Paycom Software, Inc. (NYSE:PAYC) Shares Sold by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC cut its position in Paycom Software, Inc. (NYSE:PAYC) by 14.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,212 shares of the software maker’s stock after selling 205 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Paycom Software were worth $248,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new stake in shares of Paycom Software in the third quarter valued at approximately $28,000. Pin Oak Investment Advisors Inc. boosted its stake in 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. First Horizon Advisors Inc. grew its position in Paycom Software by 821.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 212 shares of the software maker’s stock worth $35,000 after purchasing an additional 189 shares during the last quarter. IFP Advisors Inc increased its stake in Paycom Software by 635.7% in the fourth quarter. IFP Advisors Inc now owns 206 shares of the software maker’s stock valued at $43,000 after purchasing an additional 178 shares during the period. Finally, Blue Trust Inc. increased its stake in Paycom Software by 33.3% in the fourth quarter. Blue Trust Inc. now owns 352 shares of the software maker’s stock valued at $72,000 after purchasing an additional 88 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Paycom Software Stock Up 0.2 %

NYSE:PAYC opened at $217.59 on Thursday. The firm’s fifty day simple moving average is $208.59 and its 200-day simple moving average is $197.23. Paycom Software, Inc. has a fifty-two week low of $139.50 and a fifty-two week high of $242.74. The stock has a market cap of $12.46 billion, a PE ratio of 24.45, a price-to-earnings-growth ratio of 2.40 and a beta of 1.15.

Paycom Software (NYSE:PAYC) last posted its earnings results on Wednesday, February 12th. The software maker reported $2.02 earnings per share 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%. Equities analysts anticipate that Paycom Software, Inc. will post 7.15 earnings per share for the current year.

Paycom Software Announces Dividend

The business also recently declared 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. The ex-dividend date is Monday, March 10th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.69%. Paycom Software’s dividend payout ratio (DPR) is 16.85%.

Insider Activity

In other Paycom Software news, COO Randall Peck sold 3,600 shares of the business’s stock in a transaction on 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 directly owns 50,665 shares in the company, valued at approximately $10,750,606.35. The trade was a 6.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 value of $109,110.00. Following the transaction, the director now 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. Company insiders own 14.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on PAYC shares. Citigroup decreased their target price on shares of Paycom Software from $234.00 to $221.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Barclays lowered 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. Piper Sandler upped their price target on Paycom Software from $191.00 to $224.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Mizuho increased their price target on Paycom Software from $190.00 to $210.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Finally, TD Cowen boosted their price objective on shares of Paycom Software from $193.00 to $248.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Twelve equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, Paycom Software presently has a consensus rating of “Hold” and a consensus price target of $209.22.

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.