Paycom Software, Inc. (NYSE:PAYC) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc decreased its holdings in Paycom Software, Inc. (NYSE:PAYC - Free Report) by 34.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,284 shares of the software maker's stock after selling 15,634 shares during the period. Ensign Peak Advisors Inc owned about 0.05% of Paycom Software worth $6,207,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Private Trust Co. NA grew its stake in shares of Paycom Software by 9.3% in the fourth quarter. Private Trust Co. NA now owns 575 shares of the software maker's stock worth $118,000 after acquiring an additional 49 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Paycom Software by 1.8% in the fourth quarter. Oppenheimer & Co. Inc. now owns 2,939 shares of the software maker's stock worth $602,000 after acquiring an additional 51 shares in the last quarter. Benjamin Edwards Inc. grew its stake in shares of Paycom Software by 1.1% in the fourth quarter. Benjamin Edwards Inc. now owns 5,502 shares of the software maker's stock worth $1,128,000 after acquiring an additional 60 shares in the last quarter. Fiduciary Trust Co grew its stake in shares of Paycom Software by 1.6% in the fourth quarter. Fiduciary Trust Co now owns 4,495 shares of the software maker's stock worth $921,000 after acquiring an additional 71 shares in the last quarter. Finally, Valley National Advisers Inc. grew its stake in shares of Paycom Software by 0.7% in the fourth quarter. Valley National Advisers Inc. now owns 10,702 shares of the software maker's stock worth $2,192,000 after acquiring an additional 72 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company's stock.

Insider Transactions at Paycom Software

In related 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 owns 50,665 shares in the company, valued at $10,750,606.35. The trade was a 6.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director J C. Watts, Jr. sold 500 shares of the business's 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 in the company, valued at $1,686,840.60. This trade represents a 6.08% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 153,526 shares of company stock worth $37,450,796. Company insiders own 10.90% of the company's stock.

Paycom Software Stock Up 1.7%

PAYC traded up $4.24 on Friday, reaching $260.70. The company had a trading volume of 488,201 shares, compared to its average volume of 703,555. Paycom Software, Inc. has a 1 year low of $139.50 and a 1 year high of $261.64. The stock has a market capitalization of $15.08 billion, a PE ratio of 29.29, a P/E/G ratio of 2.40 and a beta of 0.80. The stock has a 50-day moving average price of $222.52 and a 200-day moving average price of $217.81.

Paycom Software (NYSE:PAYC - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The software maker reported $2.80 earnings per share for the quarter, beating analysts' consensus estimates of $2.62 by $0.18. Paycom Software had a net margin of 26.66% and a return on equity of 33.53%. The firm had revenue of $530.50 million during the quarter, compared to analysts' expectations of $522.92 million. During the same period in the previous year, the company earned $2.59 earnings per share. Paycom Software's quarterly revenue was up 6.1% compared to the same quarter last year. As a group, analysts expect that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 9th. Stockholders of record on Tuesday, May 27th will be issued a $0.375 dividend. The ex-dividend date is Tuesday, May 27th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.58%. Paycom Software's payout ratio is 21.40%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. KeyCorp boosted their price target on shares of Paycom Software from $245.00 to $270.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Barclays lifted their price objective on shares of Paycom Software from $221.00 to $240.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. lifted their price objective on shares of Paycom Software from $185.00 to $200.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Piper Sandler lifted their price objective on shares of Paycom Software from $224.00 to $246.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Finally, BMO Capital Markets lifted their price objective on shares of Paycom Software from $215.00 to $244.00 and gave the stock a "market perform" rating in a research report on Thursday, May 8th. Eleven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $226.90.

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.