inc. increased its position in shares of Paycom Software by 0.7% during the 4th quarter. Valley National Advisers Inc. now owns 10,702 shares of the software maker's stock worth $2,192,000 after purchasing an additional 72 shares in the last quarter. Finally, Pin Oak Investment Advisors Inc. lifted its holdings 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 purchasing an additional 77 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

Remove Ads

Paycom Software Stock Down 3.1 %

PAYC stock traded down $7.07 during midday trading on Friday, reaching $218.75. The stock had a trading volume of 547,958 shares, compared to its average volume of 723,974. The firm has a market cap of $12.53 billion, a price-to-earnings ratio of 24.58, a PEG ratio of 2.40 and a beta of 1.14. Paycom Software, Inc. has a twelve month low of $139.50 and a twelve month high of $242.74. The business has a fifty day simple moving average of $212.28 and a two-hundred day simple moving average of $203.35.

Paycom Software (NYSE:PAYC - Get Free Report) last issued its quarterly 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%. On average, equities analysts predict 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. Stockholders of record on Monday, March 10th were paid 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 was Monday, March 10th. Paycom Software's dividend payout ratio (DPR) is currently 16.85%.

Wall Street Analyst Weigh In

PAYC has been the topic of several research analyst reports. Mizuho upped their price objective on shares of Paycom Software from $190.00 to $210.00 and gave the stock a "neutral" rating in a research note on Friday, December 13th. Barclays decreased their price target on Paycom Software from $229.00 to $221.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 23rd. KeyCorp upgraded 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. StockNews.com lowered Paycom Software from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Finally, Piper Sandler raised their target price on Paycom Software from $191.00 to $224.00 and gave the company a "neutral" rating in a research note on Friday, February 14th. Twelve equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Paycom Software currently has an average rating of "Hold" and an average price target of $212.80.

Insider Transactions at Paycom Software

In related news, insider Bradley Scott Smith sold 3,000 shares of the firm's stock in a transaction on 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 owns 28,733 shares of the company's stock, valued at approximately $5,775,620.33. This trade represents a 9.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director J C. Watts, Jr. sold 500 shares of the business's stock in a transaction dated 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 transaction, 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 disclosure for this sale can be found here. Insiders have sold 7,100 shares of company stock worth $1,476,024 in the last three months. Insiders own 14.50% of the company's stock.

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.