Paycom Software, Inc. (NYSE:PAYC) Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd cut its holdings in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 85.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,580 shares of the software maker's stock after selling 37,429 shares during the quarter. WINTON GROUP Ltd's holdings in Paycom Software were worth $1,349,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. increased its position in Paycom Software by 14.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 326,018 shares of the software maker's stock valued at $54,305,000 after acquiring an additional 41,187 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Paycom Software in the fourth quarter valued at approximately $7,142,000. FMR LLC raised its stake in shares of 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 purchasing an additional 357,723 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Paycom Software by 3.5% during the fourth quarter. Nordea Investment Management AB now owns 204,377 shares of the software maker's stock worth $41,952,000 after purchasing an additional 6,916 shares during the last quarter. Finally, Glenview Trust co lifted its stake in shares of Paycom Software by 27.1% in the 4th quarter. Glenview Trust co now owns 12,294 shares of the software maker's stock worth $2,520,000 after acquiring an additional 2,625 shares during the period. 87.77% of the stock is owned by hedge funds and other institutional investors.

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Paycom Software Stock Performance

NYSE:PAYC traded down $0.32 during mid-day trading on Tuesday, hitting $218.16. 132,452 shares of the company's stock traded hands, compared to its average volume of 721,519. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $242.74. The company has a market cap of $12.49 billion, a PE ratio of 24.52, a price-to-earnings-growth ratio of 2.40 and a beta of 1.14. The firm's 50 day simple moving average is $212.49 and its 200 day simple moving average is $204.21.

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 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%. On average, research analysts expect that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal 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 paid a $0.375 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.50 annualized dividend and a yield of 0.69%. Paycom Software's payout ratio is currently 16.85%.

Insider Buying and Selling

In related news, COO Randall Peck sold 3,600 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $212.19, for a total transaction of $763,884.00. Following the completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director J C. Watts, Jr. sold 500 shares of the company's stock in a transaction dated 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 directly owns 7,730 shares of the company's stock, 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. Over the last ninety days, insiders have sold 7,100 shares of company stock worth $1,476,024. 14.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

PAYC has been the topic of a number of analyst reports. Mizuho lifted their price objective on Paycom Software from $190.00 to $210.00 and gave the company a "neutral" rating in a report on Friday, December 13th. KeyCorp upgraded Paycom Software from a "sector weight" rating to an "overweight" rating and set a $245.00 price target on the stock in a research note on Monday, March 10th. StockNews.com cut Paycom Software from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Piper Sandler boosted their target price on shares of Paycom Software from $191.00 to $224.00 and gave the stock a "neutral" rating in a research report on Friday, February 14th. Finally, TD Cowen increased their price target 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. Twelve equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Paycom Software currently has a consensus rating of "Hold" and a consensus target price 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.