Uniting Wealth Partners LLC Invests $410,000 in Paycom Software, Inc. (NYSE:PAYC)

Uniting Wealth Partners LLC acquired a new stake in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 2,000 shares of the software maker's stock, valued at approximately $410,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sylebra Capital LLC raised its stake in Paycom Software by 0.3% during the 3rd quarter. Sylebra Capital LLC now owns 1,962,468 shares of the software maker's stock valued at $326,888,000 after purchasing an additional 5,000 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Paycom Software by 6.3% in the fourth quarter. Geode Capital Management LLC now owns 1,516,768 shares of the software maker's stock worth $310,245,000 after buying an additional 89,848 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Paycom Software by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 498,073 shares of the software maker's stock worth $102,090,000 after acquiring an additional 11,611 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Paycom Software by 1,153.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 401,889 shares of the software maker's stock valued at $82,375,000 after acquiring an additional 369,825 shares in the last quarter. Finally, Boston Trust Walden Corp grew its position in shares of Paycom Software by 3.3% during the fourth quarter. Boston Trust Walden Corp now owns 359,695 shares of the software maker's stock valued at $73,727,000 after purchasing an additional 11,595 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PAYC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on Paycom Software from $185.00 to $200.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. TD Cowen raised their target price on shares of Paycom Software from $193.00 to $248.00 and gave the company a "hold" rating in a report on Monday, December 9th. Needham & Company LLC reiterated a "hold" rating on shares of Paycom Software in a research report on Thursday, February 13th. Barclays decreased their price target on Paycom Software from $229.00 to $221.00 and set an "equal weight" rating for the company in a research note on Thursday, January 23rd. Finally, Mizuho upped their price target on shares of Paycom Software from $190.00 to $210.00 and gave the stock a "neutral" rating in a report on Friday, December 13th. 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.com, the stock has an average rating of "Hold" and an average price target of $212.80.

Paycom Software Price Performance

Shares of PAYC stock traded up $5.13 during mid-day trading on Tuesday, hitting $201.66. 315,771 shares of the stock traded hands, compared to its average volume of 720,671. The stock has a market cap of $11.55 billion, a P/E ratio of 22.61, a P/E/G ratio of 2.40 and a beta of 0.97. The stock's fifty day moving average is $212.58 and its two-hundred day moving average is $205.59. 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 issued its quarterly earnings data on Wednesday, February 12th. The software maker reported $2.02 EPS for the quarter, beating the consensus estimate of $1.99 by $0.03. Paycom Software had a return on equity of 33.53% and a net margin of 26.66%. As a group, equities analysts forecast that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were issued a $0.375 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.50 annualized dividend and a yield of 0.74%. Paycom Software's dividend payout ratio (DPR) is presently 16.85%.

Insider Buying and Selling at Paycom Software

In other Paycom Software news, insider Bradley Scott Smith sold 3,000 shares of the company's stock in a transaction that occurred 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 sale, the insider now owns 28,733 shares in the company, valued at approximately $5,775,620.33. This represents a 9.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director J C. Watts, Jr. sold 500 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was 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. In the last ninety days, insiders sold 7,100 shares of company stock worth $1,476,024. Company insiders own 14.50% of the company's stock.

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.