3,387 Shares in Paycom Software, Inc. (NYSE:PAYC) Purchased by Modera Wealth Management LLC

Modera Wealth Management LLC acquired a new position in Paycom Software, Inc. (NYSE:PAYC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 3,387 shares of the software maker’s stock, valued at approximately $694,000.

Several other large investors also recently bought and sold shares of PAYC. FMR LLC boosted its position in Paycom Software by 55.0% in 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. Confluence Investment Management LLC boosted its position in Paycom Software by 147.3% in the third quarter. Confluence Investment Management LLC now owns 377,876 shares of the software maker’s stock worth $62,943,000 after purchasing an additional 225,081 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in Paycom Software in the fourth quarter worth about $42,893,000. Charles Schwab Investment Management Inc. boosted its position in Paycom Software by 45.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 486,462 shares of the software maker’s stock worth $81,030,000 after purchasing an additional 151,807 shares during the last quarter. Finally, Aureus Asset Management LLC boosted its position in Paycom Software by 417.8% in the third quarter. Aureus Asset Management LLC now owns 133,214 shares of the software maker’s stock worth $22,189,000 after purchasing an additional 107,487 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PAYC. Barclays dropped their target price on Paycom Software from $229.00 to $221.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 23rd. TD Cowen lifted their price objective on Paycom Software from $193.00 to $248.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Mizuho lifted their price objective on Paycom Software from $190.00 to $210.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Stifel Nicolaus lowered their price objective on Paycom Software from $215.00 to $187.00 and set a “hold” rating on the stock in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. lifted 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 research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $209.22.

Paycom Software Stock Performance

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

Paycom Software (NYSE:PAYC) last released its earnings results 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%. On average, research analysts predict that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Monday, March 10th. Paycom Software’s dividend payout ratio (DPR) is presently 16.85%.

Insider Transactions at Paycom Software

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 sale, the chief operating officer now owns 50,665 shares of the company’s stock, valued at $10,750,606.35. This represents a 6.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director J C. Watts, Jr. sold 500 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $218.22, for a total transaction of $109,110.00. Following the sale, the director now directly owns 7,730 shares in the company, valued at approximately $1,686,840.60. The trade was a 6.08 % decrease in their position. The disclosure for this sale can be found here. Insiders own 14.50% of the company’s stock.

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.