1,247 Shares in Paycom Software, Inc. (NYSE:PAYC) Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC purchased a new stake in Paycom Software, Inc. (NYSE:PAYC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,247 shares of the software maker's stock, valued at approximately $256,000.

Several other large investors have also recently bought and sold shares of the company. Private Trust Co. NA boosted its holdings in Paycom Software by 9.3% in the 4th 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 during the period. Oppenheimer & Co. Inc. raised its position in shares of Paycom Software by 1.8% during the 4th quarter. Oppenheimer & Co. Inc. now owns 2,939 shares of the software maker's stock valued at $602,000 after buying an additional 51 shares in the last quarter. Wrapmanager Inc. raised its position in shares of Paycom Software by 2.6% during the 3rd quarter. Wrapmanager Inc. now owns 2,176 shares of the software maker's stock valued at $362,000 after buying an additional 56 shares in the last quarter. Michael S. Ryan Inc. raised its position in shares of Paycom Software by 2.5% during the 4th quarter. Michael S. Ryan Inc. now owns 2,796 shares of the software maker's stock valued at $573,000 after buying an additional 68 shares in the last quarter. Finally, Valley National Advisers Inc. raised 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 valued at $2,192,000 after buying an additional 72 shares in the last quarter. 87.77% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

Several analysts have recently weighed in on PAYC shares. Barclays lowered their price objective on shares of 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 shares of 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. Citigroup lowered their price objective on shares of Paycom Software from $234.00 to $221.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. StockNews.com cut shares of Paycom Software from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, Stifel Nicolaus decreased their target price on shares of Paycom Software from $215.00 to $187.00 and set a "hold" rating on the stock 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 company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $212.80.

Paycom Software Price Performance

Paycom Software stock traded up $3.31 during trading hours on Friday, reaching $218.74. The stock had a trading volume of 2,944,716 shares, compared to its average volume of 709,971. The stock has a market cap of $12.53 billion, a PE ratio of 24.58, a PEG ratio of 2.40 and a beta of 1.14. Paycom Software, Inc. has a 52 week low of $139.50 and a 52 week high of $242.74. The company has a fifty day simple moving average of $210.52 and a 200-day simple moving average of $201.43.

Paycom Software (NYSE:PAYC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The software maker reported $2.02 earnings per share (EPS) 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%. Research analysts predict that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Monday, March 10th. Paycom Software's dividend payout ratio (DPR) is presently 16.85%.

Insiders Place Their Bets

In other news, insider Bradley Scott Smith sold 3,000 shares of Paycom Software stock in a transaction dated Thursday, March 13th. The shares were 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. The trade was a 9.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director J C. Watts, Jr. sold 500 shares of Paycom Software stock in a transaction dated 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 directly owns 7,730 shares in the company, valued at $1,686,840.60. The trade was a 6.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,100 shares of company stock valued at $1,476,024 in the last quarter. Insiders own 14.50% of the company's stock.

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.