Banco Bilbao Vizcaya Argentaria S.A. Sells 2,007 Shares of Paycom Software, Inc. (NYSE:PAYC)

Banco Bilbao Vizcaya Argentaria S.A. lessened its stake in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 49.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,081 shares of the software maker's stock after selling 2,007 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Paycom Software were worth $426,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Private Trust Co. NA increased its position in Paycom Software by 9.3% during the 4th quarter. Private Trust Co. NA now owns 575 shares of the software maker's stock valued at $118,000 after buying an additional 49 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in Paycom Software by 1.8% during the 4th quarter. Oppenheimer & Co. Inc. now owns 2,939 shares of the software maker's stock valued at $602,000 after buying an additional 51 shares in the last quarter. Michael S. Ryan Inc. increased its position in Paycom Software by 2.5% during the 4th quarter. Michael S. Ryan Inc. now owns 2,796 shares of the software maker's stock valued at $573,000 after buying an additional 68 shares in the last quarter. Valley National Advisers Inc. boosted its stake in Paycom Software by 0.7% during the 4th quarter. Valley National Advisers Inc. now owns 10,702 shares of the software maker's stock valued at $2,192,000 after purchasing an additional 72 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in shares of Paycom Software by 0.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 20,240 shares of the software maker's stock worth $4,184,000 after purchasing an additional 79 shares during the last quarter. Institutional investors own 87.77% of the company's stock.

Paycom Software Trading Down 0.6 %

Shares of NYSE:PAYC opened at $226.33 on Tuesday. Paycom Software, Inc. has a 12-month low of $139.50 and a 12-month high of $242.74. The company has a market cap of $13.09 billion, a PE ratio of 25.43, a price-to-earnings-growth ratio of 2.40 and a beta of 0.97. The stock has a 50 day moving average of $215.05 and a 200 day moving average of $211.05.

Paycom Software (NYSE:PAYC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The software maker reported $2.02 earnings per share (EPS) for the quarter, topping 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%. Equities research 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 $0.375 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.50 annualized dividend and a dividend yield of 0.66%. Paycom Software's payout ratio is 16.85%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Barclays lowered their target price on shares of 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. Needham & Company LLC restated a "hold" rating on shares of Paycom Software in a research note on Thursday, February 13th. Stifel Nicolaus lowered their target price 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. Piper Sandler upped their target price on shares of Paycom Software from $191.00 to $224.00 and gave the company a "neutral" rating in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. upped their target price on shares of Paycom Software from $185.00 to $200.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Twelve equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $212.80.

Insider Activity

In other news, COO Randall Peck sold 3,600 shares of the business's stock in a transaction dated 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 directly owns 50,665 shares in the company, valued at $10,750,606.35. The trade was a 6.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director J C. Watts, Jr. sold 500 shares of Paycom Software 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 completion of the sale, 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. Insiders have sold 7,100 shares of company stock worth $1,476,024 over the last ninety days. Corporate insiders own 10.90% of the company's stock.

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.

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