Quantessence Capital LLC Buys New Shares in Paycom Software, Inc. (NYSE:PAYC)

Quantessence Capital LLC acquired a new position in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,354 shares of the software maker's stock, valued at approximately $482,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Glass Jacobson Investment Advisors llc boosted its stake in shares of Paycom Software by 746.7% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 127 shares of the software maker's stock worth $26,000 after acquiring an additional 112 shares during the period. Murphy & Mullick Capital Management Corp bought a new position in shares of Paycom Software in the fourth quarter valued at about $30,000. IFP Advisors Inc boosted its holdings 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 buying an additional 178 shares during the period. 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 acquiring an additional 88 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Paycom Software in the third quarter valued at approximately $79,000. 87.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. KeyCorp raised Paycom Software from a "sector weight" rating to an "overweight" rating and set a $245.00 target price for the company in a report on Monday, March 10th. JPMorgan Chase & Co. boosted their price target on Paycom Software from $185.00 to $200.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Needham & Company LLC reiterated a "hold" rating on shares of Paycom Software in a research note on Thursday, February 13th. Barclays reduced their price target on shares of 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. Finally, Citigroup decreased their price target 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. Twelve analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Paycom Software currently has an average rating of "Hold" and a consensus target price of $212.80.

Insider Activity

In related news, Director J C. Watts, Jr. sold 500 shares of the business's stock in a transaction that occurred 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 owns 7,730 shares of the company's stock, valued at approximately $1,686,840.60. The trade was a 6.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Randall Peck sold 3,600 shares of the business'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 transaction, the chief operating officer now owns 50,665 shares of the company's stock, valued at $10,750,606.35. This trade represents a 6.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,100 shares of company stock worth $1,476,024 over the last quarter. Insiders own 10.90% of the company's stock.

Paycom Software Stock Down 1.0 %

NYSE:PAYC traded down $2.18 on Monday, hitting $225.42. The stock had a trading volume of 95,761 shares, compared to its average volume of 712,374. The company has a market cap of $13.04 billion, a PE ratio of 25.25, a P/E/G ratio of 2.40 and a beta of 0.97. Paycom Software, Inc. has a 52 week low of $139.50 and a 52 week high of $242.74. The business's fifty day moving average is $214.84 and its 200 day moving average is $210.61.

Paycom Software (NYSE:PAYC - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The software maker reported $2.02 earnings per share 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%. Equities analysts predict that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend was Monday, March 10th. Paycom Software's dividend payout ratio (DPR) is presently 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.