2,983 Shares in Paycom Software, Inc. (NYSE:PAYC) Bought by Sone Capital Management LLC

Sone Capital Management LLC acquired a new position in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,983 shares of the software maker's stock, valued at approximately $611,000.

Several other large investors have also recently added to or reduced their stakes in the company. Sovereign s Capital Management LLC bought a new position in Paycom Software during the fourth quarter worth $4,154,000. Sphera Management Technology Funds Ltd acquired a new position in shares of Paycom Software during the fourth quarter valued at $479,000. Strive Asset Management LLC acquired a new position in shares of Paycom Software during the fourth quarter valued at $340,000. Rafferty Asset Management LLC boosted its holdings in shares of Paycom Software by 14.0% during the fourth quarter. Rafferty Asset Management LLC now owns 7,767 shares of the software maker's stock valued at $1,592,000 after acquiring an additional 955 shares during the period. Finally, Quantinno Capital Management LP boosted its holdings in shares of Paycom Software by 14.5% during the fourth quarter. Quantinno Capital Management LP now owns 21,890 shares of the software maker's stock valued at $4,487,000 after acquiring an additional 2,770 shares during the period. 87.77% of the stock is currently owned by institutional investors.

Paycom Software Stock Down 0.2%

Shares of NYSE PAYC opened at $259.89 on Tuesday. The firm's 50-day simple moving average is $223.59 and its 200 day simple moving average is $218.54. Paycom Software, Inc. has a fifty-two week low of $139.50 and a fifty-two week high of $261.64. The stock has a market cap of $15.04 billion, a P/E ratio of 29.20, a P/E/G ratio of 2.40 and a beta of 0.80.

Paycom Software (NYSE:PAYC - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The software maker reported $2.80 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $522.92 million. During the same period in the previous year, the business earned $2.59 earnings per share. Paycom Software's revenue for the quarter was up 6.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 9th. Shareholders of record on Tuesday, May 27th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.58%. The ex-dividend date is Tuesday, May 27th. Paycom Software's dividend payout ratio (DPR) is presently 21.40%.

Insiders Place Their Bets

In related news, insider Bradley Scott Smith sold 3,000 shares of Paycom Software stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $201.01, for a total value of $603,030.00. Following the transaction, the insider now owns 28,733 shares of the company's stock, valued at approximately $5,775,620.33. This trade represents a 9.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Randall Peck sold 3,600 shares of Paycom Software 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 completion of the transaction, the chief operating officer now directly owns 50,665 shares in the company, valued at $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 three months, insiders have sold 153,526 shares of company stock worth $37,450,796. 10.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

PAYC has been the subject of several analyst reports. Piper Sandler boosted their price target on shares of Paycom Software from $224.00 to $246.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Barclays boosted their price target on shares of Paycom Software from $221.00 to $240.00 and gave the company an "equal weight" rating in a report on Thursday, May 8th. Needham & Company LLC reissued a "hold" rating on shares of Paycom Software in a report on Thursday, May 8th. KeyCorp lifted their price objective on shares of Paycom Software from $245.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Finally, Stifel Nicolaus lifted their price objective on shares of Paycom Software from $187.00 to $215.00 and gave the company a "hold" rating in a research note on Thursday, May 8th. Eleven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average 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.

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