6,000 Shares in Paycom Software, Inc. (NYSE:PAYC) Purchased by Hel Ved Capital Management Ltd

Hel Ved Capital Management Ltd acquired a new stake in Paycom Software, Inc. (NYSE:PAYC) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 6,000 shares of the software maker’s stock, valued at approximately $1,230,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PAYC. Murphy & Mullick Capital Management Corp bought a new stake in shares of Paycom Software in the fourth quarter valued at approximately $30,000. IFP Advisors Inc lifted its position in shares of Paycom Software by 635.7% during the 4th quarter. IFP Advisors Inc now owns 206 shares of the software maker’s stock valued at $43,000 after acquiring an additional 178 shares during the period. Blue Trust Inc. grew its holdings in shares of Paycom Software by 33.3% during the 4th quarter. Blue Trust Inc. now owns 352 shares of the software maker’s stock worth $72,000 after purchasing an additional 88 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Paycom Software in the third quarter worth $79,000. Finally, Huntington National Bank raised its stake in Paycom Software by 46.5% in the fourth quarter. Huntington National Bank now owns 551 shares of the software maker’s stock valued at $113,000 after purchasing an additional 175 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Insider Activity

In other news, insider Bradley Scott Smith sold 3,000 shares of the 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 completion of the sale, the insider now owns 28,733 shares of the company’s stock, valued at approximately $5,775,620.33. This represents a 9.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director J C. Watts, Jr. sold 500 shares of Paycom Software 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 transaction, the director now directly owns 7,730 shares in the company, valued at approximately $1,686,840.60. This represents a 6.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,100 shares of company stock valued at $1,476,024. Insiders own 12.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on PAYC shares. Stifel Nicolaus reduced 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. Citigroup lowered their price objective on shares of Paycom Software from $234.00 to $221.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. KeyCorp raised Paycom Software from a “sector weight” rating to an “overweight” rating and set a $245.00 target price on the stock in a report on Monday, March 10th. Finally, Mizuho lifted their price target on Paycom Software from $190.00 to $210.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Twelve investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Paycom Software currently has an average rating of “Hold” and a consensus price target of $212.80.

Paycom Software Stock Down 7.1 %

Shares of PAYC stock opened at $198.22 on Friday. The firm has a market capitalization of $11.35 billion, a P/E ratio of 22.27, a P/E/G ratio of 2.40 and a beta of 0.97. Paycom Software, Inc. has a twelve month low of $139.50 and a twelve month high of $242.74. The stock’s fifty day simple moving average is $212.92 and its 200 day simple moving average is $204.93.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Wednesday, February 12th. The software maker reported $2.02 earnings per share (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 research analysts expect 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. Stockholders of record on Monday, March 10th were paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Monday, March 10th. Paycom Software’s payout ratio is currently 16.85%.

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.