Swiss National Bank Has $29.93 Million Position in Paycom Software, Inc. (NYSE:PAYC)

Swiss National Bank trimmed its holdings in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 3.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 146,000 shares of the software maker's stock after selling 5,400 shares during the period. Swiss National Bank owned about 0.25% of Paycom Software worth $29,926,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in PAYC. Brooklyn Investment Group acquired a new position in Paycom Software in the third quarter worth about $28,000. 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 worth $30,000 after buying an additional 77 shares during the last quarter. First Horizon Advisors Inc. grew its position in shares of Paycom Software by 821.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 212 shares of the software maker's stock worth $35,000 after acquiring an additional 189 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of Paycom Software by 635.7% in 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. Finally, Blue Trust Inc. increased its holdings in shares of Paycom Software by 33.3% in 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. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

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Paycom Software Stock Up 1.5 %

Paycom Software stock traded up $3.31 during mid-day trading on Friday, hitting $218.74. 2,944,713 shares of the company's stock traded hands, compared to its average volume of 709,760. Paycom Software, Inc. has a one year low of $139.50 and a one year high of $242.74. The firm has a 50 day moving average price of $210.19 and a 200 day moving average price of $200.76. The company has a market cap of $12.53 billion, a PE ratio of 24.58, a price-to-earnings-growth ratio of 2.40 and a beta of 1.14.

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, 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, analysts expect that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be 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 is Monday, March 10th. Paycom Software's dividend payout ratio is currently 16.85%.

Insider Activity

In related news, insider Bradley Scott Smith sold 3,000 shares of Paycom Software 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 transaction, the insider now directly owns 28,733 shares of the company's stock, valued at $5,775,620.33. The trade was a 9.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director J C. Watts, Jr. sold 500 shares of the company's 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 completion of the sale, the director now directly owns 7,730 shares of the company's stock, valued at $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 sold 7,100 shares of company stock worth $1,476,024 over the last three months. Corporate insiders own 14.50% of the company's stock.

Wall Street Analyst Weigh In

PAYC has been the subject of a number of research reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Paycom Software in a report on Thursday, February 13th. Piper Sandler boosted their price objective on shares of Paycom Software from $191.00 to $224.00 and gave the company a "neutral" rating in a research report on Friday, February 14th. StockNews.com lowered shares of 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 target price for the company in a research note on Monday, March 10th. Finally, Barclays dropped 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. Twelve 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, Paycom Software presently has a consensus rating of "Hold" and an average price target of $212.80.

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.