JT Stratford LLC Has $206,000 Stake in Paycom Software, Inc. (NYSE:PAYC)

JT Stratford LLC trimmed its stake in shares of Paycom Software, Inc. (NYSE:PAYC - Free Report) by 51.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,003 shares of the software maker's stock after selling 1,083 shares during the period. JT Stratford LLC's holdings in Paycom Software were worth $206,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Private Trust Co. NA increased its stake in Paycom Software by 9.3% in the fourth quarter. Private Trust Co. NA now owns 575 shares of the software maker's stock valued at $118,000 after purchasing an additional 49 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in shares of Paycom Software by 1.8% during 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. increased its position in shares of Paycom Software by 1.1% during 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 increased its position in shares of Paycom Software by 1.6% during 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. increased its position in shares of Paycom Software by 0.7% during 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. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Paycom Software Price Performance

PAYC stock traded up $3.24 during trading hours on Tuesday, reaching $261.14. The stock had a trading volume of 446,734 shares, compared to its average volume of 699,568. The stock has a market capitalization of $15.11 billion, a PE ratio of 29.34, a price-to-earnings-growth ratio of 2.40 and a beta of 0.80. The stock has a 50-day simple moving average of $228.25 and a 200 day simple moving average of $219.78. Paycom Software, Inc. has a fifty-two week low of $139.50 and a fifty-two week high of $262.80.

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

Paycom Software Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 9th. Stockholders of record on Tuesday, May 27th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Tuesday, May 27th. Paycom Software's dividend payout ratio is presently 21.40%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PAYC shares. Piper Sandler raised their target price on shares of Paycom Software from $224.00 to $246.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Barclays raised their target price on shares of Paycom Software from $221.00 to $240.00 and gave the company an "equal weight" rating in a research report on Thursday, May 8th. Stifel Nicolaus raised their target price on shares of Paycom Software from $187.00 to $215.00 and gave the company a "hold" rating in a research report on Thursday, May 8th. BMO Capital Markets raised their target price on shares of Paycom Software from $215.00 to $244.00 and gave the company a "market perform" rating in a research report on Thursday, May 8th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Paycom Software in a research report on Thursday, May 8th. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Paycom Software presently has an average rating of "Hold" and an average price target of $226.90.

Insider Transactions at Paycom Software

In other news, CEO Chad R. Richison sold 26,426 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $255.52, for a total transaction of $6,752,371.52. Following the completion of the sale, the chief executive officer now owns 3,277,249 shares in the company, valued at approximately $837,402,664.48. This trade represents a 0.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Bradley Scott Smith sold 3,000 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $201.01, for a total transaction of $603,030.00. Following the sale, the insider now owns 28,733 shares of the company's stock, valued at approximately $5,775,620.33. This represents a 9.45% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 149,426 shares of company stock worth $36,577,802. 10.90% of the stock is owned by insiders.

Paycom Software Company 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.