Argonautica Private Wealth Management Inc. Sells 275 Shares of Paycom Software, Inc. (NYSE:PAYC)

Argonautica Private Wealth Management Inc. trimmed its position in Paycom Software, Inc. (NYSE:PAYC) by 8.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,841 shares of the software maker’s stock after selling 275 shares during the quarter. Argonautica Private Wealth Management Inc.’s holdings in Paycom Software were worth $582,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Private Trust Co. NA boosted its holdings in Paycom Software by 11.2% in the 3rd quarter. Private Trust Co. NA now owns 526 shares of the software maker’s stock valued at $88,000 after purchasing an additional 53 shares during the period. Wrapmanager Inc. grew its position in Paycom Software by 2.6% during the third quarter. Wrapmanager Inc. now owns 2,176 shares of the software maker’s stock worth $362,000 after buying an additional 56 shares in the last quarter. Andina Capital Management LLC increased its stake in Paycom Software by 4.0% in the 3rd quarter. Andina Capital Management LLC now owns 1,651 shares of the software maker’s stock worth $275,000 after acquiring an additional 63 shares during the last quarter. Michael S. Ryan Inc. raised its holdings in shares of Paycom Software by 2.5% in the 4th quarter. Michael S. Ryan Inc. now owns 2,796 shares of the software maker’s stock valued at $573,000 after acquiring an additional 68 shares in the last quarter. Finally, Valley National Advisers Inc. grew its holdings in shares of Paycom Software by 0.7% during the fourth quarter. Valley National Advisers Inc. now owns 10,702 shares of the software maker’s stock worth $2,192,000 after purchasing an additional 72 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on PAYC shares. Citigroup lowered their target price on shares of Paycom Software from $234.00 to $221.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. TD Cowen lifted their price objective on shares of Paycom Software from $193.00 to $248.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Jefferies Financial Group upped their target price on shares of Paycom Software from $170.00 to $175.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. BMO Capital Markets raised their price target on Paycom Software from $183.00 to $197.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a report on Thursday, February 13th. Eleven investment 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 a consensus price target of $209.22.

Insiders Place Their Bets

In other Paycom Software news, COO Randall Peck sold 3,600 shares of the 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 completion of the sale, the chief operating officer now owns 50,665 shares in the company, valued at approximately $10,750,606.35. This trade represents a 6.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 14.50% of the company’s stock.

Paycom Software Trading Down 0.1 %

NYSE PAYC opened at $218.96 on Wednesday. The firm has a market cap of $12.54 billion, a PE ratio of 24.60, a price-to-earnings-growth ratio of 2.40 and a beta of 1.15. Paycom Software, Inc. has a 1-year low of $139.50 and a 1-year high of $242.74. The stock has a 50-day moving average of $207.67 and a 200-day moving average of $194.49.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data 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, equities research analysts forecast that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be given a dividend of $0.375 per share. The ex-dividend date is Monday, March 10th. This represents a $1.50 annualized dividend and a yield of 0.69%. Paycom Software’s payout ratio is currently 16.85%.

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.