2,000 Shares in Paycom Software, Inc. (NYSE:PAYC) Purchased by Uniting Wealth Partners LLC

Uniting Wealth Partners LLC bought a new position in Paycom Software, Inc. (NYSE:PAYC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,000 shares of the software maker's stock, valued at approximately $410,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sylebra Capital LLC grew its stake in Paycom Software by 0.3% in the third quarter. Sylebra Capital LLC now owns 1,962,468 shares of the software maker's stock worth $326,888,000 after purchasing an additional 5,000 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Paycom Software by 6.3% in the 4th 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 during the period. Charles Schwab Investment Management Inc. grew its position in shares of Paycom Software by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 498,073 shares of the software maker's stock worth $102,090,000 after buying an additional 11,611 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of 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 buying an additional 369,825 shares during the period. Finally, Boston Trust Walden Corp raised its holdings in shares of Paycom Software by 3.3% in the fourth quarter. Boston Trust Walden Corp now owns 359,695 shares of the software maker's stock valued at $73,727,000 after acquiring an additional 11,595 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

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Insider Activity at Paycom Software

In other news, COO Randall Peck sold 3,600 shares of the business's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $212.19, for a total value of $763,884.00. Following the completion of the transaction, the chief operating officer now owns 50,665 shares of the company's stock, valued at $10,750,606.35. The trade was a 6.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director J C. Watts, Jr. sold 500 shares of the company'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 value of $109,110.00. Following the completion of the sale, the director now owns 7,730 shares in the company, valued at approximately $1,686,840.60. This represents 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 worth $1,476,024 over the last quarter. Insiders own 12.60% of the company's stock.

Paycom Software Stock Down 7.1 %

Shares of PAYC traded down $15.21 during mid-day trading on Friday, hitting $198.22. 799,454 shares of the company traded hands, compared to its average volume of 720,758. The company has a market capitalization of $11.35 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 2.40 and a beta of 0.97. Paycom Software, Inc. has a 1-year low of $139.50 and a 1-year high of $242.74. The business has a 50 day moving average of $212.92 and a 200 day moving average of $204.93.

Paycom Software (NYSE:PAYC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $2.02 EPS for the quarter, topping the consensus estimate 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, research analysts expect that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were given a $0.375 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.50 dividend on an annualized basis and a yield of 0.76%. Paycom Software's dividend payout ratio is currently 16.85%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on PAYC shares. Mizuho raised their target price on shares of Paycom Software from $190.00 to $210.00 and gave the company a "neutral" rating in a research report on Friday, December 13th. StockNews.com downgraded shares of Paycom Software from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. 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. Stifel Nicolaus reduced their price target 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. Finally, JPMorgan Chase & Co. raised 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. Twelve investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $212.80.

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.