Paycom Software, Inc. (NYSE:PAYC) Stock Holdings Decreased by Tredje AP fonden

Tredje AP fonden lowered its stake in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 50.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,232 shares of the software maker's stock after selling 4,231 shares during the quarter. Tredje AP fonden's holdings in Paycom Software were worth $867,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Knuff & Co LLC raised its stake in Paycom Software by 234.0% during the fourth quarter. Knuff & Co LLC now owns 1,189 shares of the software maker's stock valued at $244,000 after buying an additional 833 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Paycom Software by 118.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 698 shares of the software maker's stock valued at $143,000 after acquiring an additional 378 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Paycom Software during the 4th quarter valued at approximately $256,000. HighTower Advisors LLC boosted its holdings in Paycom Software by 1.2% in the fourth quarter. HighTower Advisors LLC now owns 15,215 shares of the software maker's stock worth $3,119,000 after purchasing an additional 184 shares during the period. Finally, Wealthfront Advisers LLC bought a new stake in Paycom Software during the fourth quarter valued at $2,942,000. Institutional investors own 87.77% of the company's stock.

Insider Transactions at Paycom Software

In other Paycom Software news, insider Bradley Scott Smith sold 3,000 shares of the company's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $201.01, for a total value of $603,030.00. Following the transaction, the insider now owns 28,733 shares of the company's stock, valued at approximately $5,775,620.33. This represents a 9.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Randall Peck sold 3,600 shares of the firm's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $212.19, for a total value of $763,884.00. Following the sale, the chief operating officer now directly owns 50,665 shares of the company's stock, valued at approximately $10,750,606.35. This represents a 6.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,100 shares of company stock valued at $1,476,024. Corporate insiders own 14.50% of the company's stock.

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Analyst Upgrades and Downgrades

PAYC has been the topic of a number of recent research reports. KeyCorp upgraded shares of Paycom Software from a "sector weight" rating to an "overweight" rating and set a $245.00 price target on the stock in a research report on Monday, March 10th. Mizuho lifted their target price on Paycom Software from $190.00 to $210.00 and gave the company a "neutral" rating in a research note on Friday, December 13th. Citigroup lowered their target price on Paycom Software from $234.00 to $221.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. JPMorgan Chase & Co. boosted their price objective on Paycom Software from $185.00 to $200.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Finally, Piper Sandler increased their target price on Paycom Software from $191.00 to $224.00 and gave the stock a "neutral" rating in a research report 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $212.80.

Paycom Software Price Performance

Shares of NYSE PAYC traded up $0.68 during midday trading on Wednesday, reaching $217.71. 578,980 shares of the company traded hands, compared to its average volume of 700,830. The company has a market cap of $12.47 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 2.40 and a beta of 1.14. The stock has a 50-day moving average price of $209.51 and a 200 day moving average price of $200.53. Paycom Software, Inc. has a 52 week low of $139.50 and a 52 week high of $242.74.

Paycom Software (NYSE:PAYC - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The software maker reported $2.02 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%. As a group, analysts expect that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Announces Dividend

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

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.