Paycom Software, Inc. (NYSE:PAYC) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp decreased its position in Paycom Software, Inc. (NYSE:PAYC) by 10.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 111,792 shares of the software maker’s stock after selling 12,764 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Paycom Software were worth $22,914,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Brooklyn Investment Group purchased a new position in Paycom Software in the third quarter worth approximately $28,000. Pin Oak Investment Advisors Inc. grew its holdings in shares of Paycom Software by 73.3% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 182 shares of the software maker’s stock worth $30,000 after purchasing an additional 77 shares during the period. IFP Advisors Inc increased 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 worth $43,000 after purchasing an additional 178 shares during the last quarter. Blue Trust Inc. raised its holdings in Paycom Software by 33.3% in the 4th quarter. Blue Trust Inc. now owns 352 shares of the software maker’s stock valued at $72,000 after buying an additional 88 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in Paycom Software in the third quarter valued at about $79,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Insider Activity

In other Paycom Software news, insider Bradley Scott Smith sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $201.01, for a total transaction of $603,030.00. Following the sale, the insider now owns 28,733 shares of the company’s stock, valued at approximately $5,775,620.33. This trade represents a 9.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director J C. Watts, Jr. sold 500 shares of the 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 completion of the transaction, the director now directly owns 7,730 shares in the company, valued at $1,686,840.60. This trade represents a 6.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,100 shares of company stock worth $1,476,024. 14.50% of the stock is currently owned by insiders.

Paycom Software Stock Performance

Shares of Paycom Software stock opened at $225.55 on Friday. The business has a 50-day simple moving average of $212.08 and a 200-day simple moving average of $202.97. Paycom Software, Inc. has a one year low of $139.50 and a one year high of $242.74. The company has a market cap of $12.92 billion, a PE ratio of 25.34, a P/E/G ratio of 2.40 and a beta of 1.14.

Paycom Software (NYSE:PAYC) last announced 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, sell-side analysts predict that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.50 annualized dividend and a dividend yield of 0.67%. Paycom Software’s dividend payout ratio is currently 16.85%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PAYC. JPMorgan Chase & Co. lifted their price target on shares of Paycom Software from $185.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Citigroup cut their target price on Paycom Software from $234.00 to $221.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. StockNews.com cut Paycom Software from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Barclays decreased their target price on Paycom Software from $229.00 to $221.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 23rd. Finally, Stifel Nicolaus cut their price target 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. Twelve equities research 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 has a consensus rating of “Hold” and an average price target of $212.80.

Paycom Software 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.