Systematic Alpha Investments LLC Takes $233,000 Position in Paycom Software, Inc. (NYSE:PAYC)

Systematic Alpha Investments LLC bought a new stake in Paycom Software, Inc. (NYSE:PAYC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,137 shares of the software maker’s stock, valued at approximately $233,000.

Several other institutional investors have also recently made changes to their positions in PAYC. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Paycom Software in the 4th quarter valued at $30,000. IFP Advisors Inc grew its stake in 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 in the last quarter. Blue Trust Inc. increased its holdings in 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 during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Paycom Software during 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 buying an additional 175 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Paycom Software Stock Performance

PAYC opened at $213.45 on Friday. Paycom Software, Inc. has a twelve month low of $139.50 and a twelve month high of $242.74. The firm’s 50-day simple moving average is $213.10 and its 200-day simple moving average is $204.73. The firm has a market cap of $12.22 billion, a price-to-earnings ratio of 23.98, a PEG ratio of 2.40 and a beta of 0.97.

Paycom Software (NYSE:PAYC) last released 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%. As a group, sell-side analysts anticipate that Paycom Software, Inc. will post 7.15 EPS for the current fiscal year.

Paycom Software Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were issued a $0.375 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.70%. Paycom Software’s dividend payout ratio (DPR) is 16.85%.

Analyst Upgrades and Downgrades

PAYC has been the subject of several research reports. Piper Sandler upped their price target on shares of Paycom Software from $191.00 to $224.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of Paycom Software in a research note on Thursday, February 13th. Stifel Nicolaus dropped their price objective on Paycom Software from $215.00 to $187.00 and set a “hold” rating for the company in a research note on Thursday, February 13th. Citigroup reduced their target price on Paycom Software from $234.00 to $221.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, Mizuho raised their target price on shares of Paycom Software from $190.00 to $210.00 and gave the stock a “neutral” rating in a research report 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. According to MarketBeat.com, Paycom Software currently has an average rating of “Hold” and an average price target of $212.80.

Insider Buying and Selling at Paycom Software

In related news, insider Bradley Scott Smith sold 3,000 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 28,733 shares in the company, valued at approximately $5,775,620.33. The trade was a 9.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Randall Peck sold 3,600 shares of Paycom Software stock in a transaction that occurred 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 transaction, 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 7,100 shares of company stock worth $1,476,024. Corporate insiders own 12.60% 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.