Two Sigma Securities LLC Boosts Stock Position in Paycom Software, Inc. (NYSE:PAYC)

Two Sigma Securities LLC increased its position in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 1,272.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,075 shares of the software maker's stock after purchasing an additional 2,851 shares during the period. Two Sigma Securities LLC's holdings in Paycom Software were worth $630,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Glass Jacobson Investment Advisors llc boosted its stake in Paycom Software by 746.7% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 127 shares of the software maker's stock worth $26,000 after purchasing an additional 112 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in shares of Paycom Software during the fourth quarter worth $30,000. IFP Advisors Inc raised its position in shares of Paycom Software by 635.7% during the fourth quarter. IFP Advisors Inc now owns 206 shares of the software maker's stock worth $43,000 after acquiring an additional 178 shares during the last quarter. Blue Trust Inc. raised its position in shares of Paycom Software by 33.3% during the fourth quarter. Blue Trust Inc. now owns 352 shares of the software maker's stock worth $72,000 after acquiring an additional 88 shares during the last quarter. Finally, Canada Post Corp Registered Pension Plan bought a new stake in shares of Paycom Software during the fourth quarter worth $88,000. Institutional investors and hedge funds own 87.77% of the company's stock.

Insider Buying and Selling

In related news, Director J C. Watts, Jr. sold 500 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $218.22, for a total transaction of $109,110.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bradley Scott Smith sold 3,000 shares of the business's stock in a transaction dated 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. The trade was a 9.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,100 shares of company stock worth $1,476,024 over the last ninety days. 10.90% of the stock is owned by corporate insiders.

Paycom Software Stock Down 0.6 %

Shares of NYSE:PAYC traded down $1.27 during midday trading on Monday, reaching $226.33. 507,812 shares of the company traded hands, compared to its average volume of 713,962. Paycom Software, Inc. has a 12 month low of $139.50 and a 12 month high of $242.74. The firm has a market capitalization of $13.09 billion, a price-to-earnings ratio of 25.43, a price-to-earnings-growth ratio of 2.40 and a beta of 0.97. The firm's fifty day moving average price is $215.05 and its two-hundred day moving average price is $211.05.

Paycom Software (NYSE:PAYC - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The software maker reported $2.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.99 by $0.03. Paycom Software had a return on equity of 33.53% and a net margin of 26.66%. Analysts forecast that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend was Monday, March 10th. Paycom Software's payout ratio is 16.85%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PAYC. Stifel Nicolaus dropped their target price on Paycom Software from $215.00 to $187.00 and set a "hold" rating for the company in a research report on Thursday, February 13th. 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 report on Monday, March 10th. Barclays dropped their price objective on Paycom Software from $229.00 to $221.00 and set an "equal weight" rating for the company in a report on Thursday, January 23rd. StockNews.com downgraded Paycom Software from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Paycom Software in a report on Thursday, February 13th. Twelve investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price 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.