Dimensional Fund Advisors LP Acquires 51,317 Shares of Paycom Software, Inc. (NYSE:PAYC)

Dimensional Fund Advisors LP grew its holdings in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 20.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 300,538 shares of the software maker's stock after buying an additional 51,317 shares during the quarter. Dimensional Fund Advisors LP owned 0.52% of Paycom Software worth $61,603,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. Glass Jacobson Investment Advisors llc increased its holdings in shares of Paycom Software by 746.7% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 127 shares of the software maker's stock valued at $26,000 after purchasing an additional 112 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new position in Paycom Software in the fourth quarter valued at $30,000. IFP Advisors Inc grew its position in shares of Paycom Software by 635.7% during the fourth quarter. IFP Advisors Inc now owns 206 shares of the software maker's stock worth $43,000 after buying an additional 178 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of 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 purchasing an additional 88 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Paycom Software in the 3rd quarter valued at about $79,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director J C. Watts, Jr. sold 500 shares of Paycom Software stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $218.22, for a total value of $109,110.00. Following the completion of the transaction, the director now owns 7,730 shares of the company's stock, valued at $1,686,840.60. This trade represents a 6.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Randall Peck sold 3,600 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $212.19, for a total transaction of $763,884.00. Following the sale, the chief operating officer now owns 50,665 shares of the company's stock, valued at approximately $10,750,606.35. This represents a 6.63 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,100 shares of company stock worth $1,476,024. Corporate insiders own 10.90% of the company's stock.

Paycom Software Stock Performance

Shares of NYSE:PAYC traded up $0.75 during midday trading on Wednesday, hitting $228.54. The company's stock had a trading volume of 757,923 shares, compared to its average volume of 696,070. The stock's 50 day simple moving average is $216.54 and its 200 day simple moving average is $213.46. 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 capitalization of $13.22 billion, a price-to-earnings ratio of 25.68, a PEG ratio of 2.40 and a beta of 0.80.

Paycom Software (NYSE:PAYC - Get Free Report) last issued its earnings results 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 return on equity of 33.53% and a net margin of 26.66%. As a group, analysts anticipate that Paycom Software, Inc. will post 7.15 EPS for the current year.

Paycom Software Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 9th. Shareholders of record on Tuesday, May 27th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.50 annualized dividend and a yield of 0.66%. Paycom Software's dividend payout ratio (DPR) is presently 16.85%.

Analyst Upgrades and Downgrades

A number of research firms have commented on PAYC. KeyCorp upgraded shares of Paycom Software from a "sector weight" rating to an "overweight" rating and set a $245.00 price objective on the stock in a research note on Monday, March 10th. Citigroup lowered their price target on Paycom Software from $234.00 to $221.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Stifel Nicolaus reduced their price target on shares of Paycom Software from $215.00 to $187.00 and set a "hold" rating on the stock in a report on Thursday, February 13th. Needham & Company LLC restated a "hold" rating on shares of Paycom Software in a report on Thursday, February 13th. Finally, StockNews.com downgraded Paycom Software from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Eleven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, Paycom Software presently has an average rating of "Hold" and a consensus price target of $212.80.

Paycom Software 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.