US Bancorp DE Decreases Stock Position in Paycom Software, Inc. (NYSE:PAYC)

US Bancorp DE cut its holdings in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 12.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,364 shares of the software maker's stock after selling 1,508 shares during the quarter. US Bancorp DE's holdings in Paycom Software were worth $2,124,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of Paycom Software by 14.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 326,018 shares of the software maker's stock worth $54,305,000 after purchasing an additional 41,187 shares in the last quarter. Principal Financial Group Inc. grew its position in Paycom Software by 9.3% during the third quarter. Principal Financial Group Inc. now owns 65,809 shares of the software maker's stock worth $10,962,000 after buying an additional 5,574 shares during the period. FMR LLC grew its position in Paycom Software by 55.0% during the third quarter. FMR LLC now owns 1,007,919 shares of the software maker's stock worth $167,889,000 after buying an additional 357,723 shares during the period. Nordea Investment Management AB increased its holdings in Paycom Software by 3.5% in the fourth quarter. Nordea Investment Management AB now owns 204,377 shares of the software maker's stock valued at $41,952,000 after buying an additional 6,916 shares in the last quarter. Finally, SpiderRock Advisors LLC acquired a new stake in shares of Paycom Software during the 3rd quarter valued at approximately $555,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

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Paycom Software Stock Performance

Paycom Software stock traded down $10.16 during trading on Tuesday, hitting $206.86. The company's stock had a trading volume of 794,295 shares, compared to its average volume of 708,386. The stock's fifty day moving average is $208.86 and its 200 day moving average is $198.59. Paycom Software, Inc. has a 1-year low of $139.50 and a 1-year high of $242.74. The stock has a market capitalization of $11.85 billion, a price-to-earnings ratio of 23.24, a P/E/G ratio of 2.40 and a beta of 1.14.

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, 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, research analysts anticipate that Paycom Software, Inc. will post 7.15 EPS 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. Shareholders of record on Monday, March 10th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.73%. Paycom Software's dividend payout ratio (DPR) is presently 16.85%.

Insider Activity

In other Paycom Software 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 sale, the director now owns 7,730 shares of the company's stock, valued at approximately $1,686,840.60. The trade was a 6.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal 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 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 in the company, valued at approximately $10,750,606.35. This trade represents a 6.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 14.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on PAYC shares. 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 note on Thursday, February 13th. Piper Sandler lifted their price target on Paycom Software from $191.00 to $224.00 and gave the stock a "neutral" rating in a research note on Friday, February 14th. Stifel Nicolaus lowered their price objective on shares of Paycom Software from $215.00 to $187.00 and set a "hold" rating on the stock in a research note on Thursday, February 13th. StockNews.com lowered shares of Paycom Software from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, Needham & Company LLC restated a "hold" rating on shares of Paycom Software 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. According to data from MarketBeat.com, Paycom Software 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.