Private Trust Co. NA Acquires 49 Shares of Paycom Software, Inc. (NYSE:PAYC)

Private Trust Co. NA lifted its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 9.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 575 shares of the software maker’s stock after acquiring an additional 49 shares during the period. Private Trust Co. NA’s holdings in Paycom Software were worth $118,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sylebra Capital LLC raised its position in Paycom Software by 0.3% in the 3rd quarter. Sylebra Capital LLC now owns 1,962,468 shares of the software maker’s stock valued at $326,888,000 after buying an additional 5,000 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Paycom Software by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,426,920 shares of the software maker’s stock worth $237,015,000 after acquiring an additional 45,404 shares in the last quarter. FMR LLC grew its stake in shares of Paycom Software by 55.0% in the 3rd quarter. FMR LLC now owns 1,007,919 shares of the software maker’s stock worth $167,889,000 after acquiring an additional 357,723 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Paycom Software by 1.0% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 627,510 shares of the software maker’s stock valued at $104,524,000 after purchasing an additional 6,488 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Paycom Software by 45.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 486,462 shares of the software maker’s stock valued at $81,030,000 after purchasing an additional 151,807 shares in the last quarter. 87.77% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director J C. Watts, Jr. sold 500 shares of the 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 sale, the director now owns 7,730 shares of the company’s stock, valued at approximately $1,686,840.60. This represents a 6.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, 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 of the company’s stock, valued at approximately $10,750,606.35. This represents a 6.63 % decrease in their position. The disclosure for this sale can be found here. 14.50% of the stock is owned by insiders.

Paycom Software Price Performance

Shares of NYSE PAYC opened at $217.32 on Wednesday. The stock has a market capitalization of $12.44 billion, a PE ratio of 24.42, a P/E/G ratio of 2.40 and a beta of 1.15. Paycom Software, Inc. has a one year low of $139.50 and a one year high of $242.74. The business’s fifty day moving average price is $208.43 and its 200-day moving average price is $197.09.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, February 12th. The software maker reported $2.02 earnings per share (EPS) for the quarter, beating 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%. As a group, equities 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 will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Monday, March 10th. Paycom Software’s payout ratio is currently 16.85%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Paycom Software from $185.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Mizuho upped their target price on Paycom Software from $190.00 to $210.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Citigroup dropped their price target on Paycom Software from $234.00 to $221.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Barclays reduced their price objective 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, StockNews.com lowered Paycom Software from a “buy” rating to a “hold” rating in a research report on Tuesday. Twelve investment analysts have rated the stock with a hold rating, According to MarketBeat, Paycom Software currently has a consensus rating of “Hold” and an average price target of $209.22.

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.